Arizona Contract for the Sale and Purchase of Real Estate - No Broker - Commercial Lot or Land

• Category: Real Estate - Contracts - Land or Lots
• State: Multi-State
• Control #: US-00472C
• Format: Word; Rich Text

Description

This form is a Contract for the Sale and Purchase of Commercial Real Estate. The form requires information such as: property condition, earnest money, taxes pro ration and utilities. The form provides that the seller has agreed to sell and the buyer will purchase the property described in the form. This contract also contains a contingency for purchase based upon the sale of another property owned by the buyer. The Arizona Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land is a legal document used for the buying and selling of commercial properties or land in the state of Arizona without the involvement of a real estate broker. It serves as a binding agreement between the buyer and the seller, outlining the terms and conditions of the transaction. This contract is specifically designed for the purchase of commercial lots or land, which can be used for various purposes such as retail, office buildings, industrial facilities, or development projects. It is important to note that this contract is not suitable for residential real estate transactions. The Arizona Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land includes several key sections. These sections typically cover the following aspects: 1. Parties involved: Names and contact information of the buyer(s) and seller(s) are stated at the beginning of the contract. 2. Purchase price and financing: The agreed-upon purchase price is detailed, including any earnest money or down payment. The contract may also include provisions relating to financing terms, such as the buyer obtaining a loan for the purchase. 3. Property description: A thorough description of the commercial lot or land is provided, including its legal description, address, and any specific details that are relevant to the transaction. 4. Closing and possession: The contract specifies the closing date, which is when the legal transfer of ownership happens. It also outlines time frames for inspections, surveys, title searches, and contingencies. Additionally, it includes provisions for when the buyer will take possession of the property. 5. Due diligence and inspections: The contract may include contingencies allowing the buyer a certain amount of time to conduct inspections, surveys, or environmental assessments to ensure the property is suitable for their intended use. 6. Title and condition of property: The seller is typically responsible for providing a marketable title to the property, free from any liens or encumbrances, unless otherwise agreed upon. The contract often contains provisions addressing the condition of the property and stipulating any necessary repairs or disclosures. 7. Default and remedies: In the event of a default by either party, the contract outlines the remedies available to the non-defaulting party, such as the right to terminate the contract or seek specific performance. It is important to note that there may be variations of the Arizona Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land depending on specific circumstances or the inclusion of additional clauses. Additionally, it is always advisable to consult with an attorney or real estate professional to ensure compliance with state laws and to protect the interests of all parties involved in the transaction.

The Arizona Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land is a legal document used for the buying and selling of commercial properties or land in the state of Arizona without the involvement of a real estate broker. It serves as a binding agreement between the buyer and the seller, outlining the terms and conditions of the transaction. This contract is specifically designed for the purchase of commercial lots or land, which can be used for various purposes such as retail, office buildings, industrial facilities, or development projects. It is important to note that this contract is not suitable for residential real estate transactions. The Arizona Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land includes several key sections. These sections typically cover the following aspects: 1. Parties involved: Names and contact information of the buyer(s) and seller(s) are stated at the beginning of the contract. 2. Purchase price and financing: The agreed-upon purchase price is detailed, including any earnest money or down payment. The contract may also include provisions relating to financing terms, such as the buyer obtaining a loan for the purchase. 3. Property description: A thorough description of the commercial lot or land is provided, including its legal description, address, and any specific details that are relevant to the transaction. 4. Closing and possession: The contract specifies the closing date, which is when the legal transfer of ownership happens. It also outlines time frames for inspections, surveys, title searches, and contingencies. Additionally, it includes provisions for when the buyer will take possession of the property. 5. Due diligence and inspections: The contract may include contingencies allowing the buyer a certain amount of time to conduct inspections, surveys, or environmental assessments to ensure the property is suitable for their intended use. 6. Title and condition of property: The seller is typically responsible for providing a marketable title to the property, free from any liens or encumbrances, unless otherwise agreed upon. The contract often contains provisions addressing the condition of the property and stipulating any necessary repairs or disclosures. 7. Default and remedies: In the event of a default by either party, the contract outlines the remedies available to the non-defaulting party, such as the right to terminate the contract or seek specific performance. It is important to note that there may be variations of the Arizona Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land depending on specific circumstances or the inclusion of additional clauses. Additionally, it is always advisable to consult with an attorney or real estate professional to ensure compliance with state laws and to protect the interests of all parties involved in the transaction.