Pennsylvania 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 Pennsylvania Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land is a legal document used in Pennsylvania for buying or selling commercial lots or land without the involvement of a real estate broker. This contract sets out the terms and conditions agreed upon by both the buyer and the seller. This contract is designed specifically for commercial transactions and addresses various essential aspects of the sale. It includes provisions related to the identification of the property being sold, the purchase price, and how it will be paid. The contract also covers any financing arrangements, if applicable, specifying the terms of any loans or mortgages involved in the transaction. Another important aspect is the allocation of costs and expenses. The contract defines responsibilities for expenses related to title searches, inspections, surveys, and environmental assessments. It also outlines who will be responsible for paying transfer taxes and recording fees. Furthermore, the contract includes terms and conditions related to contingencies. These may include provisions for obtaining necessary approvals or permits, satisfying any zoning requirements, or securing financing. The contract may also address any specific contingencies peculiar to the property being sold, such as ensuring its compliance with certain regulations or obtaining necessary licenses. Additionally, the Pennsylvania Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land typically includes clauses addressing closing procedures. This covers the timing and location of the closing, as well as the distribution of documents and funds. It also specifies the condition in which the property will be delivered to the buyer and outlines any warranties or representations made by the seller. It is important to note that the Pennsylvania Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land may have various versions or variations. These variations may be specific to different counties or may contain specific wording to account for unique circumstances, such as properties subject to environmental restrictions or those located within historic districts. It is always recommended consulting an attorney or real estate professional familiar with Pennsylvania real estate law when drafting or reviewing this contract to ensure its conformity with local regulations and to address any unique circumstances related to the specific commercial lot or land being sold.

The Pennsylvania Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land is a legal document used in Pennsylvania for buying or selling commercial lots or land without the involvement of a real estate broker. This contract sets out the terms and conditions agreed upon by both the buyer and the seller. This contract is designed specifically for commercial transactions and addresses various essential aspects of the sale. It includes provisions related to the identification of the property being sold, the purchase price, and how it will be paid. The contract also covers any financing arrangements, if applicable, specifying the terms of any loans or mortgages involved in the transaction. Another important aspect is the allocation of costs and expenses. The contract defines responsibilities for expenses related to title searches, inspections, surveys, and environmental assessments. It also outlines who will be responsible for paying transfer taxes and recording fees. Furthermore, the contract includes terms and conditions related to contingencies. These may include provisions for obtaining necessary approvals or permits, satisfying any zoning requirements, or securing financing. The contract may also address any specific contingencies peculiar to the property being sold, such as ensuring its compliance with certain regulations or obtaining necessary licenses. Additionally, the Pennsylvania Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land typically includes clauses addressing closing procedures. This covers the timing and location of the closing, as well as the distribution of documents and funds. It also specifies the condition in which the property will be delivered to the buyer and outlines any warranties or representations made by the seller. It is important to note that the Pennsylvania Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land may have various versions or variations. These variations may be specific to different counties or may contain specific wording to account for unique circumstances, such as properties subject to environmental restrictions or those located within historic districts. It is always recommended consulting an attorney or real estate professional familiar with Pennsylvania real estate law when drafting or reviewing this contract to ensure its conformity with local regulations and to address any unique circumstances related to the specific commercial lot or land being sold.