Houston Texas Contrato de Venta de Propiedad Comercial sin Corredor Involucrado - Contract of Sale of Commercial Property with No Broker Involved

• Category: Bienes Raíces - Contratos - Comercial o No Residencial
• State: Multi-State
• City: Houston
• Control #: US-02697BG
• Format: Word

Description

Commercial real estate includes income producing property, such as office buildings, restaurants, shopping centers, hotels, industrial parks, warehouses, and factories. Commercial property usually must be zoned for business purposes. A person licensed to arrange the buying and selling of real estate for a fee. A real estate broker acts as an intermediary between the parties selling and buying the real estate. Real estate brokers can also be called real estate salespersons, and the people who assist them (who are generally not required to be licensed) are generally called real estate agents. A Houston Texas Contract of Sale of Commercial Property with No Broker Involved is a legally binding agreement that outlines the terms and conditions of a commercial property sale in the Houston area where there is no involvement of a real estate broker. This type of contract is commonly used when the buyer and seller prefer to handle the transaction directly without utilizing the services of a broker or agent. It is important to note that engaging in such a transaction without professional assistance requires thorough understanding of the local real estate laws and regulations. The contract will typically include key information such as the names and contact details of the buyer and seller, a detailed description of the commercial property being sold, the purchase price, financing terms (if applicable), and the agreed-upon closing date. It is crucial to include specific provisions regarding the condition of the property, any inspections or due diligence that the buyer intends to conduct, and any warranties or representations made by the seller. Different types of Houston Texas Contracts of Sale of Commercial Property with No Broker Involved may include variations based on the specific circumstances of the transaction. Some common types include: 1. Cash Sale Contract: This type of contract involves a direct cash payment from the buyer to the seller for the purchase of the commercial property, without any financing or installment payments. 2. Seller Financing Contract: In this type of contract, the seller agrees to finance a portion or the entire purchase price, allowing the buyer to make installment payments over an agreed-upon period of time. The terms and conditions of the financing arrangement, such as interest rate, payment schedule, and default provisions, should be clearly outlined in the contract. 3. Lease Option Contract: This contract combines elements of a lease agreement and a purchase agreement. The buyer has the option to lease the commercial property for a certain period of time, with the right to purchase it at a later date for a predetermined price. This type of contract allows the buyer to test the profitability of the property before committing to a full purchase. When entering into a Houston Texas Contract of Sale of Commercial Property with No Broker Involved, it is recommended that both parties seek legal advice to ensure compliance with all applicable laws and to protect their respective interests. It is important to carefully review and negotiate all terms and conditions to avoid any disputes or misunderstandings during the transaction process.

A Houston Texas Contract of Sale of Commercial Property with No Broker Involved is a legally binding agreement that outlines the terms and conditions of a commercial property sale in the Houston area where there is no involvement of a real estate broker. This type of contract is commonly used when the buyer and seller prefer to handle the transaction directly without utilizing the services of a broker or agent. It is important to note that engaging in such a transaction without professional assistance requires thorough understanding of the local real estate laws and regulations. The contract will typically include key information such as the names and contact details of the buyer and seller, a detailed description of the commercial property being sold, the purchase price, financing terms (if applicable), and the agreed-upon closing date. It is crucial to include specific provisions regarding the condition of the property, any inspections or due diligence that the buyer intends to conduct, and any warranties or representations made by the seller. Different types of Houston Texas Contracts of Sale of Commercial Property with No Broker Involved may include variations based on the specific circumstances of the transaction. Some common types include: 1. Cash Sale Contract: This type of contract involves a direct cash payment from the buyer to the seller for the purchase of the commercial property, without any financing or installment payments. 2. Seller Financing Contract: In this type of contract, the seller agrees to finance a portion or the entire purchase price, allowing the buyer to make installment payments over an agreed-upon period of time. The terms and conditions of the financing arrangement, such as interest rate, payment schedule, and default provisions, should be clearly outlined in the contract. 3. Lease Option Contract: This contract combines elements of a lease agreement and a purchase agreement. The buyer has the option to lease the commercial property for a certain period of time, with the right to purchase it at a later date for a predetermined price. This type of contract allows the buyer to test the profitability of the property before committing to a full purchase. When entering into a Houston Texas Contract of Sale of Commercial Property with No Broker Involved, it is recommended that both parties seek legal advice to ensure compliance with all applicable laws and to protect their respective interests. It is important to carefully review and negotiate all terms and conditions to avoid any disputes or misunderstandings during the 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.