Real Estate Purchase Ashwood Condos

REAL ESTATE PURCHASE AGREEMENT — ASHWOOD CONDOS

Parties

This Real Estate Purchase Agreement (Agreement) is entered into by and between the following contracting parties for the purchase and sale of the condominium identified below.

Property Identification

Property Address: Unit/Condo No.:

Purchase Terms

Purchase Price: $ payable as set forth below.

Deposit to Escrow Holder: to be delivered by Buyer no later than .

Financing Contingency: This Agreement is contingent upon Buyer obtaining financing within days of mutual execution. Buyer shall provide lender pre-approval and a good faith loan application as required.

Inspection Period: Buyer shall have days from acceptance to complete inspections. Seller shall permit reasonable access. Buyer shall deliver written notice of unsatisfied objections within the inspection period.

Homeowners Association (HOA)

HOA/Condo Association Name:

HOA Documents Provided: Yes No If not provided within days after acceptance, Buyer may terminate.

Special Assessments Known to Seller: Yes No If yes, describe:

Disclosures

Lead-Based Paint Disclosure (if applicable): Yes No

Mold or Water Intrusion Previously Reported: Yes No If yes, attach explanation:

Material Structural or Fire Damage Previously Repaired: Yes No If yes, describe repairs:

Closing and Title

Closing Date: at or before 5:00 p.m., unless otherwise agreed in writing.

Closing Location or Escrow Company:

Title Insurance: Seller shall deliver marketable title subject only to permitted encumbrances and HOA covenants. Buyer shall pay for lender's title policy; parties shall allocate closing costs as follows:

Prorations: Real property taxes, HOA dues, utilities and rents shall be prorated as of Closing. Buyer shall be responsible for payments thereafter unless otherwise stated.

Default and Remedies

If Buyer fails to timely perform, Seller may retain earnest money as liquidated damages, pursue specific performance, or seek other remedies permitted by law. If Seller fails to convey title or breaches this Agreement, Buyer may seek specific performance or terminate and recover earnest money and actual damages.

Representations & Warranties

Seller represents that Seller is the lawful owner with authority to sell, that no undisclosed material defects are known to Seller, and that all statements in Seller's disclosures are true and complete to Seller's knowledge. Buyer acknowledges reliance on inspections and investigations during the inspection period.

Notices

All notices under this Agreement shall be in writing and delivered to the addresses provided in the Parties section or to alternate addresses provided in writing. Notices are effective upon personal delivery, electronic delivery with confirmation, or three business days after deposit in the United States mail, postage prepaid, certified or registered.

Miscellaneous

Governing Law: This Agreement shall be governed by the laws of the state in which the Property is located: .

Entire Agreement: This Agreement, including attachments and exhibits executed by the parties, constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements. Any amendment must be in writing and signed by both parties.

Assignment: Neither party may assign this Agreement without the prior written consent of the other, except that Buyer may assign to an affiliate or lender for financing purposes provided Buyer remains ultimately liable.

Survival: Representations, warranties, and covenants that by their terms survive Closing shall remain in effect for the period specified or, if no period is specified, for two years from Closing.

Acknowledgment and Certification

Each party certifies that the party has read and understands this Agreement, has had the opportunity to obtain independent legal advice, and is authorized to execute this Agreement. The parties acknowledge that electronic signatures and delivery of executed counterparts by electronic transmission shall be valid and binding.

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