Real Estate Asset List Form

REAL ESTATE ASSET LIST FORM

This Real Estate Asset List Form records tangible personal property, fixtures and related items that are included in or excluded from the conveyance of the real property identified below. Seller represents that the information contained herein is true and correct to the Seller's knowledge as of the signatures below. Buyer acknowledges receipt of this list and the opportunity to inspect the listed items prior to closing.

Parties and Contact Information

Property Identification

Property Address:

Parcel / APN Number:     Date of Inventory Prepared:

Asset Inventory (List each item; attach additional sheets if necessary)

Instructions: For each listed asset identify make/model/serial, its location on the property, whether the asset remains with the property at closing, its condition and any known encumbrances or service contract status.

Disclosures Regarding Listed Assets

Lead-Based Paint: Present? Yes    No

Known Asbestos: Present? Yes    No

Mold or Water Intrusion History: Yes    No

Termite or Pest Treatment within Past Five Years: Yes    No

Financial Allocation and Value

Total Stated Value of Listed Assets: $     Allocation of Purchase Price to Personal Property: $

Representations, Warranties and Remedies

Seller represents and warrants that (a) Seller is the lawful owner of all assets listed on this form or has the authority to convey them; (b) except as expressly disclosed in this form, the assets are free of liens, security interests and encumbrances; and (c) to Seller's knowledge, the information set forth is true and correct. Seller further warrants that any service contracts or transferable warranties listed will be transferred at closing if transferrable under their terms.

Buyer acknowledges that Buyer has had the opportunity to inspect the listed items and accepts the assets in their present condition except as otherwise expressly stated herein. In the event of a material misrepresentation regarding ownership or undisclosed liens on the assets, the non-breaching party's remedies shall include specific performance, rescission, indemnification for damages and attorney's fees as provided under applicable law.

Default; Indemnification

If Seller fails to deliver assets described as included at closing, Seller shall be liable to Buyer for replacement, repair or monetary damages. Buyer shall indemnify and hold Seller harmless for any claims arising from Buyer's post-closing possession, misuse or removal of assets not included herein.

Governing Law; Entire Agreement

This Asset List shall be governed by the laws of the jurisdiction in which the Property is located. This form, together with any incorporated purchase agreement, constitutes the entire agreement between the parties with respect to the included assets and supersedes prior oral or written statements concerning the assets.

Execution and Acknowledgment

By signing below, Seller certifies the accuracy of the information contained herein to Seller's knowledge and Buyer acknowledges receipt and acceptance of this Asset List subject to the terms stated above.

Sign Now