Real Estate Villas Agreement

REAL ESTATE VILLAS AGREEMENT

This Real Estate Villas Agreement (the Agreement) is entered into between the parties identified below on the Effective Date. The parties agree as follows:

PARTIES

PROPERTY IDENTIFICATION

PURCHASE TERMS

Purchase Price: $ payable as follows: Earnest Money Deposit $ to be delivered to Escrow Agent:

Escrow Deposit Deadline: within business days after mutual execution.

Financing Contingency: Buyer shall have days from Effective Date to obtain loan approval. If not satisfied or waived in writing within that period, Buyer may terminate and receive return of the Earnest Money.

Inspection Period: Buyer shall have days to perform inspections, surveys, and obtain reports. Seller shall provide access for such inspections upon reasonable notice.

Closing Date: Closing shall occur on or before unless extended by mutual written agreement.

Possession: Possession shall be delivered to Buyer on subject to other permitted tenancies and existing leases disclosed in writing.

TITLE, SURVEY, AND CLOSING

Title: At Closing, Seller shall convey marketable fee simple title by general warranty deed (or other agreed deed) free of monetary liens and encumbrances except those listed in this Agreement. Buyer or Buyer’s lender may obtain a current title commitment and policy at Buyer’s expense.

Closing Costs and Prorations: Regular real property taxes, homeowners association assessments, rents, utilities, and similar items shall be prorated as of Closing. Buyer shall pay lender-required closing costs; Seller shall pay costs necessary to cure title defects existing prior to Closing, except as otherwise agreed in writing.

INSPECTIONS AND REPRESENTATIONS

Seller Representations: Seller represents to the best of Seller’s knowledge that, except as disclosed in writing, (a) Seller is the lawful owner of the Property with authority to sell; (b) there are no undisclosed material structural defects, active building code violations, or known undisclosed environmental hazards affecting the Property.

Buyer acknowledges the right to conduct inspections and to review material reports and warranties. Buyer accepts responsibility for the cost of inspections and for timely delivery of any written notice of unsatisfactory conditions during the Inspection Period.

DISCLOSURES

Lead-Based Paint Disclosure: Yes No

Mold or Moisture Damage: Yes No

Prior Material Damage or Repair (fire, flood, structural): Yes No

RISK OF LOSS; INSURANCE

Risk of Loss: If material damage to the Property occurs between the Effective Date and Closing, Buyer may either (a) accept the Property as damaged with an equitable adjustment to Purchase Price, or (b) terminate this Agreement and receive return of Earnest Money, unless otherwise agreed in writing.

Insurance: Seller shall maintain current hazard insurance until Closing. Buyer shall obtain hazard insurance effective upon possession.

DEFAULT AND REMEDIES

Seller Remedies: If Buyer defaults, Seller may retain Earnest Money as liquidated damages or pursue actual damages and specific performance, subject to applicable law.

Buyer Remedies: If Seller defaults, Buyer may seek return of Earnest Money, specific performance, or actual damages. The parties agree that equitable relief may be sought in addition to monetary remedies.

NOTICES

MISCELLANEOUS PROVISIONS

Entire Agreement: This Agreement, including all attachments and disclosures, constitutes the entire agreement between the parties concerning the Property and supersedes all prior negotiations and representations not expressly contained herein.

Assignment: Buyer may not assign this Agreement without Seller’s prior written consent, which shall not be unreasonably withheld.

Governing Law: This Agreement shall be governed by the substantive laws of the state in which the Property is located, without regard to conflict of laws rules.

BROKERAGE AND COMMISSIONS

Brokerage Commission: The parties acknowledge any brokerage commissions and agree that commissions will be paid as follows:

ACKNOWLEDGMENTS

Each party warrants that the individual signing this Agreement is authorized to enter into this Agreement on behalf of the party named and that the party has full power and authority to perform its obligations hereunder.

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