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Real Property Sales Agreement
"I need a Real Property Sales Agreement for the purchase of a commercial warehouse in Texas, with specific provisions for environmental testing and a phased payment structure to be completed by March 2025."
1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Brief context of the transaction and property identification
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed legal description of the property being sold
5. Purchase Price: Amount and payment terms including deposit details
6. Closing: Closing date, location, and requirements
7. Title and Deed: Title requirements and transfer commitments
8. Representations and Warranties: Statements of fact by both parties regarding the property and transaction
9. Default and Remedies: Consequences of breach by either party
10. Signatures: Execution block for all parties
1. Financing Contingency: Terms related to buyer's ability to secure financing
2. Inspection Contingency: Terms related to property inspection rights
3. HOA Provisions: Terms related to homeowners association
4. Tenant Rights: Provisions regarding existing tenants
5. Environmental Matters: Environmental compliance and remediation
1. Property Description Schedule: Detailed legal description and property boundaries
2. Fixtures and Fittings Schedule: List of included and excluded items
3. Title Exceptions Schedule: List of title exceptions and encumbrances
4. Due Diligence Documents: Property condition reports, surveys, etc.
5. Disclosure Statements: Required state and federal disclosures
6. Existing Leases: Copies of current lease agreements if applicable
Authors
Property
Purchase Price
Closing
Closing Date
Deed
Deposit
Due Diligence Period
Earnest Money
Effective Date
Encumbrances
Escrow Agent
Fixtures
Good and Marketable Title
Improvements
Inspection Period
Land
Permitted Exceptions
Personal Property
Property Documents
Purchase Price
Real Property
Seller's Knowledge
Settlement Statement
Survey
Title Company
Title Insurance
Title Policy
Transfer Documents
Utilities
Zoning Laws
Business Day
Default
Force Majeure
Material Adverse Change
Parties
Seller's Representations
Title Defects
Transaction Documents
Purchase Price
Payment Terms
Title Transfer
Representations and Warranties
Due Diligence
Inspection Rights
Contingencies
Closing Conditions
Default and Remedies
Risk of Loss
Property Access
Assignment
Insurance
Environmental Compliance
Zoning Compliance
Property Condition
Disclosures
Escrow
Title Insurance
Prorations
Broker Commissions
Survival
Indemnification
Force Majeure
Notices
Governing Law
Dispute Resolution
Severability
Integration
Amendment
Waiver
Time of Essence
Further Assurances
Counterparts
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