Connecticut Contract for the Sale and Purchase of Real Estate - No Broker - Residential Lot or Land

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

Description

This form should be used for the sale of a residential lot or land. The Connecticut Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land is a legal document that facilitates the transaction between a buyer and seller for the sale or purchase of residential lot or land in Connecticut, without the involvement of a real estate broker. This contract outlines the terms and conditions of the agreement and ensures that both parties are legally protected and aware of their respective obligations. The contract contains various sections that cover different aspects of the transaction. These sections include: 1. Parties: This section identifies the buyer and seller involved in the transaction, along with their legal names and contact information. 2. Property Description: It provides a detailed description of the residential lot or land being sold, including its physical address, dimensions, and any other relevant details. 3. Purchase Price: This section states the agreed-upon purchase price for the property. It may also include provisions for earnest money deposits and the method of payment. 4. Closing and Possession: It specifies the date by which the closing of the transaction must occur and when the buyer will take possession of the property. 5. Title and Deed: This section outlines the requirements for marketable title and the process of transferring the property's ownership through a deed. 6. Closing Costs and Expenses: It details the allocation of closing costs and expenses between the buyer and seller, including but not limited to recording fees, transfer taxes, and title insurance. 7. Property Condition: This section addresses the property's current condition and any warranties or representations made by the seller regarding its condition. 8. Contingencies: It may include contingencies such as financing, inspections, surveys, or the sale of the buyer's existing property. 9. Default and Remedies: This section explains the consequences and remedies in case either party fails to fulfill their obligations under the contract. 10. Miscellaneous Provisions: It covers various additional clauses, such as dispute resolution methods, governing law, and amendments to the contract. Different types of Connecticut Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land may exist with slight variations to address specific circumstances, such as the inclusion of specific contingencies or additional provisions related to financing or zoning regulations. However, the overall structure and key sections generally remain consistent. It is crucial for both the buyer and seller to carefully review the contract before signing and seek legal advice if needed to ensure a thorough understanding of its terms and obligations.

The Connecticut Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land is a legal document that facilitates the transaction between a buyer and seller for the sale or purchase of residential lot or land in Connecticut, without the involvement of a real estate broker. This contract outlines the terms and conditions of the agreement and ensures that both parties are legally protected and aware of their respective obligations. The contract contains various sections that cover different aspects of the transaction. These sections include: 1. Parties: This section identifies the buyer and seller involved in the transaction, along with their legal names and contact information. 2. Property Description: It provides a detailed description of the residential lot or land being sold, including its physical address, dimensions, and any other relevant details. 3. Purchase Price: This section states the agreed-upon purchase price for the property. It may also include provisions for earnest money deposits and the method of payment. 4. Closing and Possession: It specifies the date by which the closing of the transaction must occur and when the buyer will take possession of the property. 5. Title and Deed: This section outlines the requirements for marketable title and the process of transferring the property's ownership through a deed. 6. Closing Costs and Expenses: It details the allocation of closing costs and expenses between the buyer and seller, including but not limited to recording fees, transfer taxes, and title insurance. 7. Property Condition: This section addresses the property's current condition and any warranties or representations made by the seller regarding its condition. 8. Contingencies: It may include contingencies such as financing, inspections, surveys, or the sale of the buyer's existing property. 9. Default and Remedies: This section explains the consequences and remedies in case either party fails to fulfill their obligations under the contract. 10. Miscellaneous Provisions: It covers various additional clauses, such as dispute resolution methods, governing law, and amendments to the contract. Different types of Connecticut Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land may exist with slight variations to address specific circumstances, such as the inclusion of specific contingencies or additional provisions related to financing or zoning regulations. However, the overall structure and key sections generally remain consistent. It is crucial for both the buyer and seller to carefully review the contract before signing and seek legal advice if needed to ensure a thorough understanding of its terms and obligations.