Fulton Georgia Contract of Sale of Commercial Property with No Broker Involved

• Category: Real Estate - Contracts - Commercial
• State: Multi-State
• County: Fulton
• 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. A Fulton Georgia Contract of Sale of Commercial Property with No Broker Involved is a legal agreement that outlines the terms and conditions of the sale of a commercial property in Fulton County, Georgia. This contract is specifically designed for situations where no real estate broker is involved in the transaction. The contract typically covers essential aspects such as the identity of the buyer and seller, a detailed description of the property being sold, the purchase price, and the terms of payment. It also covers the responsibilities of both parties, the closing date, and any contingencies that need to be addressed before the sale can be completed. There may be different types of Fulton Georgia Contracts of Sale of Commercial Property with No Broker Involved, depending on the specific requirements of the parties involved. Some common variations include: 1. Standard Contract of Sale: This is the most commonly used contract in Fulton County. It includes all the necessary provisions and clauses to ensure a smooth and legally binding sale of the commercial property. 2. As-Is Contract of Sale: In this type of contract, the property is sold in its current condition, and the seller is exempted from any obligations to make repairs or improvements. The buyer agrees to accept the property "as-is" without any warranties or guarantees. 3. Installment Contract of Sale: This type of contract allows the buyer to make payments in installments over a specific period instead of paying the full purchase price upfront. The contract will outline the terms and conditions of the installment payments and any penalties for non-payment. 4. Lease with the Option to Purchase Contract: In certain cases, the buyer may prefer to lease the commercial property with an option to purchase it in the future. This type of contract allows the buyer to lease the property for a specified period, during which they have the right to buy it at a predetermined price. It is important to note that a Fulton Georgia Contract of Sale of Commercial Property with No Broker Involved should be drafted or reviewed by an experienced real estate attorney to ensure compliance with Georgia laws and to protect the rights and interests of both the buyer and seller.

A Fulton Georgia Contract of Sale of Commercial Property with No Broker Involved is a legal agreement that outlines the terms and conditions of the sale of a commercial property in Fulton County, Georgia. This contract is specifically designed for situations where no real estate broker is involved in the transaction. The contract typically covers essential aspects such as the identity of the buyer and seller, a detailed description of the property being sold, the purchase price, and the terms of payment. It also covers the responsibilities of both parties, the closing date, and any contingencies that need to be addressed before the sale can be completed. There may be different types of Fulton Georgia Contracts of Sale of Commercial Property with No Broker Involved, depending on the specific requirements of the parties involved. Some common variations include: 1. Standard Contract of Sale: This is the most commonly used contract in Fulton County. It includes all the necessary provisions and clauses to ensure a smooth and legally binding sale of the commercial property. 2. As-Is Contract of Sale: In this type of contract, the property is sold in its current condition, and the seller is exempted from any obligations to make repairs or improvements. The buyer agrees to accept the property "as-is" without any warranties or guarantees. 3. Installment Contract of Sale: This type of contract allows the buyer to make payments in installments over a specific period instead of paying the full purchase price upfront. The contract will outline the terms and conditions of the installment payments and any penalties for non-payment. 4. Lease with the Option to Purchase Contract: In certain cases, the buyer may prefer to lease the commercial property with an option to purchase it in the future. This type of contract allows the buyer to lease the property for a specified period, during which they have the right to buy it at a predetermined price. It is important to note that a Fulton Georgia Contract of Sale of Commercial Property with No Broker Involved should be drafted or reviewed by an experienced real estate attorney to ensure compliance with Georgia laws and to protect the rights and interests of both the buyer and seller.