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Real Estate Contract Agreement
"I need a Real Estate Contract Agreement for purchasing a $2.5M commercial warehouse property in Dallas, Texas, with a due diligence period of 45 days and closing scheduled for March 15, 2025, including provisions for environmental assessment and existing tenant rights."
1. Parties: Identifies and provides full legal details of the buyer(s) and seller(s)
2. Background: Provides context for the transaction and confirms the seller's ownership and right to sell
3. Definitions: Defines key terms used throughout the agreement
4. Property Description: Detailed legal description of the property including address, boundaries, and parcel numbers
5. Purchase Price: States the agreed purchase price and payment terms
6. Earnest Money: Specifies the amount, timing, and handling of earnest money deposit
7. Due Diligence Period: Outlines the timeframe and terms for buyer's property investigation
8. Closing and Possession: Specifies closing date, location, and possession terms
9. Representations and Warranties: Lists seller's assertions about the property's condition and legal status
10. Covenants: Details obligations of both parties before and after closing
11. Default and Remedies: Describes what constitutes default and available remedies
12. Notices: Specifies how and where formal communications should be delivered
13. Governing Law: Identifies the state law governing the agreement
14. Signatures: Execution block for all parties and witnesses if required
1. Financing Contingency: Used when buyer's purchase is contingent on obtaining specific financing
2. Sale of Buyer's Property: Added when purchase is contingent on buyer selling their current property
3. Rental Agreement: Included when seller will remain as tenant after closing
4. Construction Provisions: Used for new construction or properties under development
5. HOA/Condo Provisions: Required when property is part of an HOA or condominium association
6. Lead-Based Paint Disclosure: Required for properties built before 1978
7. Agricultural/Commercial Use: Added for properties with specific use restrictions or requirements
8. Environmental Provisions: Used when environmental issues need specific addressing
1. Schedule A - Property Description: Detailed legal description and property boundaries
2. Schedule B - Included Items: List of fixtures 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 title exceptions and encumbrances
5. Schedule E - Due Diligence Documents: List of documents to be provided during due diligence
6. Appendix 1 - Property Disclosure Statement: Seller's disclosure of property condition and known issues
7. Appendix 2 - Environmental Reports: Any environmental assessments or reports
8. Appendix 3 - Survey: Property survey and related documentation
9. Appendix 4 - Permits and Certificates: Copies of relevant permits, certificates of occupancy, etc.
Authors
Property
Purchase Price
Closing Date
Closing
Earnest Money
Due Diligence Period
Due Diligence Documents
Effective Date
Escrow Agent
Fixtures
Improvements
Title Company
Permitted Exceptions
Property Documents
Seller's Knowledge
Business Day
Contingency Period
Deed
Default
Encumbrances
Environmental Laws
Force Majeure
Hazardous Materials
Liens
Material Adverse Change
Permitted Use
Personal Property
Purchase Price Adjustments
Real Property
Representations and Warranties
Settlement Statement
Survey
Title Commitment
Title Insurance Policy
Transfer Documents
Zoning Laws
Purchase Price
Payment Terms
Earnest Money
Due Diligence
Title and Survey
Representations and Warranties
Covenants
Conditions Precedent
Closing Conditions
Property Transfer
Risk of Loss
Default and Remedies
Indemnification
Environmental
Contingencies
Insurance
Property Condition
Notices
Assignment
Force Majeure
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Survival
Time of Essence
Counterparts
Recording
Real Estate
Banking and Financial Services
Legal Services
Construction
Property Development
Insurance
Property Management
Commercial Real Estate
Residential Real Estate
Hospitality
Retail
Industrial
Agriculture
Legal
Real Estate
Compliance
Risk Management
Finance
Operations
Facilities
Corporate Development
Investment
Property Management
Asset Management
Due Diligence
Acquisitions
Real Estate Agent
Real Estate Broker
Property Manager
Real Estate Attorney
Title Officer
Escrow Officer
Real Estate Developer
Property Acquisitions Manager
Legal Counsel
Compliance Officer
Real Estate Investment Manager
Facilities Manager
Corporate Real Estate Manager
Risk Manager
Due Diligence Officer
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