Idaho Sample Purchase and Sale Agreement: Barker Pacific Group, Inc. and Cranberry Properties MM Corporation Agreement Type: Residential Purchase and Sale Agreement This Idaho residential purchase and sale agreement ("Agreement") is made and entered into as of [date], between Barker Pacific Group, Inc. ("Seller"), having its principal place of business at [Seller's address], and Cranberry Properties MM Corporation ("Buyer"), having its principal place of business at [Buyer's address]. 1. Property Description: The Property refers to the residential property located at [property address], in the state of Idaho, with a legal description as described in Exhibit A, attached hereto. The property is being sold in "as-is" condition. 2. Purchase Price and Terms: The Buyer agrees to purchase the Property for a total purchase price of [purchase price in USD], payable as follows: [payment terms, including down payment amount, financing, and any contingencies]. The Buyer acknowledges receipt of Seller's Property Disclosure Statement along with the agreement. 3. Closing and Possession: Closing of the purchase shall occur on or before [closing date] (the "Closing Date"). At closing, Buyer shall obtain possession of the Property, subject to any existing tenancy rights or agreements. The Buyer shall bear the risk of loss or damage to the Property from the Effective Date through the Closing Date. 4. Seller's Representations and Warranties: The Seller represents and warrants that they are the legal owner of the Property, have the authority to sell it, and that the Property is free from any liens, claims, or encumbrances, except as otherwise expressly stated in this Agreement. 5. Buyer's Inspections and Due Diligence: The Buyer shall have a specified number of days, as agreed upon by both parties, to conduct any inspections, assessments, or evaluations on the Property to ensure its condition and suitability. In the event that the Buyer finds any material defects during the inspection period, they may request repairs, credits, or negotiate a reduction in the purchase price. 6. Default and Dispute Resolution: In the event of any default by either party, the non-defaulting party shall be entitled to exercise any rights and remedies available under law or equity. Any dispute arising out of or relating to this Agreement shall be resolved through mediation or binding arbitration in accordance with the laws of the state of Idaho. 7. Governing Law and Severability: This Agreement shall be construed and governed in accordance with the laws of the state of Idaho. If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall continue to be valid and enforceable to the fullest extent permissible by law. This Idaho Sample Purchase and Sale Agreement is binding upon both parties and their respective successors, assigns, or representatives. It constitutes the entire agreement between the parties and supersedes all prior oral or written agreements, understandings, or representations.
Idaho Sample Purchase and Sale Agreement between Barker Pacific Group, Inc. and Cranberry Properties MM Corporation
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