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  • US Legal Forms
  • Contract of Sale of Commercial Property with No Broker Involved

Property Sales Contract Between Seller And Buyer

Category:
Real Estate - Contracts - Commercial
State:
Multi-State
Control #:
US-02697BG
Format:
Word; 
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Description

Commercial real estate includes income producing property, such as office buildings, restaurants, shopping centers, hotels, industrial parks, warehouses, and factories. Commercial property usually must be zoned for business purposes.

A person licensed to arrange the buying and selling of real estate for a fee. A real estate broker acts as an intermediary between the parties selling and buying the real estate. Real estate brokers can also be called real estate salespersons, and the people who assist them (who are generally not required to be licensed) are generally called real estate agents.

South Carolina Contract of Sale of Commercial Property with No Broker Involved A South Carolina Contract of Sale of Commercial Property with No Broker Involved is a legally binding document that outlines the terms and conditions of a transaction between a buyer and seller regarding the sale of commercial property in South Carolina. This type of agreement is used when there is no involvement from a real estate broker or agent. Keywords: South Carolina, contract, sale, commercial property, no broker involved. There are various types of South Carolina Contracts of Sale of Commercial Property with No Broker Involved, including: 1. Standard South Carolina Contract of Sale of Commercial Property with No Broker Involved: This type of contract follows the standard format and includes all essential provisions and clauses required for the sale of commercial property without broker representation. 2. South Carolina Contract of Sale of Commercial Property with Seller Financing: This contract includes additional provisions related to seller financing, which means that the seller provides financing to the buyer instead of the buyer obtaining a loan from a traditional financial institution. 4. South Carolina Contract of Sale of Commercial Property with Leaseback Option: This type of contract allows the seller to lease the property back from the buyer for a specified period after the sale, providing flexibility for both parties involved. 5. South Carolina Contract of Sale of Commercial Property with Contingencies: This contract includes contingency clauses that allow the buyer to back out of the transaction under specific conditions, such as not obtaining necessary permits or inspections. 6. South Carolina Contract of Sale of Commercial Property with Due Diligence Period: This type of contract includes a due diligence period during which the buyer can investigate the property thoroughly, including reviewing financial records, conducting inspections, and assessing market feasibility. 7. South Carolina Contract of Sale of Commercial Property with Earnest Money Deposit: This contract requires the buyer to submit an earnest money deposit as proof of his/her serious intention to purchase the property. If the buyer fails to fulfill the terms of the agreement, the seller may be entitled to keep the earnest money as compensation. By utilizing these various types of South Carolina Contracts of Sale of Commercial Property with No Broker Involved, buyers and sellers can tailor their agreements to meet their specific needs, circumstances, and preferences. It is essential for all parties involved to carefully review and understand the terms and conditions outlined in the contract before signing to ensure a smooth and successful transaction.

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FAQ

These include:The names of the vendor and purchaser.The address of the property.The deposit amount and due date.The sale price.The date of the property settlement and whether there are any conditions.Whether the property is available as 'vacant possession' or 'subject to a lease'More items...

There are a number of documents that you will need to provide when selling your commercial property, including the following:Replies to Commercial Property Standard Enquiries (CPSEs).Planning and Building Regulations Documentation.Asbestos Survey.Fire Risk Assessment.Energy Performance Certificate.

These conditions will include the closing date, purchase price, financing terms, and expiration date by which both parties must agree to the conditions. Ownership of the property can only be transferred legally if both the seller and buyer agree to the prescribed terms and sign the contract.

The statute requires that the disclosure statement include information on: (1) the water supply and sanitary sewage disposal system; (2) the roof, chimneys, floors, foundation, basement, and other structural components; (3) the plumbing, electrical, heating, cooling, and other mechanical systems; (4) past or present,

Property sale agreement or Sale agreement is a document in writing executed, signed and delivered by the parties to the agreement i.e. Seller and Buyer and witnessed by at least two witnesses. It is prepared on non-judicial stamp paper.

FORM 310 PAGE 1 of 6. AGREEMENT TO BUY AND SELL REAL ESTATE. RESIDENTIAL. 1. PARTIES: This legally binding Agreement entered into on ,20 between, Buyer(s), ,(hereinafter called "BUYER"), and Seller(s), ,(hereinafter called SELLER).

Yes, a South Carolina attorney will need to supervise the closing on the mortgage. For the same reasons stated above, a refinance of a home requires an attorney to oversee the closing. The mortgage will attach to the property and affect the title.

What Should I Include in a Sales Contract?Identification of the Parties.Description of the Services and/or Goods.Payment Plan.Delivery.Inspection Period.Warranties.Miscellaneous Provisions.

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More info

Broker=s authority when acting as an agent for a buyer or seller.real estate arena, all contracts for the purchase and sale of real property and most ... broker=s authority when acting as an agent for a buyer or seller.real estate arena, all contracts for the purchase and sale of real property and most ... (3) If there are no clients involved in the transaction, a real estate brokerage firm acting as a transaction broker shall complete a compensation agreement to ...Include the full names, addresses, and phone numbers for both the buyer and the seller. You can add multiple buyers or sellers if needed. 2. Associated with a licensed real estate broker in this State. (1957, c. 744, s. 1; 1969, c.any contract for the sale, lease or exchange of real estate.42 pages associated with a licensed real estate broker in this State. (1957, c. 744, s. 1; 1969, c.any contract for the sale, lease or exchange of real estate. The all too common scenario is a broker who procures a buyer, or represents a seller, of real property, completes the purchase and sale agreement, ... In this type of agency relationship, the broker does not represent either theA real estate broker negotiates agreements to sell, exchange, purchase, ... Licensed real estate broker (?Broker?) is required by state law (and Escrow Agent, if not a Broker, hereby agrees) to retain the. Earnest Money Deposit in ... These terms shall be defined as follows when used in rules andif the property is sold through the efforts of any real estate broker. This Contract is Intended to be a Binding Real Estate ContractProvisions are not intended to constitute a complete statement of, or a legally binding ...

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