A Florida residential purchase agreement outlines the terms of a transaction between the seller of residential property and the buyer. Personal Property is included in the Purchase Price, has no contributory value, and shall be left for the Buyer.OPTION (ii) SHALL BE DEEMED SELECTED. The Seller agrees to sell, and the Purchaser agrees to purchase, the Property, in accordance with the following terms and provisions. INSTRUCTIONS: Complete the attached contract. Submit an original copy as well as an electronic copy. Page. 1. Definitions, 1. 2. Subject of Sale, 4. 3. ENCUMBRANCES: The Seller agrees to pay all outstanding real estate taxes, if any, prorated up to the day of closing. We're going to be reviewing and going over the as is residential contract some of the best practices builds and clauses in here.