Wisconsin 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 Wisconsin Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land is a legal document that facilitates the sale and purchase of commercial properties, specifically lots or land, in Wisconsin. This contract is designed for transactions that do not involve the services of a real estate broker. The contract outlines the terms and conditions agreed upon by the buyer and the seller, ensuring that both parties are protected and aware of their rights and obligations. It encompasses various aspects of the property transaction, including the purchase price, payment terms, contingencies, and closing procedures. Key elements included in the Wisconsin Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land encompass the following: 1. Parties: The contract clearly identifies the parties involved, namely the buyer and the seller. The legal names and contact information of both parties are included, ensuring accurate representation. 2. Purchase Price: This section specifies the agreed-upon purchase price for the commercial lot or land. The payment terms, which may include a down payment, financing options, and the timeline for payment completion, are also outlined. 3. Contingencies: The contract may include contingencies that protect both the buyer and the seller. These may involve property inspections, environmental assessments, zoning approvals, or any other conditions that must be fulfilled before the sale can proceed. 4. Closing Procedures: The contract details the procedures for the closing of the sale, including the timeframe for completing the transaction, the responsibilities of both parties during the closing process, and the distribution of certain costs (such as closing costs, title insurance, and transfer taxes). 5. Representations and Warranties: This section covers any assurances made by the seller regarding the property, such as the absence of liens, encumbrances, or legal disputes. The buyer may request specific warranties or disclosures from the seller to protect their interests. 6. Default and Remedies: The contract should outline the consequences of default by either party, including the potential legal remedies available to the non-defaulting party. This ensures that both parties are aware of the potential consequences if the agreement is not upheld. It is important to note that there may be variations or different versions of the Wisconsin Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land, depending on factors such as specific county requirements or other legal considerations. However, the general structure and content of the contract should encompass the aforementioned key elements.

The Wisconsin Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land is a legal document that facilitates the sale and purchase of commercial properties, specifically lots or land, in Wisconsin. This contract is designed for transactions that do not involve the services of a real estate broker. The contract outlines the terms and conditions agreed upon by the buyer and the seller, ensuring that both parties are protected and aware of their rights and obligations. It encompasses various aspects of the property transaction, including the purchase price, payment terms, contingencies, and closing procedures. Key elements included in the Wisconsin Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land encompass the following: 1. Parties: The contract clearly identifies the parties involved, namely the buyer and the seller. The legal names and contact information of both parties are included, ensuring accurate representation. 2. Purchase Price: This section specifies the agreed-upon purchase price for the commercial lot or land. The payment terms, which may include a down payment, financing options, and the timeline for payment completion, are also outlined. 3. Contingencies: The contract may include contingencies that protect both the buyer and the seller. These may involve property inspections, environmental assessments, zoning approvals, or any other conditions that must be fulfilled before the sale can proceed. 4. Closing Procedures: The contract details the procedures for the closing of the sale, including the timeframe for completing the transaction, the responsibilities of both parties during the closing process, and the distribution of certain costs (such as closing costs, title insurance, and transfer taxes). 5. Representations and Warranties: This section covers any assurances made by the seller regarding the property, such as the absence of liens, encumbrances, or legal disputes. The buyer may request specific warranties or disclosures from the seller to protect their interests. 6. Default and Remedies: The contract should outline the consequences of default by either party, including the potential legal remedies available to the non-defaulting party. This ensures that both parties are aware of the potential consequences if the agreement is not upheld. It is important to note that there may be variations or different versions of the Wisconsin Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land, depending on factors such as specific county requirements or other legal considerations. However, the general structure and content of the contract should encompass the aforementioned key elements.