Houston Texas Sample Purchase and Sale Agreement between Shopco Malls, LP and Barker Pacific Group, Inc.

• Category: Corporations - Public - Purchase
• State: Multi-State
• City: Houston
• Control #: US-EG-9174
• Format: Word; Rich Text

Description

Purchase and Sale Agreement between Shopco Malls, LP and Barker Pacific Group, Inc. dated September, 1999. 45 pages Title: Houston Texas Sample Purchase and Sale Agreement: Shop co Malls, LP and Barker Pacific Group, Inc. Introduction: In this article, we will provide a detailed description of a Houston, Texas Sample Purchase and Sale Agreement between Shop co Malls, LP and Barker Pacific Group, Inc. As this agreement template caters to the specific geographic location and parties involved, we will highlight its key components, terms, and conditions. 1. Agreement Overview: The Houston Texas Sample Purchase and Sale Agreement between Shop co Malls, LP and Barker Pacific Group, Inc. aims to facilitate the purchase and sale of commercial real estate properties within the dynamic Houston market. This legally binding agreement outlines the rights, obligations, and responsibilities of both parties throughout the transaction process. It encompasses the terms and conditions for the transfer of ownership and the details of the property involved. 2. Parties Involved: The agreement involves two main parties — Shopco Malls, LP (the seller) and Barker Pacific Group, Inc. (the purchaser). Shop co Malls, LP is a well-established entity engaged in the commercial real estate sector, while Barker Pacific Group, Inc. is a reputable real estate investment and development company. 3. Property Description: The agreement includes a detailed description of the property to be sold. It covers specifications such as the property address, legal description, boundaries, and any associated fixtures, improvements, or personal property. Precise identification of the property ensures clarity and avoids confusion during the transaction. 4. Purchase Price and Payment Terms: The agreement outlines the agreed-upon purchase price for the property and specifies the currency and payment terms. It may also contain provisions for earnest money deposits, down payments, and the final closing amount. Clear payment terms ensure transparency and protect the interests of both the buyer and seller. 5. Title Examination: The agreement typically includes a provision for the buyer to conduct a title examination to verify the property's ownership and legal status. It may also address any encumbrances, liens, or claims on the property. This provision ensures that the buyer obtains a clear and marketable title. 6. Closing Conditions: The agreement details the conditions that must be met before the closing can occur. These conditions may include obtaining necessary approvals, permits, or clearances, satisfying any outstanding contingencies, or securing financing. Clear closing conditions reduce uncertainties and facilitate a smooth transaction process. 7. Representations and Warranties: This section addresses the representations and warranties provided by both parties. It typically covers the property's condition, legal compliance, and any disclosures or material defects. Both buyer and seller must truthfully disclose any pertinent information to protect the integrity of the agreement. 8. Indemnification and Liability: The agreement may include provisions regarding indemnification, wherein one party agrees to protect the other from any claims, damages, or liabilities arising from the transaction. These clauses ensure that both parties are adequately protected against unforeseen circumstances or potential disputes. Different Types of Houston Texas Sample Purchase and Sale Agreements between Shop co Malls, LP and Barker Pacific Group, Inc.: There may be various types of agreements within this category, such as: a) Houston Texas Sample Purchase and Sale Agreement for Retail Properties b) Houston Texas Sample Purchase and Sale Agreement for Office Buildings c) Houston Texas Sample Purchase and Sale Agreement for Industrial Properties Conclusion: The Houston Texas Sample Purchase and Sale Agreement between Shop co Malls, LP and Barker Pacific Group, Inc. represents a legally binding document aiming to facilitate the smooth and transparent transfer of commercial real estate properties in Houston, Texas. By adequately addressing key elements mentioned above, this agreement ensures clarity, protection of rights, and a framework for a successful buyer-seller transaction.

Title: Houston Texas Sample Purchase and Sale Agreement: Shop co Malls, LP and Barker Pacific Group, Inc. Introduction: In this article, we will provide a detailed description of a Houston, Texas Sample Purchase and Sale Agreement between Shop co Malls, LP and Barker Pacific Group, Inc. As this agreement template caters to the specific geographic location and parties involved, we will highlight its key components, terms, and conditions. 1. Agreement Overview: The Houston Texas Sample Purchase and Sale Agreement between Shop co Malls, LP and Barker Pacific Group, Inc. aims to facilitate the purchase and sale of commercial real estate properties within the dynamic Houston market. This legally binding agreement outlines the rights, obligations, and responsibilities of both parties throughout the transaction process. It encompasses the terms and conditions for the transfer of ownership and the details of the property involved. 2. Parties Involved: The agreement involves two main parties — Shopco Malls, LP (the seller) and Barker Pacific Group, Inc. (the purchaser). Shop co Malls, LP is a well-established entity engaged in the commercial real estate sector, while Barker Pacific Group, Inc. is a reputable real estate investment and development company. 3. Property Description: The agreement includes a detailed description of the property to be sold. It covers specifications such as the property address, legal description, boundaries, and any associated fixtures, improvements, or personal property. Precise identification of the property ensures clarity and avoids confusion during the transaction. 4. Purchase Price and Payment Terms: The agreement outlines the agreed-upon purchase price for the property and specifies the currency and payment terms. It may also contain provisions for earnest money deposits, down payments, and the final closing amount. Clear payment terms ensure transparency and protect the interests of both the buyer and seller. 5. Title Examination: The agreement typically includes a provision for the buyer to conduct a title examination to verify the property's ownership and legal status. It may also address any encumbrances, liens, or claims on the property. This provision ensures that the buyer obtains a clear and marketable title. 6. Closing Conditions: The agreement details the conditions that must be met before the closing can occur. These conditions may include obtaining necessary approvals, permits, or clearances, satisfying any outstanding contingencies, or securing financing. Clear closing conditions reduce uncertainties and facilitate a smooth transaction process. 7. Representations and Warranties: This section addresses the representations and warranties provided by both parties. It typically covers the property's condition, legal compliance, and any disclosures or material defects. Both buyer and seller must truthfully disclose any pertinent information to protect the integrity of the agreement. 8. Indemnification and Liability: The agreement may include provisions regarding indemnification, wherein one party agrees to protect the other from any claims, damages, or liabilities arising from the transaction. These clauses ensure that both parties are adequately protected against unforeseen circumstances or potential disputes. Different Types of Houston Texas Sample Purchase and Sale Agreements between Shop co Malls, LP and Barker Pacific Group, Inc.: There may be various types of agreements within this category, such as: a) Houston Texas Sample Purchase and Sale Agreement for Retail Properties b) Houston Texas Sample Purchase and Sale Agreement for Office Buildings c) Houston Texas Sample Purchase and Sale Agreement for Industrial Properties Conclusion: The Houston Texas Sample Purchase and Sale Agreement between Shop co Malls, LP and Barker Pacific Group, Inc. represents a legally binding document aiming to facilitate the smooth and transparent transfer of commercial real estate properties in Houston, Texas. By adequately addressing key elements mentioned above, this agreement ensures clarity, protection of rights, and a framework for a successful buyer-seller transaction.