District of Columbia 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 District of Columbia Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land is a legal document that outlines the terms and conditions for buying or selling commercial real estate properties within the District of Columbia. This contract is specifically designed for transactions that do not involve the assistance of a real estate broker. The contract contains various sections that cover all aspects of the transaction to ensure a clear and comprehensive agreement between the buyer and seller. Some key sections include: 1. Parties: This section identifies and provides contact information for both the buyer and seller involved in the transaction. 2. Property Description: Here, the commercial lot or land being bought or sold is described in detail, including its address, legal description, and any specific features or restrictions. 3. Purchase Price and Terms: This section outlines the agreed-upon purchase price for the property, including any down payment and financing terms. It may also include contingencies, such as obtaining financing or performing due diligence on the property. 4. Closing Date and Procedure: The contract specifies the expected closing date and the procedures to be followed during the closing process. This may include the delivery of necessary documents, the transfer of funds, and the recording of the deed. 5. Disclosures and Representations: The contract may require the seller to make certain disclosures regarding the property, such as its condition, any known defects, or potential encumbrances. The buyer may also be required to acknowledge these disclosures. 6. Inspection and Due Diligence: This section addresses the buyer's right to inspect and perform due diligence on the property before finalizing the transaction. It may specify the timeline for conducting inspections and the process for addressing any findings or issues. 7. Default and Remedies: The contract outlines the consequences and remedies in case one party fails to fulfill their obligations. This may include termination of the contract, forfeiture of deposit, or legal action. 8. Miscellaneous Provisions: This section covers various miscellaneous provisions, such as the governing law, assignment of the contract, dispute resolution methods, and acknowledgments by both parties. There are typically no different types of District of Columbia Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land. However, the specific terms and conditions may vary depending on the unique circumstances of each transaction. It is always recommended that parties consult their attorneys or legal advisors to ensure that the contract accurately reflects their intentions and protects their interests.

The District of Columbia Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land is a legal document that outlines the terms and conditions for buying or selling commercial real estate properties within the District of Columbia. This contract is specifically designed for transactions that do not involve the assistance of a real estate broker. The contract contains various sections that cover all aspects of the transaction to ensure a clear and comprehensive agreement between the buyer and seller. Some key sections include: 1. Parties: This section identifies and provides contact information for both the buyer and seller involved in the transaction. 2. Property Description: Here, the commercial lot or land being bought or sold is described in detail, including its address, legal description, and any specific features or restrictions. 3. Purchase Price and Terms: This section outlines the agreed-upon purchase price for the property, including any down payment and financing terms. It may also include contingencies, such as obtaining financing or performing due diligence on the property. 4. Closing Date and Procedure: The contract specifies the expected closing date and the procedures to be followed during the closing process. This may include the delivery of necessary documents, the transfer of funds, and the recording of the deed. 5. Disclosures and Representations: The contract may require the seller to make certain disclosures regarding the property, such as its condition, any known defects, or potential encumbrances. The buyer may also be required to acknowledge these disclosures. 6. Inspection and Due Diligence: This section addresses the buyer's right to inspect and perform due diligence on the property before finalizing the transaction. It may specify the timeline for conducting inspections and the process for addressing any findings or issues. 7. Default and Remedies: The contract outlines the consequences and remedies in case one party fails to fulfill their obligations. This may include termination of the contract, forfeiture of deposit, or legal action. 8. Miscellaneous Provisions: This section covers various miscellaneous provisions, such as the governing law, assignment of the contract, dispute resolution methods, and acknowledgments by both parties. There are typically no different types of District of Columbia Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land. However, the specific terms and conditions may vary depending on the unique circumstances of each transaction. It is always recommended that parties consult their attorneys or legal advisors to ensure that the contract accurately reflects their intentions and protects their interests.