Date: [Insert Date] Washington Sample Purchase and Sale Agreement This Washington Sample Purchase and Sale Agreement ("Agreement") is entered into between Shop co Malls, LP ("Seller") and Barker Pacific Group, Inc. ("Buyer") on [Insert Date]. This Agreement outlines the terms and conditions for the sale and purchase of a commercial property located in Washington. Key Keywords: Washington, Sample Purchase and Sale Agreement, Shop co Malls, LP, Barker Pacific Group, Inc. 1. Property Description: The commercial property subject to this Agreement is located at [Insert Property Address]. The property consists of [Insert Description of Property, such as size, type of building, etc.]. It is situated in [Insert City], [Insert County], Washington. 2. Purchase Price and Terms: The agreed-upon purchase price for the property is [Insert Purchase Price] payable by Buyer to Seller in the following manner: [Insert Payment Terms, such as lump sum, installments, etc.]. Additional terms related to the payment, such as deposit details and financing, shall be outlined in Exhibit A. 3. Due Diligence Period: Buyer shall have a Due Diligence Period of [Insert Duration] starting from the Effective Date to inspect and evaluate the property's condition, including its financial, legal, and physical aspects. Buyer may choose to terminate this Agreement within this period if the property's condition does not meet their requirements. 4. Closing Date and Escrow: The closing of this transaction shall occur on [Insert Closing Date]. The closing process will take place at a mutually agreed-upon title/escrow company in accordance with Washington state regulations. The parties shall deposit the necessary funds and complete all required documentation to ensure a smooth and lawful transfer of ownership. 5. Seller's Representations and Warranties: Seller represents and warrants that they are the lawful owner of the property and have the sole authority to sell it. They further confirm that the property is free from any liens, encumbrances, legal disputes, or claims. 6. Buyer's Representations and Warranties: Buyer acknowledges that they have conducted their own due diligence and are aware of the property's condition, limitations, and potential risks. They confirm their ability to finance the purchase and comply with all relevant laws and regulations. Types of Washington Sample Purchase and Sale Agreements between Shop co Malls, LP and Barker Pacific Group, Inc.: 1. Retail Property Purchase and Sale Agreement: This type of agreement is specific to the purchase and sale of retail properties, such as shopping centers, malls, or standalone retail stores. 2. Office Property Purchase and Sale Agreement: This agreement caters to the sale and purchase of commercial office spaces, including office buildings, suites, or complexes. Note: The specific types of Purchase and Sale Agreements may vary based on the nature of the commercial properties involved. In conclusion, this Washington Sample Purchase and Sale Agreement serves as a legally binding contract between Seller and Buyer. It outlines the terms, obligations, and conditions for the successful sale and purchase of commercial property in Washington, ensuring a transparent and fair transaction for both parties.
Washington Sample Purchase and Sale Agreement between Shopco Malls, LP and Barker Pacific Group, Inc.
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