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Agreement For House Purchase
"I need an Agreement For House Purchase for a single-family home in California, with a closing date of March 15, 2025, including standard financing contingencies and a home inspection clause, but the seller needs a 30-day leaseback period after closing."
1. Parties: Identification of buyer(s) and seller(s) with full legal names and addresses
2. Background: Context of the transaction and brief property overview
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed legal description of the property and included fixtures/fittings
5. Purchase Price: Statement of purchase price, deposit details, and payment terms
6. Closing: Closing date, location, and requirements for completion
7. Title and Survey: Requirements for clear title and property survey conditions
8. Seller's Representations: Seller's warranties about property condition and ownership
9. Buyer's Representations: Buyer's warranties about financial capability and purchase intention
10. Inspections and Due Diligence: Buyer's rights to inspect and timeline for due diligence
11. Conditions Precedent: Conditions that must be met before closing
12. Default and Remedies: Consequences of default by either party and available remedies
13. Notices: How formal communications between parties should be made
14. Governing Law: Applicable law and jurisdiction
15. General Provisions: Standard contract clauses including entire agreement, amendments, and severability
1. Financing Contingency: Used when buyer requires mortgage financing to complete purchase
2. Sale of Existing Home Contingency: Used when buyer needs to sell their current home before purchasing
3. Rental/Leaseback Agreement: Used when seller needs to remain in property after closing
4. HOA Provisions: Used for properties subject to Homeowners Association rules
5. Construction Provisions: Used for new construction or properties under renovation
6. Environmental Concerns: Used when property has known environmental issues
7. Historic Property Provisions: Used for properties with historic designation
8. Foreign Investment Provisions: Used when buyer is a foreign national
9. Water Rights: Used in states where water rights are separate from property rights
10. Mineral Rights: Used when mineral rights are included or excluded from sale
1. Schedule A - Property Description: Detailed legal description and property boundaries
2. Schedule B - Included Items: List of fixtures, fittings, and personal property included in sale
3. Schedule C - Excluded Items: List of items specifically excluded from sale
4. Schedule D - Title Exceptions: List of permitted encumbrances and title exceptions
5. Schedule E - Required Repairs: List of repairs agreed to be completed before closing
6. Schedule F - Disclosure Statement: Seller's property condition disclosure
7. Appendix 1 - Property Survey: Current property survey and plot plan
8. Appendix 2 - Environmental Reports: Any environmental assessments or reports
9. Appendix 3 - Inspection Reports: Property inspection findings and reports
10. Appendix 4 - HOA Documents: HOA rules, regulations, and financial statements if applicable
Authors
Property
Purchase Price
Deposit
Closing
Closing Date
Closing Costs
Due Diligence Period
Earnest Money
Effective Date
Escrow Agent
Fixtures
Good Faith Estimate
Hazard Insurance
Improvements
Inspection Period
Land
Loan Contingency
Material Defect
Mortgage
Personal Property
Property Tax
Purchase Money Mortgage
Real Property
Representations and Warranties
Settlement Statement
Survey
Title
Title Insurance
Title Search
Deed
Warranty Deed
Encumbrance
Lien
Easement
Force Majeure
Business Day
Default
Recording
Zoning Laws
Certificate of Occupancy
Appraisal
Bill of Sale
Chain of Title
Contingency
Covenant
Deed Restrictions
Environmental Hazards
Homeowners Association
Legal Description
Marketable Title
Purchase Price
Payment Terms
Title Transfer
Representations and Warranties
Due Diligence
Property Inspection
Title Insurance
Closing Conditions
Property Condition
Risk Transfer
Seller Disclosure
Default and Remedies
Property Access
Insurance Requirements
Environmental Compliance
Contingencies
Deposit Terms
Assignment
Severability
Entire Agreement
Amendment
Governing Law
Notice Requirements
Force Majeure
Dispute Resolution
Time of Essence
Recording and Registration
Property Tax
Deed Delivery
Possession Terms
Broker Commission
Indemnification
Survival
Authority
Further Assurance
Counterparts
Waiver
Costs and Expenses
Termination
Real Estate
Banking and Financial Services
Legal Services
Insurance
Construction
Property Development
Property Management
Mortgage Lending
Title Insurance
Real Estate Investment
Legal
Real Estate
Compliance
Risk Management
Property Management
Contract Administration
Title and Escrow
Document Processing
Real Estate Operations
Transaction Services
Real Estate Agent
Real Estate Broker
Property Lawyer
Title Officer
Mortgage Loan Officer
Real Estate Paralegal
Escrow Officer
Property Manager
Real Estate Investment Manager
Compliance Officer
Legal Counsel
Contract Administrator
Real Estate Transaction Coordinator
Settlement Agent
Real Estate Development Manager
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