Instead, it says interest always goes to Buyer, thus resolving the single most wasteful negotiation in Contracts. One might call that resolution Buyer-friendly.The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. Use the downloadable, barcoded PDF document for transfers of Real Property located in all counties except: Herkimer County and the boroughs of New York City. Looking for a New York real estate purchase agreement template? Download this free version today. A New York lease agreement is a binding contract that allows a landlord to rent residential or commercial space to a tenant in exchange for payment.