Real Estate Corporation Document

REAL ESTATE CORPORATION PURCHASE AGREEMENT

This Real Estate Purchase Agreement (the Agreement) is entered into as of by and between the parties set forth below. Seller is a corporation executing by authorized officer pursuant to corporate authority, and Buyer is the acquiring party identified below. The parties agree as follows.

Parties

Property Identification

Purchase Price and Payment

Purchase Price: $ payable in lawful funds at Closing as defined herein.

Earnest Money: $ to be deposited with Escrow Holder:

Financing Contingency: Buyer shall have a financing contingency for days after Effective Date to obtain loan approval.

Inspection Period: Buyer shall have days from Effective Date to complete inspections and deliver written notice of objections.

Closing Date: Closing shall occur on or before unless extended in writing by the parties.

Possession: Possession shall be delivered to Buyer on subject to tenants and rights of third parties as disclosed in writing.

Title, Survey and Closing Costs

Seller shall convey marketable fee simple title by general warranty deed, subject only to title exceptions agreed in writing. Buyer may obtain a survey at Buyer's expense. Title and escrow charges shall be allocated as follows unless otherwise agreed in writing: Seller pays for statutory deed preparation and conveyance tax; Buyer pays title insurance premium and recording fees.

Disclosures

Seller discloses the following conditions (check applicable box):
Lead-based paint known No lead-based paint known
Mold or water intrusion known No mold or water intrusion known
Prior structural damage or repairs No prior structural damage
Located in special flood hazard area Not located in special flood hazard area

Representations and Warranties

Seller represents and warrants that: (a) Seller is a corporation duly organized and in good standing under the laws of its jurisdiction and has full power and authority to sell the Property; (b) no pending litigation or judgments materially affecting the Property exist except as disclosed in writing; and (c) to Seller's knowledge, there are no material environmental conditions affecting the Property other than those disclosed.

Buyer represents that Buyer has the authority to enter this Agreement and has reviewed all material documents materially affecting Buyer's decision to purchase.

Default and Remedies

If Buyer fails to complete the purchase without legal justification, Seller may retain the Earnest Money as liquidated damages or pursue specific performance and damages. If Seller fails to convey marketable title at Closing, Buyer may obtain specific performance, damages, or terminate this Agreement and receive return of Earnest Money. The parties acknowledge these remedies are cumulative, and the prevailing party in any action to enforce this Agreement shall be entitled to recover reasonable attorneys' fees and costs.

Prorations and Adjustments

Real property taxes, assessments, utilities, rents, and other adjustments shall be prorated as of the Closing Date. Seller shall deliver any rent rolls and lease copies at Closing. All prorations shall be final at Closing except for clerical errors or manifest mistakes.

Notices

Miscellaneous Provisions

Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the state where the Property is located without regard to conflicts of law principles.

Entire Agreement: This Agreement, including all exhibits and written amendments executed by the parties, constitutes the entire agreement between the parties with respect to the transaction and supersedes all prior negotiations and agreements, whether written or oral.

Amendment: Any amendment or modification of this Agreement must be in writing and signed by both parties.

Authority: The undersigned Seller officer certifies that the corporation has duly authorized this transaction and that the officer signing below has authority to execute this Agreement on behalf of the Seller.

Sign Now