The Nassau New York Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land is a legal document that outlines the terms and conditions for the sale and purchase of residential properties in Nassau County, New York. This contract is specifically designed for transactions without the involvement of a real estate broker or agent. The contract serves as a comprehensive agreement between the buyer and seller, ensuring that both parties are fully aware of their rights, responsibilities, and obligations. It includes essential details such as the property's address and legal description, purchase price, financing terms, closing date, and contingencies. This contract is applicable to various types of residential lots or land in Nassau County. Some key variations may include: 1. Single-Family Residential Contract: This type of contract is used for the sale and purchase of a single-family residential lot or land. It is applicable when the property is intended for the construction of a single-family home. 2. Multi-Family Residential Contract: This contract is used when the property is zoned for multi-family housing, such as townhouses, duplexes, or apartment buildings. It includes additional provisions related to zoning regulations and potential rental income. 3. Vacant Land Contract: If the property is undeveloped land without any existing structures, a vacant land contract is used. This contract may include provisions related to land surveys, soil testing, or environmental assessments. 4. Subdivision Contract: In cases where the seller intends to divide a larger property into smaller residential lots or land parcels, a subdivision contract is applicable. This contract addresses the specifics of the subdivision process, including the division of utilities, easement rights, and compliance with local zoning regulations. The Nassau New York Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land is a legally binding agreement that protects both buyers and sellers in Nassau County. It ensures that all parties involved in the transaction are aware of their rights and obligations and helps facilitate a smooth and transparent real estate transaction process.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.