The San Jose California Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land is a legal document that establishes the terms and conditions for the sale and purchase of residential lots or land in San Jose, California. This contract is specifically designed for situations where there is no involvement of a real estate broker or agent in the transaction. One type of this contract could be the "San Jose California Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot." This type of contract is used when the transaction involves the sale and purchase of an individual residential lot in San Jose. It covers all the necessary legal aspects and protects the rights and interests of both the buyer and seller. Another type could be the "San Jose California Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Land." This type of contract is used when the transaction involves the sale and purchase of a larger piece of residential land in San Jose. It may have additional provisions and considerations, such as zoning restrictions, environmental assessments, and land use regulations. The San Jose California Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land includes various essential components to ensure a smooth and legally binding transaction. Some key elements covered in this contract are: 1. Purchase price: It outlines the agreed-upon amount for the lot or land. 2. Payment terms: This section specifies the payment method and schedule, including any down payment or financing arrangements. 3. Property description: It provides a detailed description of the location, boundaries, and size of the lot or land. 4. Title and ownership: It ensures that the seller has clear and marketable title to the property and includes representations and warranties regarding ownership. 5. Contingencies: This section allows for specific conditions to be met before the sale can proceed, such as obtaining financing or conducting inspections. 6. Closing procedures: It outlines the process for completing the sale, including the transfer of ownership, prorated taxes, and any additional closing costs. 7. Default and remedies: This section describes the consequences of a breach of the contract by either party and the remedies available to the non-breaching party. It is crucial for both buyers and sellers to carefully review and understand the terms outlined in the San Jose California Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land. Seeking legal advice and conducting due diligence on the property are highly recommended before entering into this contract to ensure a successful and legally binding transaction.
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.