Seller Representations Clauses: Contract for Real Property are clauses that are included in real estate contracts between buyers and sellers. These clauses require the seller to make certain representations about the property and are typically used to protect the buyer from misrepresentations and undisclosed conditions of the property. The types of Seller Representations Clauses: Contract for Real Property can include representations about title, legal description, zoning regulations, environmental conditions, liens, and other relevant conditions of the property. They also may include representations about past and current occupancy, disclosures of any known defects or issues, and warranties of the condition of the property. Additionally, Seller Representations Clauses: Contract for Real Property often include indemnification clauses that allow the buyer to seek compensation from the seller if any of the representations turn out to be false.
Seller Representations Clauses: Contract for Real Property
Description
How to fill out Seller Representations Clauses: Contract For Real Property?
How much time and resources do you often spend on composing official paperwork? There’s a better option to get such forms than hiring legal specialists or wasting hours searching the web for an appropriate blank. US Legal Forms is the premier online library that provides professionally designed and verified state-specific legal documents for any purpose, like the Seller Representations Clauses: Contract for Real Property.
To get and complete a suitable Seller Representations Clauses: Contract for Real Property blank, follow these simple instructions:
- Look through the form content to make sure it meets your state requirements. To do so, check the form description or use the Preview option.
- In case your legal template doesn’t meet your needs, find another one using the search tab at the top of the page.
- If you already have an account with us, log in and download the Seller Representations Clauses: Contract for Real Property. Otherwise, proceed to the next steps.
- Click Buy now once you find the correct blank. Choose the subscription plan that suits you best to access our library’s full opportunities.
- Create an account and pay for your subscription. You can make a transaction with your credit card or via PayPal - our service is totally safe for that.
- Download your Seller Representations Clauses: Contract for Real Property on your device and fill it out on a printed-out hard copy or electronically.
Another benefit of our library is that you can access previously downloaded documents that you securely store in your profile in the My Forms tab. Get them anytime and re-complete your paperwork as frequently as you need.
Save time and effort preparing legal paperwork with US Legal Forms, one of the most trusted web services. Join us today!
Form popularity
FAQ
I represent that my performance of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary information acquired by me in confidence or in trust prior to my employment by the Company.
Representations & Warranties. Think about representations as your promises of the current state of the business. This assures the buyer that your business is operating the way you say it is. Warranties are a future outlook on the health of the seller's company between typically a 12 to 24-month timeframe after closing.
A seller representation agreement, also known as a listing agreement, is an agreement between a seller of real estate and a brokerage firm that provides detailed information on the property being sold. It forms the foundation of negotiations between the seller and the buyer through an agent.
The seller representations and warranties are assurances by the seller about the company and, in the case of a stock or membership interest sale, the seller's equity interest in the company. The primary goal of seller representations and warranties is to transfer risk from the buyer to the seller.
Related Content. A representation is an assertion as to a fact being true on the date the representation is made. It is given to induce another party to enter into a contract or take some other action. A warranty is a promise of indemnity if the assertion is false.
Every contract between two parties includes representations and warranties. For example, if you decide to go to an auto dealership to buy a car, you would enter this transaction with several representations, such as: The car is actually what the seller represents it to be, in terms of model and make.
In an M&A transaction, the seller makes statements of fact about the business in order to induce a buyer to enter the transaction. These statements, referred to as ?representations and warranties,? are heavily negotiated by the parties during the transaction process as a means of allocating risk between the parties.