Can this agreement be signed electronically?

Yes. Electronic signatures are valid under the federal ESIGN Act (15 U.S.C. ch. 96) and UETA where adopted, provided intent, consent, attribution, and record retention are satisfied.

Is notarization required for the deed in Rhode Island?

A notary acknowledgment is required for deeds to be recorded in most jurisdictions; confirm notary and any local registry rules with the title company.

Who must sign on behalf of an entity seller?

An authorized corporate officer or an individual with authority under the entity’s formation documents must sign; include printed name and title and attach evidence of authority if necessary.

How do I correct a mistake after signing?

Minor clerical errors often require an addendum or corrected deed; substantive changes typically require both parties’ written consent and reexecution of affected documents.

When should the deed be recorded?

The deed is normally recorded immediately after closing; recording order affects priority of liens and should be coordinated by the title or closing agent.

How long should I keep the executed agreement?

Retain closing documents at least 3 years for tax purposes and commonly 7 years for real estate matters; HIPAA and industry rules may require longer retention.

Electronic Signature
Templates
Sales
Rhode Island Purchase and Sales Agreement

Rhode Island Purchase and Sales Agreement

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

LAND PURCHASE AND SALES AGREEMENT

1. SALES AGREEMENT (“Agreement”) made between

(“Seller”)

whose mailing address is Zip code

and (“Buyer”)

whose mailing address is Zip code

Seller agrees to SELL and Buyer to BUY, upon the price and terms below, the following property (the “Property”):

Property Address

Assessor’s Plat Lot Block

in the City/Town of State of Rhode Island, Zip code

2. Date of this Agreement: The Date of this Agreement shall be the later of: (a) the date on which Buyer signs this Agreement, or (b) the date on which Seller signs this Agreement.

Agreement date

3. Purchase Price: Buyer agrees to pay Seller a Purchase Price for the Property in the amount of

Dollars (“Purchase Price”) of which $ has been paid as a deposit.

$ Additional deposit to be paid on or before

$ Balance due at closing by cash, certified check, wire transfer and/or bank check.

$ TOTAL PURCHASE PRICE.

4. Closing Date/Place: Closing is to be held on at 10:00 A.M. at the office of the Registry of Deeds or at such other time and place as may be agreed to by Buyer and Seller.

5. Deposits: All deposits shall be held in an escrow account by the Listing Brokerage Firm named in Section 18 unless mutually agreed otherwise in writing by Buyer and Seller, and applied to the Purchase Price, except as otherwise provided.

6. Waiver of Mortgage Contingency: If initialed by Buyer, this Agreement is not contingent upon financing and Section 7 of this Agreement shall not apply. (Initials of Buyer)

7. Mortgage Contingency: This Agreement is subject to Buyer obtaining a commitment letter issued by an institutional mortgage lender or mortgage broker on or before under the following terms:

an amount not to exceed $ at an initial rate of interest not to exceed % per year, for a term of at least years, with a maximum of points.

8. Title and Deed:

(a) Seller shall convey Property by a deed conveying a good, clear, insurable, and marketable title to the Property.

9. Taxes, Adjustments, Other Assessments:

(c) Assessments: At closing, Seller shall pay installments due during the municipal years prior to the year in which the deed is delivered; the installments due in that year shall be prorated in the same manner as above provided for taxes, and

Seller shall pay the balance of the assessment in full or Buyer shall pay the balance of the assessment in full or assume the balance of the assessment where permitted by law.

Seller certifies that as of the date of this Agreement, there are no outstanding assessments of the type described in this subsection.

10. Additional Obligations:

(b) Non-Resident Withholding Requirement: If Seller is not a resident of the State of Rhode Island or will not be a resident at the time of the closing, Buyer must withhold six (6%) percent of Seller’s net proceeds (9% if Seller is a corporation).

11. Possession and Condition of Property: Seller shall deliver to Buyer at closing full possession of the Property free and clear of refuse and personal possessions except as agreed below.

EXCEPTIONS:

12. Receipt and Acknowledgment of RI Disclosure Forms: Buyer acknowledges that Buyer has received the following forms (Initial all that apply)

Rhode Island Real Estate Sales Disclosure Form prepared by Seller

Mandatory Real Estate Relationship Disclosure

Seller’s Lead Disclosure which is incorporated in this Agreement by reference

Pamphlet “Protect Your Family from Lead in Your Home” that includes R.I. section “What You Should Know About the RI Lead Law”

13. Land Issues: (Initial, if applicable)

(a) Sewer: Buyer understands that a public/private sewer system is available to the Property.

(b) OWTS Approval: Seller agrees to provide Buyer with a copy of the same within calendar days after Date of this Agreement.

(e) Survey: Within calendar days after the Date of this Agreement, the Property shall be surveyed at the expense of Buyer Seller.

(f) Other (please specify)

14. Buyer’s Rights: Inspections and notices of state inspections.

15. Waiver of Inspections Contingency: (Initial all that apply)

Buyer waives all rights to inspections pursuant to Section 16

Buyer waives Buyer’s 10-day right to test/inspect for the presence of lead

16. Inspections Contingency:

Inspection Contingency Deadline

(d) Inspections/Tests/Approvals to Be Obtained:

Ground Water Yes No Deadline Paid by Buyer Seller

Percolation Yes No Deadline Paid by Buyer Seller

Onsite Wastewater Treatment System Design Yes No Deadline Paid by Buyer Seller

Wetlands Yes No Deadline Paid by Buyer Seller

18. Notices:

Seller(s)

Name(s):

Mailing Address:

Fax:

E-mail:

Buyer(s)

Name(s):

Mailing Address:

Fax:

E-mail:

Listing Brokerage Firm

Name of Licensee:

Licensee’s RI License #:

Status:

Designated Seller Representative

Transaction Facilitator

Dual Facilitator

Brokerage Firm Name:

Mailing Address:

Fax:

E-mail:

Telephone:

Cooperating Brokerage Firm

Name of Licensee:

Licensee’s RI License #:

Status:

Designated Buyer Representative

Transaction Facilitator

Brokerage Firm Name:

Mailing Address:

Fax:

E-mail:

Telephone:

19. Default: Upon default by Buyer, Seller shall have the right to the Deposits in accordance with Section 5.

20. Assignment: This Agreement may be assigned by either party without written consent of the other.

21. Accurate Disclosure of Selling Price: Buyer and Seller certify that this Agreement accurately reflects the gross sales price.

22. The following Addendum/Addenda are made a part of this Agreement:

23. Additional Provisions:

24. Preparation of Document Confirmation Clause:

This Agreement was prepared by: Listing Licensee Cooperating Licensee Other

Name: Address:

25. Construction of Agreement: If two or more persons are named as Seller or Buyer, their obligations shall be joint and several.

26. Entire Agreement: Buyer and Seller agree that this Agreement contains the entire agreement between us.

NOTICE: THIS IS A LEGAL DOCUMENT THAT CREATES BINDING OBLIGATIONS.
IF NOT UNDERSTOOD, CONSULT AN ATTORNEY.

Buyer Signature:

Buyer Date:

Buyer Signature:

Buyer Date:

Buyer Signature:

Buyer Date:

Seller Signature:

Seller Date:

Seller Signature:

Seller Date:

Seller Signature:

Seller Date:

This form is protected by the federal copyright laws and is for exclusive use by Rhode Island REALTORS®.

Additional Form Field:

What the Rhode Island Purchase and Sales Agreement Is

A Rhode Island Purchase and Sales Agreement is a legally binding contract that sets the terms for transferring real property within Rhode Island. It identifies buyer and seller, describes the property, states the purchase price and deposits, and specifies contingencies, closing mechanics, and title requirements. The agreement governs the transaction from offer through closing and creates enforceable obligations for performance, inspections, financing, and conveyance. Parties commonly attach exhibits such as property descriptions, financing addenda, inspection provisions, and escrow instructions to ensure clarity and to streamline recording and title transfer at closing.

Why a Proper Purchase and Sales Agreement Matters

A clear, complete Purchase and Sales Agreement reduces dispute risk by documenting price, important deadlines, and contingencies in writing. It protects earnest money, defines remedies for breach, and sets closing obligations for title, taxes, and prorations. For Rhode Island transactions, precise legal descriptions and title provisions facilitate recording and help prevent delays at the registry of deeds.

Who Uses the Rhode Island Purchase and Sales Agreement

Typical participants in these agreements include the buyer, seller, real estate agents, lenders, and title or escrow agents involved in the closing.

Buyers and their agents: Negotiate price, contingencies, inspection windows, and financing terms; protect earnest money and closing credits.
Sellers and their agents: Disclose property condition, accept offers, set closing date, and coordinate deed execution and recording.
Lenders, title companies, and attorneys: Review title, coordinate payoffs, prepare closing statements, and ensure deed recording and transfer.

Each party should confirm authority to sign, required attachments, and any lender or municipal requirements before final execution.

Essential Sections in a Professional Purchase and Sales Agreement

A well-drafted agreement groups obligations and protections into clear, named sections so parties and third parties can verify terms quickly during due diligence and at closing.

Parties

Identifies the buyer and seller by full legal name and contact information; accuracy is critical for enforceability and title transfer.

Property Description

Provides a full legal description, street address, parcel number, and any referenced exhibits to ensure the deed and recording describe the same land.

Price & Deposit

Specifies purchase price, earnest money amount, deposit schedule, escrow holder, and conditions under which deposits may be forfeited or returned.

Contingencies

Lists inspection, financing, appraisal, and title contingencies including exact cure periods and consequences for unmet contingencies.

Closing & Possession

Defines closing date, location, who pays closing costs, prorations for taxes/HOA, and the date possession transfers to the buyer.

Title & Conveyance

Details type of deed, exceptions to title, required title insurance, seller obligations to cure defects, and recording procedures.

Step-by-Step: Completing the Agreement

Work in a consistent sequence so all parties, lender requirements, and title obligations align before setting a firm closing date.

01

Prepare Draft: Populate parties, property description, price, and deposit terms.
02

Add Contingencies: Specify inspection and financing deadlines with calendar dates.
03

Review with Lender/Title: Confirm payoff, lien, and title insurance expectations.
04

Execute & Distribute: Obtain original signatures and deliver to escrow and title for closing.

How to Configure an Online Agreement Workflow

Set up a digital workflow to collect signatures, route documents, and capture an audit trail before sending to title or escrow.

Field	Configuration
Signature Order	Specify signing sequence for seller, buyer, and witnesses.
Authentication	Use email link or SMS code for signer verification.
Conditional Fields	Show financing sections only if financing checkbox selected.
Document Format	Upload PDF or DOCX; preserve exhibits as attached files.

Where to Send the Executed Agreement and Closing Documents

Identify routing for executed originals, escrow instructions, title work, and lender documents to avoid closing delays.

Escrow/Title Company: Deliver fully executed agreement and deposit instructions for closing coordination.
Lender: Provide executed contract to the lender to finalize loan conditions and disclosures.
Recording Office: Title or seller typically submits deed to the county/municipal registry for recording.
All Parties: Distribute final signed copies to buyer, seller, agents, and attorneys for their records.

Digital Signing and Distribution Requirements

Confirm the platform supports required file types, signer authentication, and an auditable certificate of completion before e-signing.

File Types: PDF and DOCX supported
Integrations: Works with Google Workspace and Microsoft 365
Audit Trail: Captures IP, timestamp, and actions

Use a provider that supports notarization workflows or integration with title partners when digital notarization or RON is required.

Typical Timeframes and Deadlines in a Purchase Agreement

Track each deadline as a calendar date in the agreement and monitor contingency cure periods to protect deposits and closing schedules.

Offer Expiration:

Date/time after which the offer lapses if not accepted.

Inspection Deadline:

Last date to complete inspections and request repairs or credits.

Financing Contingency:

Deadline to satisfy or waive lender conditions and loan approval.

Closing Date:

Date for signing closing documents and funding the transaction.

Recording Deadline:

Date by which deed must be presented for recording post-closing.

Notarization and Witness Steps for Closing Documents

Coordinate signing logistics so deeds and any required affidavits meet Rhode Island recording and notary expectations without delaying closing.

01

Prepare Deed

Title prepares deed with exact legal description and seller signature line.

02

Seller Signature

Seller signs in presence of a notary if required by state law.

03

Witness Presence

If state requires witnesses, have them sign and provide printed names.

04

Notary Acknowledgment

Notary completes acknowledgment and signs with seal per state rules.

05

Record Audio/Video (RON)

If remote notarization used, retain required audio-video session records.

06

Deliver Deed

Title or closing agent sends deed for recording at registry.

07

Confirm Recording

Obtain recorded deed copy and confirm grantor/grantee details.

08

Distribute Copies

Provide final recorded deed to buyer, lender, and attorneys.

Security and Compliance Considerations for Digital Workflows

Encryption: TLS 1.2/1.3 in transit

At-Rest Protection: AES-256 encryption at rest

Certifications: SOC 2 Type II and ISO 27001

HIPAA: Compliant — BAA available

ESIGN/UETA: Federal and state e-signature compliance

21 CFR Part 11: Compliant for FDA-regulated records

Key Penalties and Legal Risks to Avoid

Deposit Forfeiture: Buyer breach may lose deposit

Contract Rescission: Mutual mistake can void agreement

Recording Errors: Incorrect deed impairs title transfer

Tax Reporting Penalty: Incorrect 1099-S reporting under IRC §6721

Lien Exposure: Unreleased liens can block closing

Notary Noncompliance: Unsigned acknowledgments delay recording

Common Preparation Errors to Avoid

Using an incomplete legal description or an address-only description that causes a mismatch with county records and delays recording.
Mismatched party names between the agreement, title, and lender documents, which can require corrective deeds or affidavits.
Failing to specify exact contingency dates or using relative phrases like 'within a reasonable time' that create disputes about deadlines.
Not confirming whether notarization or witness signatures are required for particular closing documents in the local registry of deeds.

How a Purchase and Sale Agreement Differs from Other Real Estate Documents

Compare common document types so parties understand purpose, timing, and whether recording is required for each instrument.

Document Type	Purchase & Sale	Contract for Deed
Purpose	transfer ownership	seller-financed possession
When Used	standard closings	installment sales
Recording	no immediate deed recorded	vendor retains title until paid
Buyer Protections	contingencies and escrow	risk of forfeiture if default

Selected eSignature Vendor Comparison for Real Estate Documents

Compare basic plan pricing and common capabilities for managing Purchase and Sales Agreements; signNow is listed first per platform comparison convention.

	signNow	DocuSign	Adobe Sign	PandaDoc	HelloSign
Starting Price	$8/user/mo	$15/user/mo	$14/user/mo	$19/user/mo	$15/user/mo
Free Trial	7-day free trial	Varies	Varies	Varies	Varies
Bulk Send	Yes	Yes	Yes	Yes	No
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No
Envelope Cap	No cap	100 envelopes/user/year	Varies	Varies	Varies

Frequently Asked Questions about Rhode Island Purchase and Sales Agreements

Answers to common questions on enforceability, notarization, e-signatures, corrections, and recording to reduce confusion during negotiation and closing.

Need help? Contact support

Can this agreement be signed electronically?
Yes. Electronic signatures are valid under the federal ESIGN Act (15 U.S.C. ch. 96) and UETA where adopted, provided intent, consent, attribution, and record retention are satisfied.
Is notarization required for the deed in Rhode Island?
A notary acknowledgment is required for deeds to be recorded in most jurisdictions; confirm notary and any local registry rules with the title company.
Who must sign on behalf of an entity seller?
An authorized corporate officer or an individual with authority under the entity’s formation documents must sign; include printed name and title and attach evidence of authority if necessary.
How do I correct a mistake after signing?
Minor clerical errors often require an addendum or corrected deed; substantive changes typically require both parties’ written consent and reexecution of affected documents.
When should the deed be recorded?
The deed is normally recorded immediately after closing; recording order affects priority of liens and should be coordinated by the title or closing agent.
How long should I keep the executed agreement?
Retain closing documents at least 3 years for tax purposes and commonly 7 years for real estate matters; HIPAA and industry rules may require longer retention.

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