Seller Representations Clauses: Contract for Real Property

• Category: Contracts - Clauses
• State: Multi-State
• Control #: US-C-CL-540-1
• Format: Word; Rich Text

Description

A clause dictates the conditions under which the contract is legally enforceable and determines the terms of the contract. Contracts often contain boilerplate clauses or standard clauses found across most contracts. These standard clauses do not require a lot of negotiation. Included is a Sample Seller Representations Clauses for a Contract for Real Property. When making a representation, the seller is verifying that the information provided is true and correct. It is an official statement upon which the purchaser can legally rely to enter into the purchase and sale agreement. Indemnification for the purchaser.

Seller Representations Clauses: Contract for Real Property are clauses that are included in real estate contracts between buyers and sellers. These clauses require the seller to make certain representations about the property and are typically used to protect the buyer from misrepresentations and undisclosed conditions of the property. The types of Seller Representations Clauses: Contract for Real Property can include representations about title, legal description, zoning regulations, environmental conditions, liens, and other relevant conditions of the property. They also may include representations about past and current occupancy, disclosures of any known defects or issues, and warranties of the condition of the property. Additionally, Seller Representations Clauses: Contract for Real Property often include indemnification clauses that allow the buyer to seek compensation from the seller if any of the representations turn out to be false.