This is a list of many helpful provisions, which can be inserted into your purchase contracts. Some of these clauses feature multiple choices.Seller shall sell and convey and Purchaser shall purchase the property, together with all buildings and improvements thereon (collectively the. Some important contingency clauses should include financing, home inspections, closing costs, and the closing date, among others. Below are a few examples for your reference. There are additional clauses on our website and in the newly revised text book. Discover everything about New York style closing clauses, essentials for real estate contracts, ensuring transparent and efficient property transactions. The contract must clearly state the names of the buyer and seller, as well as a description of the property being sold. We've included a lengthy, typical NYC real estate purchase contract geared towards new development for your review below. Standard real estate contracts contain the basis for a binding agreement between buyer and seller.