Franklin Ohio Sample Letter for Agreement for the Purchase and Sale of Property

• Category: Letters - Legal - Property
• State: Multi-State
• County: Franklin
• Control #: US-0187LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Sample Letter for Agreement for the Purchase and Sale of Property in Franklin, Ohio Dear [Buyer/Seller's Name], Re: Agreement for the Purchase and Sale of Property in Franklin, Ohio I am writing to propose an agreement for the purchase and sale of a property located in Franklin, Ohio. This letter outlines the terms and conditions of our mutual agreement and serves as a binding contract between the parties involved. Property Details: Address: [Insert Property Address] Legal Description: [Insert Legal Description] Buyer’s Name: [Insert Buyer's Name] Seller’s Name: [Insert Seller's Name] Purchase Price: [Insert Agreed Purchase Price] Deposit Amount: [Insert Deposit Amount] Closing Date: [Insert Agreed Closing Date] You, the Buyer, agree to purchase the above-mentioned property from the Seller, subject to the following terms and conditions: 1. Inspection Contingency: The Buyer shall have the right to inspect the property within [Insert Number of Days] days from the effective date of this agreement. If the Buyer is not satisfied with the inspection results and notifies the Seller in writing during this period, this agreement shall become null and void, and the earnest money deposit shall be promptly returned to the Buyer. 2. Financing Contingency: This agreement is contingent upon the Buyer securing satisfactory financing for the purchase of the property within [Insert Number of Days] days from the effective date. If the Buyer is unable to obtain financing and notifies the Seller in writing before the expiration of this period, this agreement shall become null and void, and the earnest money deposit shall be promptly returned to the Buyer. 3. Title and Escrow: The Seller agrees to provide a clear and marketable title to the property at the closing. The Buyer shall have the right to review the title commitment and resolve any issues before the closing date. The closing of this transaction shall occur at a mutually agreed-upon title company in Franklin, Ohio. 4. Taxes and Prorations: Real estate property taxes and other applicable prorations shall be adjusted and apportioned between the parties as of the closing date. The Buyer and Seller shall be responsible for their respective portions of taxes and assessments. 5. Contingencies: This agreement is contingent upon the Buyer's satisfactory review of any additional disclosures, reports, or documents related to the property, including but not limited to, survey reports, environmental reports, homeowners association documents, easements, and restrictions. Please note that this is a general sample agreement for the purchase and sale of property in Franklin, Ohio. It is highly recommended that you seek legal advice and customize the terms of this agreement to fit your specific situation and requirements. We look forward to progressing with this transaction and request that both parties sign this agreement to indicate their acceptance and understanding of the terms and conditions herein. Yours sincerely, [Your Name] [Your Title/Position] [Your Contact Information] Keywords: Franklin Ohio, Sample Letter for Agreement for the Purchase and Sale of Property, Franklin Ohio property purchase agreement, Franklin Ohio real estate agreement, Franklin Ohio property sale contract, Franklin Ohio property transaction letter.

Sample Letter for Agreement for the Purchase and Sale of Property in Franklin, Ohio Dear [Buyer/Seller's Name], Re: Agreement for the Purchase and Sale of Property in Franklin, Ohio I am writing to propose an agreement for the purchase and sale of a property located in Franklin, Ohio. This letter outlines the terms and conditions of our mutual agreement and serves as a binding contract between the parties involved. Property Details: Address: [Insert Property Address] Legal Description: [Insert Legal Description] Buyer’s Name: [Insert Buyer's Name] Seller’s Name: [Insert Seller's Name] Purchase Price: [Insert Agreed Purchase Price] Deposit Amount: [Insert Deposit Amount] Closing Date: [Insert Agreed Closing Date] You, the Buyer, agree to purchase the above-mentioned property from the Seller, subject to the following terms and conditions: 1. Inspection Contingency: The Buyer shall have the right to inspect the property within [Insert Number of Days] days from the effective date of this agreement. If the Buyer is not satisfied with the inspection results and notifies the Seller in writing during this period, this agreement shall become null and void, and the earnest money deposit shall be promptly returned to the Buyer. 2. Financing Contingency: This agreement is contingent upon the Buyer securing satisfactory financing for the purchase of the property within [Insert Number of Days] days from the effective date. If the Buyer is unable to obtain financing and notifies the Seller in writing before the expiration of this period, this agreement shall become null and void, and the earnest money deposit shall be promptly returned to the Buyer. 3. Title and Escrow: The Seller agrees to provide a clear and marketable title to the property at the closing. The Buyer shall have the right to review the title commitment and resolve any issues before the closing date. The closing of this transaction shall occur at a mutually agreed-upon title company in Franklin, Ohio. 4. Taxes and Prorations: Real estate property taxes and other applicable prorations shall be adjusted and apportioned between the parties as of the closing date. The Buyer and Seller shall be responsible for their respective portions of taxes and assessments. 5. Contingencies: This agreement is contingent upon the Buyer's satisfactory review of any additional disclosures, reports, or documents related to the property, including but not limited to, survey reports, environmental reports, homeowners association documents, easements, and restrictions. Please note that this is a general sample agreement for the purchase and sale of property in Franklin, Ohio. It is highly recommended that you seek legal advice and customize the terms of this agreement to fit your specific situation and requirements. We look forward to progressing with this transaction and request that both parties sign this agreement to indicate their acceptance and understanding of the terms and conditions herein. Yours sincerely, [Your Name] [Your Title/Position] [Your Contact Information] Keywords: Franklin Ohio, Sample Letter for Agreement for the Purchase and Sale of Property, Franklin Ohio property purchase agreement, Franklin Ohio real estate agreement, Franklin Ohio property sale contract, Franklin Ohio property transaction letter.