This is a legally binding Real Estate Purchase Contract ("REPC"). Download the Real Estate Buyout Agreement template. 2.Fill in the relevant details such as buyer, seller, and property information. Generate, fill in, and complete now. Get a comprehensive understanding of Utah real estate purchase and sale agreements with our indepth overview and free template. Tenant agrees to lease from Owner the premises located in Salt Lake City, Salt Lake County, Utah, described as Parcel no. 00-00-000-000-0000. UTAH REAL ESTATE PURCHASE CONTRACT (EXAMPLE). Guides. This form from the Utah Real Estate Commission lets professional realtors create an official contract for the sale or purchase of residential property. A buyout agreement is a binding contract between business partners that establishes the buyout details of one partner exiting the partnership.