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Form preview Purchase and sales agreement n... PURCHASE AND SALES AGREEMENT AND DEPOSIT RECEIPT New Hampshire Association of REALTORS Standard Form 1. THIS AGREEMENT made this of State day of Sam Seller City Zip County of and Bob Buyer between SELLER BUYER. 2. WITNESSETH That SELLER agrees to sell and convey and BUYER agrees to buy certain real estate located in City/Town known as or described as Book XXX Page Date PROPERTY. Dollars 3. The SELLING PRICE is DEPOSIT receipt of which is hereby acknowledged in the form of be held in an escrow account by ESCROW AGENT in the sum of ADDITIONAL DEPOSIT will be paid on or before in the sum of CASH CERTIFIED CHECK OR BANK DRAFT will be paid on the date of transfer of title in the sum of 4. DEED Marketable title shall be conveyed by a clear of all encumbrances except usual public utilities serving the PROPERTY. 5. TRANSFER OF TITLE On or before some other place of mutual consent as agreed to in writing. is to deed and shall be free and at or 6. POSSESSION Full possession and occupancy of the premises with all keys shall be given upon the transfer of title free of all tenants and occupant s personal property and encumbrances except as herein stated* Said premises to be then in the same condition in which they now are reasonable wear and tear excepted* SELLER agrees that the premises will be delivered to BUYER free of all debris and in broom clean condition* Exceptions Buyer reserves the right to conduct a walk through inspection upon reasonable notice to SELLER s AGENCY within hours prior to time of closing to ensure compliance with the terms of this Agreement. 7. AGENCY The undersigned SELLER S and BUYER S acknowledge the roles of the agents as follows is a seller agent buyer agent non-agent disclosed dual agent If agent s are acting as disclosed dual agents SELLER and BUYER acknowledge prior receipt and signing of a Dual Agency Informed Consent Agreement. 8. INSURANCE The buildings on said premises shall until full performance of this Agreement be kept insured against fire with extended coverage by SELLER* In case of loss all sums recoverable from said insurance shall be paid or assigned on delivery of deed to BUYER unless the premises shall previously have been restored to their former condition by SELLER or at the option of BUYER this Agreement may be rescinded and the DEPOSIT refunded if any such loss exceeds 9. TITLE If upon examination of title it is found that the title is not marketable SELLER shall have a reasonable time not to exceed thirty 30 days from the date of notification of defect unless otherwise agreed to in writing to remedy such defect. Should SELLER be unable to provide marketable title within said thirty 30 days BUYER may rescind this Agreement at BUYER S sole option with full deposit being refunded to BUYER and all parties being released from any further obligations hereunder. SELLER hereby agrees to make a good faith effort to correct the title defect within the thirty 30 day period above prescribed once notification of such defect is received* The cost of examination of the title shall be borne by BUYER* SELLER S INITIALS / BUYER S INITIALS / 2008 NEW HAMPSHIRE ASSOCIATION OF REALTORS INC.
Form preview Land sales agreement form Clear Form LAND PURCHASE AND SALES AGREEMENT Rhode Island Association of REALTORS - Standard Form 1. Initial all that apply Rhode Island Real Estate Sales Disclosure Form prepared by the Seller Agency Disclosure Seller s Lead Disclosure Pamphlet Protect Your Family from Lead in Your Home that includes R.I. section What You Should Know About the RI Lead Law 17. Land Issues Initial if applicable Buyer understands that a public/private sewer system is available to the property. Buyer Buyer s Initials shall be permitted ten 10 days from the date of this agreement to verify the existence of such system and the physical and economic feasibility of connecting the Property to such system. If Buyer determines that connection to the sewer system is not possible or reasonable then Buyer may terminate this Agreement upon written notice to Seller within such ten 10 day period and all Deposits shall be refunded. Buyer acknowledges receipt of a copy of the Department of Environmental Management s certification of the Property s suitability for development as evidenced by a valid approved plan for the installation of an individual sewage disposal system. An original of same shall be provided to the Buyer at closing. Environmental Management as being suitable for the on-site disposal of sanitary sewage. SALES AGREEMENT Agreement made between*. Seller whose mailing address is. Zip code. and. Buyer The Seller agrees to SELL and the Buyer to BUY upon the price and terms below the following property the Property Property Address. Assessor s Plat. Lot. 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 as set forth by the Buyer s and Seller s signatures below. 3. Purchase Price The agreed Purchase Price for the Property is. Dollars Purchase Price of which the form of. receipt of which is hereby acknowledged* 4. Closing Date/Place Closing is to be held on. at 10 00 A. M. at the office of the Registry of Deeds in which the deed should by law be recorded or at such other time and place as may be agreed to by the parties. The balance of the Purchase Price shall be paid by cash certified check and/or bank check. Payment of the balance of the Purchase Price and delivery of deed shall occur at the closing* Buyer and Seller authorize the Closing Agent to release to Broker s signed copies of the closing statement s. 5. Deposits All deposits and any additional deposit made hereunder collectively Deposits shall be held in an escrow account as required by Rhode Island General Laws 5-20. 5-14 5 by the Principal Broker of Listing Company named below unless mutually agreed otherwise by Buyer and Seller and except as otherwise provided herein shall be duly accounted for at the time of delivery of the deed and applied to the Purchase Price. The refunding of all Deposits shall be upon execution of a written release by Buyer and Seller and pursuant to Rule 7 of Commercial Licensing Regulation 11.

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