Franklin Ohio Contract of Sale of Commercial Property with No Broker Involved

• Category: Real Estate - Contracts - Commercial
• State: Multi-State
• County: Franklin
• Control #: US-02697BG
• Format: Word; Rich Text

Description

Commercial real estate includes income producing property, such as office buildings, restaurants, shopping centers, hotels, industrial parks, warehouses, and factories. Commercial property usually must be zoned for business purposes. A person licensed to arrange the buying and selling of real estate for a fee. A real estate broker acts as an intermediary between the parties selling and buying the real estate. Real estate brokers can also be called real estate salespersons, and the people who assist them (who are generally not required to be licensed) are generally called real estate agents. The Franklin Ohio Contract of Sale of Commercial Property with No Broker Involved is a legally binding document that outlines the terms and conditions of the sale of a commercial property in Franklin, Ohio, without the involvement of a real estate broker. This contract is designed to protect both the buyer and seller and ensure a smooth transaction. Keywords: Franklin Ohio, contract of sale, commercial property, no broker involved, terms and conditions, legally binding, protect, buyer, seller, smooth transaction. There are different types of Franklin Ohio Contracts of Sale of Commercial Property with No Broker Involved, catering to specific situations: 1. Standard Contract: This type of contract is used for the sale of a commercial property without a broker, including terms and conditions that are commonly encountered in typical commercial real estate transactions. 2. Contingency Contract: In certain cases, buyers or sellers may include contingencies in the contract to protect their interests. These contingencies may include financing, inspection, or appraisal contingencies, where the sale is contingent on the successful completion of certain conditions. 3. Lease-to-Own Contract: This contract allows a buyer, who may not have immediate funds to purchase the property outright, to enter into a lease agreement with the seller with an option to buy the property at a later date. This type of contract is beneficial for buyers looking to acquire commercial property over time. 4. Cash Sale Contract: In some cases, a buyer may have the funds readily available to purchase the commercial property without the need for financing. In such cases, a cash sale contract can be used to expedite the transaction process and eliminate the need for banks or lenders. 5. As-Is Sale Contract: This type of contract states that the buyer is purchasing the property in its current condition, and the seller is not responsible for any repairs or maintenance. It is crucial for buyers to thoroughly inspect the property before entering into an as-is sale contract to avoid any potential issues. When entering into a Franklin Ohio Contract of Sale of Commercial Property with No Broker Involved, both parties should consult with legal professionals to ensure compliance with local laws and regulations. It is essential to thoroughly review and understand the terms and conditions outlined in the contract before signing to protect the interests of both the buyer and seller.

The Franklin Ohio Contract of Sale of Commercial Property with No Broker Involved is a legally binding document that outlines the terms and conditions of the sale of a commercial property in Franklin, Ohio, without the involvement of a real estate broker. This contract is designed to protect both the buyer and seller and ensure a smooth transaction. Keywords: Franklin Ohio, contract of sale, commercial property, no broker involved, terms and conditions, legally binding, protect, buyer, seller, smooth transaction. There are different types of Franklin Ohio Contracts of Sale of Commercial Property with No Broker Involved, catering to specific situations: 1. Standard Contract: This type of contract is used for the sale of a commercial property without a broker, including terms and conditions that are commonly encountered in typical commercial real estate transactions. 2. Contingency Contract: In certain cases, buyers or sellers may include contingencies in the contract to protect their interests. These contingencies may include financing, inspection, or appraisal contingencies, where the sale is contingent on the successful completion of certain conditions. 3. Lease-to-Own Contract: This contract allows a buyer, who may not have immediate funds to purchase the property outright, to enter into a lease agreement with the seller with an option to buy the property at a later date. This type of contract is beneficial for buyers looking to acquire commercial property over time. 4. Cash Sale Contract: In some cases, a buyer may have the funds readily available to purchase the commercial property without the need for financing. In such cases, a cash sale contract can be used to expedite the transaction process and eliminate the need for banks or lenders. 5. As-Is Sale Contract: This type of contract states that the buyer is purchasing the property in its current condition, and the seller is not responsible for any repairs or maintenance. It is crucial for buyers to thoroughly inspect the property before entering into an as-is sale contract to avoid any potential issues. When entering into a Franklin Ohio Contract of Sale of Commercial Property with No Broker Involved, both parties should consult with legal professionals to ensure compliance with local laws and regulations. It is essential to thoroughly review and understand the terms and conditions outlined in the contract before signing to protect the interests of both the buyer and seller.