Chicago Illinois Contrato de Compraventa de Bienes Raíces - Sin Corredor - Lote o Terreno Comercial - Contract for the Sale and Purchase of Real Estate - No Broker - Commercial Lot or Land

• Category: Bienes Raíces - Contratos - Terrenos o Lotes
• State: Multi-State
• City: Chicago
• Control #: US-00472C
• Format: Word

Description

This form is a Contract for the Sale and Purchase of Commercial Real Estate. The form requires information such as: property condition, earnest money, taxes pro ration and utilities. The form provides that the seller has agreed to sell and the buyer will purchase the property described in the form. This contract also contains a contingency for purchase based upon the sale of another property owned by the buyer. The Chicago Illinois Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land is a legal agreement that governs the transaction between a buyer and seller for the purchase of a commercial lot or land in the city of Chicago, Illinois. This contract is specifically designed for cases where there is no involvement of a real estate broker or agent. This comprehensive document outlines all the essential terms and conditions that both parties must adhere to during the sale and purchase process. It ensures that the transaction is transparent, fair, and legally binding for the protection of both the buyer and seller. The contents of the Chicago Illinois Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land typically include: 1. Identification of the Parties: The contract will identify the full legal names and addresses of both the buyer and seller. 2. Purchase Price and Payment Terms: The contract will clearly specify the agreed-upon purchase price for the commercial lot or land, along with the preferred method and timeline for payment. 3. Property Description: A detailed description of the commercial lot or land being sold will be provided, including its legal address, boundaries, and any existing improvements or structures on the property. 4. Title and Closing: The contract will address the transfer of title from the seller to the buyer, outlining the responsibilities and costs associated with conducting a title search and obtaining title insurance. It will also specify the closing date and location. 5. Contingencies: The contract may include contingencies, such as obtaining financing, satisfactory inspection results, or necessary zoning approvals. These contingencies protect the buyer from unforeseen issues that may affect the property's suitability or value. 6. Evidence of Title: The contract will require the seller to provide evidence of clear and marketable title, ensuring that there are no liens, encumbrances, or legal disputes attached to the property. 7. Disclosures: The contract may include an obligation for the seller to disclose any known defects, environmental hazards, or legal issues related to the property. 8. Due Diligence: The contract may allow the buyer a certain period to conduct inspections, surveys, or investigations on the property to assess its condition and determine its suitability for their intended use. 9. Default and Remedies: The contract will outline the consequences of defaulting on the agreement by either party and the available legal remedies. 10. Governing Law: The contract will specify that it is governed by the laws of the State of Illinois and any disputes arising from the agreement will be settled in a relevant court. Different types or variations of the Chicago Illinois Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land may exist based on specific commercial property types, such as retail spaces, industrial lots, office buildings, or vacant land. The general structure and key elements will remain similar, but the documentation may consider property-specific details and requirements.

The Chicago Illinois Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land is a legal agreement that governs the transaction between a buyer and seller for the purchase of a commercial lot or land in the city of Chicago, Illinois. This contract is specifically designed for cases where there is no involvement of a real estate broker or agent. This comprehensive document outlines all the essential terms and conditions that both parties must adhere to during the sale and purchase process. It ensures that the transaction is transparent, fair, and legally binding for the protection of both the buyer and seller. The contents of the Chicago Illinois Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land typically include: 1. Identification of the Parties: The contract will identify the full legal names and addresses of both the buyer and seller. 2. Purchase Price and Payment Terms: The contract will clearly specify the agreed-upon purchase price for the commercial lot or land, along with the preferred method and timeline for payment. 3. Property Description: A detailed description of the commercial lot or land being sold will be provided, including its legal address, boundaries, and any existing improvements or structures on the property. 4. Title and Closing: The contract will address the transfer of title from the seller to the buyer, outlining the responsibilities and costs associated with conducting a title search and obtaining title insurance. It will also specify the closing date and location. 5. Contingencies: The contract may include contingencies, such as obtaining financing, satisfactory inspection results, or necessary zoning approvals. These contingencies protect the buyer from unforeseen issues that may affect the property's suitability or value. 6. Evidence of Title: The contract will require the seller to provide evidence of clear and marketable title, ensuring that there are no liens, encumbrances, or legal disputes attached to the property. 7. Disclosures: The contract may include an obligation for the seller to disclose any known defects, environmental hazards, or legal issues related to the property. 8. Due Diligence: The contract may allow the buyer a certain period to conduct inspections, surveys, or investigations on the property to assess its condition and determine its suitability for their intended use. 9. Default and Remedies: The contract will outline the consequences of defaulting on the agreement by either party and the available legal remedies. 10. Governing Law: The contract will specify that it is governed by the laws of the State of Illinois and any disputes arising from the agreement will be settled in a relevant court. Different types or variations of the Chicago Illinois Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land may exist based on specific commercial property types, such as retail spaces, industrial lots, office buildings, or vacant land. The general structure and key elements will remain similar, but the documentation may consider property-specific details and requirements.

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.