Definitions. 4. 2. Nature of Agreement. 7. 3. Development Feasibility and Structure. 7. 4.A purchase and sale agreement s a legally-binding document that establishes the terms and conditions related to a real estate transaction. We're going to be reviewing and going over the as is residential contract some of the best practices builds and clauses in here. 7-169 OF THE CITY CODE, ON MASTER AGREEMENT NO. A Florida residential purchase agreement outlines the terms of a transaction between the seller of residential property and the buyer. Rates are different for both single-family homes and other property types in Miami-Dade County. MDC established a transfer articulation agreement in.