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How to fill out the STANDARD CONDOMINIUM PURCHASE AND SALE AGREEMENT - Startpoint Realty online
Filling out the Standard Condominium Purchase and Sale Agreement is a crucial step in the process of buying a condominium. This guide provides clear, step-by-step instructions to help you complete the form accurately and efficiently.
Follow the steps to successfully fill out the form.
- Click the ‘Get Form’ button to obtain the form and open it for editing.
- Begin by filling in the parties involved in the agreement. Enter the name of the SELLER and the name of the BUYER.
- In the description section, provide the street address and condominium unit number, including relevant details about the items included in the sale.
- Specify the purchase price in the designated fields and outline the payment structure, including the deposit already made and any remaining balance.
- Complete the escrow section by designating the escrow agent who will hold the funds until the conditions of the agreement are fulfilled.
- In the time for performance segment, indicate the date and time when the SELLER will deliver the deed and the BUYER will complete the payment.
- Fill out the title/plans section, including any exceptions to a clear title.
- Review specifications for title insurance to ensure it meets the requirements stated in the agreement.
- Complete any required closing certifications and documents to be provided at the time of deed delivery.
- Finalize the agreement by adding details concerning possession, condition of the premises, and any warranties made by the SELLER.
- After completing all fields, carefully review the form for accuracy and save your changes.
- Once you are satisfied with the information, download or print the form for your records, or share it as necessary.
Get started on your condominium purchase by filling out the form online today!
What is a townhouse? Townhouses are conjoined, detached or semi-detached units owned by individual homeowners. ... In a freehold townhouse, homeowners own the land on which the property is located, as well as the yard and walls of the home.
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