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Real Estate Sellers Agreement
"I need a Real Estate Sellers Agreement for selling my commercial property in downtown Miami to a corporate buyer, with specific provisions for tenant transitions and a delayed closing date of March 2025."
1. Parties: Identification and details of seller and buyer
2. Background: Context of the sale and property description
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property being sold, including address, legal description, and boundaries
5. Purchase Price: Amount and payment terms, including deposit requirements and payment schedule
6. Closing Terms: Timing and conditions for closing, including closing date and delivery of possession
7. Representations and Warranties: Seller's statements about the property condition, title, and authority to sell
8. Covenants: Ongoing obligations of the parties until closing
9. Default and Remedies: Consequences of breach by either party
10. Governing Law: Jurisdiction and applicable law governing the agreement
1. Financing Contingency: Terms and conditions related to buyer's obligation to obtain financing
2. Home Inspection Contingency: Buyer's right to inspect property and terminate based on findings
3. Sale of Existing Home Contingency: Conditions related to buyer's need to sell their current property
4. FIRPTA Provisions: Required provisions if seller is a foreign person under FIRPTA
1. Schedule A - Property Disclosure Statement: Detailed disclosure of property condition and known issues
2. Schedule B - Title Documents: Property ownership and encumbrance documentation
3. Schedule C - Inventory of Fixtures and Fittings: List of items included/excluded from sale
4. Schedule D - Lead-Based Paint Disclosure: Required disclosure for properties built before 1978
5. Schedule E - Property Survey: Current survey of the property boundaries and improvements
Authors
Property
Purchase Price
Closing Date
Closing
Earnest Money
Deposit
Effective Date
Escrow Agent
Fixtures
Personal Property
Property Documents
Real Estate Broker
Seller's Agent
Buyer's Agent
Settlement Statement
Title Company
Title Insurance
Title Report
Due Diligence Period
Contingency Period
Encumbrances
Deed
Improvements
Permitted Exceptions
Property Disclosure Statement
Survey
Warranties
Zoning Laws
Inspection Period
Default
Force Majeure
Business Day
Liens
Material Adverse Change
Purchase Price and Payment
Earnest Money
Title and Survey
Due Diligence
Seller Representations and Warranties
Buyer Representations and Warranties
Contingencies
Closing Conditions
Closing Costs and Prorations
Default and Remedies
Risk of Loss
Property Condition
Property Inspection
Environmental Matters
Possession and Occupancy
Real Estate Commissions
Assignment
Notices
Governing Law
Dispute Resolution
Force Majeure
Indemnification
Amendment and Modification
Severability
Entire Agreement
Time of Essence
Survival
Property Access
Termination Rights
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