Washington 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 Washington Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land is a legal document used in the state of Washington for the sale and purchase of commercial lots or land without the involvement of a broker. This contract outlines the terms and conditions agreed upon between the buyer and seller and serves as a binding agreement. This contract is specifically designed for commercial transactions, involving the buying or selling of commercial lots or land for business purposes. It is not suitable for residential or other types of real estate transactions. The key sections of the Washington Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land include: 1. Identification of Parties: This section identifies the buyer and seller, providing their legal names, addresses, and contact information. 2. Property Description: A detailed description of the commercial lot or land being sold is provided, including the address, legal description, and parcel number. This section helps ensure that both parties are clear about the specific property being bought or sold. 3. Purchase Price and Payment Terms: The agreed-upon purchase price is stated, along with the accepted forms of payment and any deposit or earnest money required. The payment terms, including the schedule and method of payments, are also outlined. 4. Contingencies: This section allows the buyer to include any contingencies or conditions that must be met for the sale to proceed. Common contingencies include obtaining financing, conducting due diligence, and obtaining necessary permits or licenses. 5. Closing and Possession: This section specifies the closing date, where and how the closing will take place, and who will be responsible for paying closing costs. It also covers possession and occupancy, including any agreements for early possession or rent-back arrangements. 6. Disclosures and Representations: Both parties are required to disclose any known material defects or issues with the property. The seller also represents that they have clear title to the property and the authority to sell it. 7. Default and Remedies: This section defines the consequences and remedies in the event of a default by either party. It may include provisions for the return or forfeiture of earnest money, mediation or arbitration procedures, and any legal fees or expenses incurred. Different types or variations of the Washington Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land may exist based on the specific requirements or circumstances of the transaction. However, the same basic provisions and clauses will typically be included to protect the interests of both the buyer and seller.

The Washington Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land is a legal document used in the state of Washington for the sale and purchase of commercial lots or land without the involvement of a broker. This contract outlines the terms and conditions agreed upon between the buyer and seller and serves as a binding agreement. This contract is specifically designed for commercial transactions, involving the buying or selling of commercial lots or land for business purposes. It is not suitable for residential or other types of real estate transactions. The key sections of the Washington Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land include: 1. Identification of Parties: This section identifies the buyer and seller, providing their legal names, addresses, and contact information. 2. Property Description: A detailed description of the commercial lot or land being sold is provided, including the address, legal description, and parcel number. This section helps ensure that both parties are clear about the specific property being bought or sold. 3. Purchase Price and Payment Terms: The agreed-upon purchase price is stated, along with the accepted forms of payment and any deposit or earnest money required. The payment terms, including the schedule and method of payments, are also outlined. 4. Contingencies: This section allows the buyer to include any contingencies or conditions that must be met for the sale to proceed. Common contingencies include obtaining financing, conducting due diligence, and obtaining necessary permits or licenses. 5. Closing and Possession: This section specifies the closing date, where and how the closing will take place, and who will be responsible for paying closing costs. It also covers possession and occupancy, including any agreements for early possession or rent-back arrangements. 6. Disclosures and Representations: Both parties are required to disclose any known material defects or issues with the property. The seller also represents that they have clear title to the property and the authority to sell it. 7. Default and Remedies: This section defines the consequences and remedies in the event of a default by either party. It may include provisions for the return or forfeiture of earnest money, mediation or arbitration procedures, and any legal fees or expenses incurred. Different types or variations of the Washington Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land may exist based on the specific requirements or circumstances of the transaction. However, the same basic provisions and clauses will typically be included to protect the interests of both the buyer and seller.