[{"data":1,"prerenderedAt":526},["ShallowReactive",2],{"document-real-estate-purchase-agreement-D13234":3},{"document":4,"label":23,"preview":11,"thumb":24,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":25,"breadcrumb":29,"related":35,"customDescModule":174,"customdescription":6,"mdFm":175,"mdProseHtml":525},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":15},"REAL ESTATE PURCHASE AGREEMENT This Real Estate Purchase Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [SELLER NAME], (the \"Seller\") an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [PURCHASER NAME], (the \"Purchaser\") an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] Collectively, the Seller and Purchaser shall be referred to as the \"Parties.\" WHEREAS, the Seller is the owner of the real property located at [ADDRESS OF PROPERTY] (hereinafter referred to as the \"Property\") and the Purchaser is interested in buying the Property from the Seller pursuant to the following terms and conditions. WHEREAS, in consideration of and as a condition of the Seller selling the Property and the Purchaser purchasing the Property and other valuable consideration, the receipt and sufficiency of which are acknowledged here; NOW, THEREFORE, the Parties agree as follows: PROPERTY The Property is situated at [SPECIFY ADDRESS] and the legal description of the Property is as follows: [SPECIFY LEGAL DESCRIPTION OF PROPERTY] which includes with it but is not limited to permits, easements, and cooperative and association memberships (the \"Property\"). The Seller agrees to sell and convey to the Purchaser and the Purchaser agrees to purchase the Property from the Seller. The Seller shall release possession, occupancy, existing keys and/or means to operate all locks, mailbox, security system/alarms and all common area facilities to the Purchaser on the Closing Date. The Seller agrees that all the existing fixtures on the Premises, and any existing personal property including but not limited to light fixtures, fireplace, ceiling fans, lighting, and storage sheds shall be included in this sale and shall be transferred with no monetary value, and free and clear of all liens or encumbrances. PAYMENT OF PURCHASE PRICE The Purchaser agrees to pay to the Seller [SPECIFY AMOUNT] for the Property. At the time of signing of the Agreement, the Purchaser shall make the payment of [SPECIFY PERCENTAGE] % of the total amount. The remaining amount shall be transferred to the Seller on the Closing Date. The Purchaser is entitled to pay the amount by any of the following modes: [SPECIFY MODES OF PAYMENT]. TITLE INSURANCE The Seller shall furnish to the Purchaser an owner's policy of title insurance (the \"Title Insurance\") from [SPECIFY INSURANCE COMPANY] (the \"Title Company\") in an amount of the Sales Price dated as of the date that the sale of the Property becomes final, and the Purchaser takes possession, which insures and indemnifies the Purchaser against loss, as stipulated under the provisions of the Title Policy, subject to exceptions contained therein. TITLE COMMITMENT At the Seller's sole cost, the Seller will furnish or cause to be furnished to the Purchaser a commitment for the Title Insurance and copies of restrictive covenants and documents evidencing the exceptions in the Commitment. DISCLOSURES BY THE SELLER The Seller shall send disclosures to the Purchaser, within 28 days of signing of this Agreement, in which he shall disclose the details of the Property under various categories. The categories include: Boundaries. Changes made to the Property (extensions, alterations). Shared areas with neighbors, formal and informal agreements. Disputes or complaints (made by or about the Seller). Occupiers (who live at the Property). Guarantees and warranties affecting the Property. Environmental matters. The relevant issues disclosed to the Purchaser shall include, but are not limited to the following: Any disputes with neighbors that have resulted in written exchanges, or police or local authority involvement. Whether the neighbors have any anti-social behavior orders. Planning permission on the Property that is pending, granted or denied. Problems with pests, current or historic. Flooding issues, current or historic. Structural issues. Whether there is a flight path nearby or one planned. Whether there is a motorway within view or one planned. A previous sale falling through due to bad survey results on the Property. The neighborhood having high levels of crime. A violent death that occurred at the Property. Notwithstanding anything contained in the foregoing provisions, the Seller shall disclose all such information which would materially affect the Purchaser's consent to purchase the Property. WARRANTY BY THE SELLER The Seller has full power and authority to enter into and perform this Agreement in accordance with its terms; The individuals executing this Agreement on behalf of the Seller are authorized to do so and, upon execution hereof, this Agreement shall be binding upon and enforceable against the Seller; The Seller has no actual knowledge of any impending lawsuits with respect to the Property; The Seller represents and warrants that there will be no liens, assessments, or security interests from third parties against the Property on the Closing Date; The Seller warrants and shall maintain and repair the Premises so that at the time of possession, all the heating, cooling, mechanical, plumbing and electrical systems, and built-in appliances shall be in working condition; The Seller warrants that the Premises, including all additional existing personal property included in the sale, will be in substantially the same condition, except the changes caused by reasonable wear and tear or irresistible force, as on the date of acceptance of the Agreement; The Seller warrants that no damage would be caused to the Property, by any improvement work being carried out by the Seller in the Property, to substantially reduce its value or damage it in a way to make its enjoyment difficult. WARRANTY BY THE PURCHASER The Purchaser has full power and authority to enter into and perform this Agreement in accordance with its terms; and Any individual executing this Agreement on behalf of the Purchaser is authorized to do so, and, upon execution hereof, this Agreement shall be binding upon and enforceable against the Purchaser. INDEMNIFICATION The Seller will bear all the risk of loss to the Property or its improvements, which includes but is not limited to physical damage or destruction to the Property, or loss caused by eminent domain, until the Closing Date. If prior to the Closing Date, the Property is damaged or destroyed, the Seller will restore the Property to its previous condition as soon as possible before the Closing Date. The Seller agrees to defend, indemnify, and hold the Purchaser harmless from and against all claims, liabilities, obligations, costs, expenses, and reasonable attorney's fees arising out of or related to: Any breach or inaccuracy of representation or warranty of the Seller made in this Agreement; Any failure by the Seller to perform any covenant required to be performed by it under this Agreement; Any liability or obligation of any third party assumed by the Seller in accordance with the terms of this Agreement; Use of the Property before the Closing Date. PRORATION The Seller and the Purchaser agree to proration of the following items: Title Insurance and Closing Fee: The Seller shall pay all costs of the Title Commitment and the premium as applicable under law. Recording Costs: The Purchaser shall pay the cost of the deed and all other documents. Real Estate Taxes and Special Assessments: All real estate property taxes, levies and assessments as of the Closing",null,"Real Estate Purchase Agreement","8",513,"doc","https://templates.business-in-a-box.com/imgs/1000px/real-estate-purchase-agreement-D13234.png","https://templates.business-in-a-box.com/imgs/250px/13234.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13234.xml",{"title":15,"description":6},"real estate purchase agreement",[17,20],{"label":18,"url":19},"Legal Agreements","/templates/business-legal-agreements/",{"label":21,"url":22},"Purchase & Sale Agreements","/templates/purchase-sale-agreement/","Real Estate Purchase Agreement Template","https://templates.business-in-a-box.com/imgs/400px/13234.png",[26,17,20],{"label":27,"url":28},"Templates","/templates/",[30,31,32],{"label":27,"url":28},{"label":18,"url":19},{"label":33,"url":34},"Real Estate & Leases","/templates/real-estate-and-leases/",[36,40,43,47,51,55,59,63,67,71,75,79,83,98,116,130,147,161],{"label":37,"url":38,"thumb":39,"extension":10},"Offer to Purchase Real Estate Property","/template/offer-to-purchase-real-estate-property-D1190","https://templates.business-in-a-box.com/imgs/250px/1190.png",{"label":37,"url":41,"thumb":42,"extension":10},"/template/offer-to-purchase-real-estate-property-D1189","https://templates.business-in-a-box.com/imgs/250px/1189.png",{"label":44,"url":45,"thumb":46,"extension":10},"Option to Purchase Real Estate Property","/template/option-to-purchase-real-estate-property-D1194","https://templates.business-in-a-box.com/imgs/250px/1194.png",{"label":48,"url":49,"thumb":50,"extension":10},"Asset Purchase Agreement For a Real Estate Property","/template/asset-purchase-agreement-for-a-real-estate-property-D930","https://templates.business-in-a-box.com/imgs/250px/930.png",{"label":52,"url":53,"thumb":54,"extension":10},"Assignment of Real Estate Contract and Sale Agreement","/template/assignment-of-real-estate-contract-and-sale-agreement-D1157","https://templates.business-in-a-box.com/imgs/250px/1157.png",{"label":56,"url":57,"thumb":58,"extension":10},"Offer to Purchase Real Estate Property_Short Form","/template/offer-to-purchase-real-estate-property-short-form-D1191","https://templates.business-in-a-box.com/imgs/250px/1191.png",{"label":60,"url":61,"thumb":62,"extension":10},"Real Estate Commission Agreement","/template/real-estate-commission-agreement-D13759","https://templates.business-in-a-box.com/imgs/250px/13759.png",{"label":64,"url":65,"thumb":66,"extension":10},"Deed of Sale Real Estate Property","/template/deed-of-sale-real-estate-property-D1172","https://templates.business-in-a-box.com/imgs/250px/1172.png",{"label":68,"url":69,"thumb":70,"extension":10},"Real Estate Operating Agreement","/template/real-estate-operating-agreement-D14043","https://templates.business-in-a-box.com/imgs/250px/14043.png",{"label":72,"url":73,"thumb":74,"extension":10},"Real Estate Salesman Independent Contractor Agreement","/template/real-estate-salesman-independent-contractor-agreement-D1198","https://templates.business-in-a-box.com/imgs/250px/1198.png",{"label":76,"url":77,"thumb":78,"extension":10},"Assignment of Real Estate Contract","/template/assignment-of-real-estate-contract-D1158","https://templates.business-in-a-box.com/imgs/250px/1158.png",{"label":80,"url":81,"thumb":82,"extension":10},"Active Real Estate Partnership Agreement","/template/active-real-estate-partnership-agreement-D13216","https://templates.business-in-a-box.com/imgs/250px/13216.png",{"description":84,"descriptionCustom":6,"label":85,"pages":86,"size":9,"extension":10,"preview":87,"thumb":88,"svgFrame":89,"seoMetadata":90,"parents":92,"keywords":96,"url":97},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: LETTER OF INTENT-ACQUISITION OF BUSINESS Dear [CONTACT NAME]: This letter (\"Letter of Intent\") sets forth the basic preliminary terms between the Buyer or his nominee and yourselves regarding the purchase of the [SPECIFY] business (the \"Business\") carried on by yourselves. Except as specifically set forth herein, this Letter of Intent shall not constitute an agreement between the parties and no agreement shall be deemed to exist until execution of a definitive purchase agreement. It is proposed that Buyer will acquire certain assets of the Business which Buyer believes to be necessary to the future of the Business, including the warehouse in [CITY/STATE] in which [COMPANY NAME] the Company has invested [AMOUNT] in cash and which has been financed by a mortgage loan of approximately [AMOUNT] granted by the [SPECIFY COMPANY] [CITY/STATE]. Buyer understands that the said warehouse has no other charges or liabilities affecting it other than the said mortgage loan. Buyer may either purchase the warehouse outright or enter into a lease-purchase or instalment transfer of ownership which is satisfactory to both parties. The gross purchase price for the said warehouse will be [AMOUNT]. Buyer may purchase or lease barrels and other equipment currently owned by the Company which are necessary to operate the Business, on a cash or instalment basis agreeable to both parties. The specific assets to be purchased and the amounts to be paid by Buyer in connection with this transaction remain to be negotiated by the parties. This Letter of Intent also evidences the intentions of the parties with respect to the following agreements: Buyer will enter into a [NUMBER]-year employment agreement with [COMPANY NAME], providing for the Company will be responsible for the purchase of [SPECIFY] for Buyer. The agreement will contain the customary terms and conditions found in employment agreements in similar transactions and will provide for the usual non-competition and non-solicitation covenants to be entered into by the Company in favour of Buyer. It is expressly understood that if the contemplated transaction is consummated, the aggregate amount of commission paid or payable to yourselves (net of reasonable expenses acceptable to Buyer) in respect of all purchases of [SPECIFY] made through you from the date of this Letter of Intent to the date of closing, with the exception of commissions earned on the [NUMBER] truckloads of [SPECIFY] to be delivered to Buyer during the week of [DATE] to [DATE], will be applied against remuneration payable to the Company in the first year of his employment agreement. If the contemplated transaction is not consummated, all such commissions paid or payable will be treated as commissions. Buyer will enter into a [NUMBER]-year employment agreement with [EMPLOYEE NAME], providing for the payment of a gross base salary of [ANNUAL SALARY] per year, to be paid weekly, subject to annual review. [EMPLOYEE NAME] will be President of the Business and the employment agreement will provide for health benefits, automobile, expenses and bonus arrangements","Letter of Intent_Acquisition of Business","3","https://templates.business-in-a-box.com/imgs/1000px/letter-of-intent_acquisition-of-business-D5197.png","https://templates.business-in-a-box.com/imgs/250px/5197.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#5197.xml",{"title":91,"description":6},"letter of intent_acquisition of business",[93,95],{"label":18,"url":94},"business-legal-agreements",{"label":18,"url":94},"letter intent_acquisition business","/template/letter-of-intent_acquisition-of-business-D5197",{"description":99,"descriptionCustom":6,"label":100,"pages":101,"size":102,"extension":10,"preview":103,"thumb":104,"svgFrame":105,"seoMetadata":106,"parents":107,"keywords":114,"url":115},"COMMERCIAL LEASE AGREEMENT This Lease Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Landlord\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [TENANT NAME] (the \"Tenant\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] DESCRIPTION OF PREMISES Landlord leases to Tenant the premises located at [address], [city], [state], and described more particularly as follows: [insert legal description]. GRANT OF LEASE Landlord, in consideration of the rents to be paid and the covenants and agreements to be performed and observed by the Tenant, does hereby lease to the Tenant and the Tenant does hereby lease and take from the Landlord the property described in Exhibit \"A\" attached hereto and by reference made a part hereof (the \"Leased Premises\"), together with, as part of the parcel, all improvements located thereon. LEASE TERM Total Term of Lease: The term of this Lease shall begin on the commencement date, as defined in Section b) of this Article 3, and shall terminate on [DATE]. Commencement Date: The \"Commencement Date\" shall mean the date on which the Tenant shall commence to conduct business on the Leased Premised, so long as such date is not in excess of [NUMBER] days subsequent to execution hereof. EXTENSIONS The parties hereto may elect to extend this Agreement upon such terms and conditions as may be agreed upon in writing and signed by the parties at the time of any such extension. DETERMINATION OF RENT The Tenant agrees to pay the Landlord and the Landlord agrees to accept, during the term hereof, at such place as the Landlord shall from time to time direct by notice to the Tenant, rent at the following rates and times: Annual Rent: Annual rent for the term of the Lease shall be [AMOUNT], plus applicable sales tax. Payment of Yearly Rent: The annual rent shall be payable in advance in equal monthly installments of one-twelfth (1/12th) of the total yearly rent, which shall be [AMOUNT], on the first day of each and every calendar month during the term hereof, and prorata for the fractional portion of any month, except that on the first day of the calendar month immediately following the Commencement Date, the Tenant shall also pay to the Landlord rent at the said rate for any portion of the preceding calendar month included in the term of this Lease. Reference to yearly rent hereunder shall not be implied or construed to the effect that this Lease or the obligation to pay rent hereunder is from year to year, or for any term shorter than the existing Lease term, plus any extensions as may be agreed upon. A late fee in the amount of [AMOUNT] shall be assessed if payment is not postmarked or received by Landlord on or before the tenth day of each month. USE OF PROPERTY BY TENANT The Leased Premises may be occupied and used by Tenant exclusively as a [DESCRIBE], to be known as a [DESCRIBE]. Nothing herein shall give Tenant the right to use the property for any other purpose or to sublease, assign, or license the use of the property to any Sub-Tenant, assignee, or licensee, which or who shall use the property for any other use. RESTRICTIONS ON USE Tenant shall not use the demised premises in any manner that will increase risks covered by insurance on the demised premises and result in an increase in the rate of insurance or a cancellation of any insurance policy, even if such use may be in furtherance of Tenant's business purposes. Tenant shall not keep, use, or sell anything prohibited by any policy of fire insurance covering the demised premises, and shall comply with all requirements of the insurers applicable to the demised premises necessary to keep in force the fire and liability insurance. WASTE, NUISANCE, OR UNLAWFUL ACTIVITY Tenant shall not allow any waste or nuisance on the demised premises, or use or allow the demised premises to be used for any unlawful purpose. DELAY IN DELIVERING POSSESSION This lease agreement shall not be rendered void or voidable by the inability of Landlord to deliver possession to Tenant on the date set forth in Section 3. Landlord shall not be liable to Tenant for any loss or damage suffered by reason of such a delay; provided, however, that Landlord does deliver possession no later than [date]. In the event of a delay in delivering possession, the rent for the period of such delay will be deducted from the total rent due under this lease agreement. No extension of this lease agreement shall result from a delay in delivering possession. SECURITY DEPOSIT The Tenant has deposited with the Landlord the sum of [AMOUNT] as security for the full and faithful performance by the Tenant of all the terms of this lease required to be performed by the Tenant. Such sum shall be returned to the Tenant after the expiration of this lease, provided the Tenant has fully and faithfully carried out all of its terms. In the event of a bona fide sale of the property of which the leased premises are a part, the Landlord shall have the right to transfer the security to the purchaser to be held under the terms of this lease, and the Landlord shall be released from all liability for the return of such security to the Tenant. TAXES Property Taxes: The Tenant shall be liable for all taxes levied against any leasehold interest of the Tenant or personal property and trade fixtures owned or placed by the Tenant in the Leased Premises. Real Estate Taxes: During the continuance of this lease Landlord shall deliver to Tenant a copy of any real estate taxes and assessments against the Leased Property. From and after the Commencement Date, the Tenant shall pay to Landlord not later than [NUMBER] days after the day on which the same may become initially due, all real estate taxes and assessments applicable to the Leased Premises, together with any interest and penalties lawfully imposed thereon as a result of Tenant's late payment thereof, which shall be levied upon the Leased Premises during the term of this Lease. Contest of Taxes: The Tenant, at its own cost and expense, may, if it shall in good faith so desire, contest by appropriate proceedings the amount of any personal or real property tax. The Tenant may, if it shall so desire, endeavor at any time or times, by appropriate proceedings, to obtain a reduction in the assessed valuation of the Leased Premises for tax purposes. In any such event, if the Landlord agrees, at the request of the Tenant, to join with the Tenant at Tenant's expense in said proceedings and the Landlord agrees to sign and deliver such papers and instruments as may be necessary to prosecute such proceedings, the Tenant shall have the right to contest the amount of any such tax and the Tenant shall have the right to withhold payment of any such tax, if the statute under which the Tenant is contesting such tax so permits. Payment of Ordinary Assessments: The Tenant shall pay all assessments, ordinary and extraordinary, attributable to or against the Leased Premises not later than [NUMBER] days after the day on which the same became initially due. The Tenant may take the benefit of any law allowing assessments to be paid in installments and in such event the Tenant shall only be liable for such installments of assessments due during the term hereof. ","Commercial Lease Agreement","19",145,"https://templates.business-in-a-box.com/imgs/1000px/lease-agreement-D1179.png","https://templates.business-in-a-box.com/imgs/250px/1179.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1179.xml",{"title":6,"description":6},[108,111],{"label":109,"url":110},"Real Estate","real-estate-business",{"label":112,"url":113},"Business Checklists","business-checklists","lease agreement","/template/lease-agreement-D1179",{"description":117,"descriptionCustom":6,"label":118,"pages":86,"size":9,"extension":10,"preview":119,"thumb":120,"svgFrame":121,"seoMetadata":122,"parents":124,"keywords":123,"url":129},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":123,"description":6},"non disclosure agreement nda",[125,126],{"label":18,"url":94},{"label":127,"url":128},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":131,"descriptionCustom":6,"label":132,"pages":133,"size":9,"extension":10,"preview":134,"thumb":135,"svgFrame":136,"seoMetadata":137,"parents":139,"keywords":138,"url":146},"CHECKLIST CUSTOMER DUE DILIGENCE Customer Due Diligence (CDD) is a critical process to ensure compliance with regulatory standards and safeguard against financial crimes. This checklist outlines the essential steps for effective CDD, from initial customer contact to ongoing monitoring and record-keeping. Gathering Customer Information: Individual Customers Full Name: Date of Birth: Nationality: Residential Address: Mailing Address (if different): Contact Number: Email Address: Identification Type (e.g., Passport, Driver's License): Identification Number: Issuing Country/Authority: Expiry Date of Identification Document: Corporate Customers Company Name: Registration Number: Country of Incorporation: Registered Address: Business Address (if different): Nature of Business: Date of Incorporation: Contact Number: Email Address: Website (if any): Directors' Names and Details: Ultimate Beneficial Owners (UBOs) Names and Details: Shareholding Structure: Identity Verification: Verify Identity Documents Document Verification (type of document, number, expiration date) Biometric Verification (if applicable) Verify Address Utility Bill Bank Statement Lease Agreement Additional Verification (if needed): Biometric Authentication Passive Liveness Detection Risk Assessment: Customer Type (Individual/Business): Customer Segment (Retail/Corporate): Industry: Expected Account Activity (Transaction Types, Volumes, and Values): Source of Funds: Purpose of the Account: Geographical Risk (Customer's Country of Origin/Operation): Any High-Risk Indicators (e.g., PEP, sanctions, negative media): Risk Profile Determination (Low, Medium, High): Enhanced Due Diligence (EDD) for High-Risk Customers:","Checklist Customer Due Diligence","4","https://templates.business-in-a-box.com/imgs/1000px/checklist-customer-due-diligence-D13916.png","https://templates.business-in-a-box.com/imgs/250px/13916.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13916.xml",{"title":138,"description":6},"checklist customer due diligence",[140,143],{"label":141,"url":142},"Business Plan Kit","business-plan-kit",{"label":144,"url":145},"Business Procedures","business-procedures","/template/checklist-customer-due-diligence-D13916",{"description":148,"descriptionCustom":6,"label":149,"pages":150,"size":151,"extension":10,"preview":152,"thumb":153,"svgFrame":154,"seoMetadata":155,"parents":156,"keywords":159,"url":160},"PROPERTY MANAGEMENT AGREEMENT This Property Management Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Owner\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [AGENT NAME] (the \"Agent\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS Owner holds title to the following-described real property: [insert legal or other appropriate description], here referred to as the property. Agent is experienced in the business of operating and managing real estate similar to the above-described property. Owner desires to engage the services of agent to manage and operate the property, and agent desires to provide such services on the following terms and conditions. In consideration of the mutual covenants contained herein, the parties agree: EMPLOYMENT OF AGENT Agent shall act as the exclusive agent of owner to manage, operate and maintain the property. BEST EFFORTS OF AGENT On assuming the management and operation of the property, agent shall thoroughly inspect the property and submit a written report to owner. The written report shall contain the opinion of agent concerning the present efficiency under which the property is being managed and operated, and recommended changes, if necessary, in the management structure of the property, in the rehabilitation of the property, and any other matters that will improve the efficient management and operation of the property. After conferring with owner and obtaining approval to make any necessary improvements, agent shall undertake completion of the improvements. LEASING OF PROPERTY Agent shall make reasonable efforts to lease available space of the property, and shall be responsible for all negotiations with prospective tenants. Agent shall also have the right to execute and enter into, on behalf of owner, month-to-month tenancies of units of the property. Agent may negotiate all extensions and renewals of such month-to-month tenancies and leases. Agent shall not, without the prior written consent of owner, enter into any lease for a term less than [NUMBER] months or more than [NUMBER] months. Agent shall have the right to make concessions, including rental concessions, as inducements to prospective tenants to occupy the property. ADVERTISING AND PROMOTION Agent shall advertise vacancies by all reasonable and proper means; provided, agent shall not incur expenses for advertising in excess of [AMOUNT] during any calendar quarter without the prior written consent of owner. MAINTENANCE, REPAIRS AND OPERATIONS Agent shall use its best efforts to insure that the property is maintained in an attractive condition and in a good state of repair. In this regard, agent shall use its best skills and efforts to serve the tenants of the property and shall purchase necessary supplies, make contracts for, or otherwise furnish, electricity, gas, fuel, water, telephone, window cleaning, refuse disposal, pest control, and any other utilities or services required for the operation of the property. Agent shall make or cause to be made and supervise necessary repairs and alterations and shall decorate and furnish the property. Expenditures for repairs, alterations, decorations or furnishings in excess of [AMOUNT] shall not be made without prior written consent of owner, except in the case of emergency, or if agent in good faith determines that such expenditures are necessary to protect the property from damage, to prevent injury to persons or loss of life, or to maintain services to tenants. EMPLOYEES Agent shall employ, discharge and supervise all on-site employees or contractors required for the efficient operation and maintenance of the property. All on-site personnel, except independent contractors and employees of independent contractors, shall be the employees of agent. Agent shall pay the salaries of such on-site employees and, to the extent there are revenues from the property available, pay all charges for services rendered by independent contractors and the employees of independent contractors. All salaries (including all contributions of employer not listed in the paycheck) of such on-site employees shall be charged to owner. To the extent there are insufficient funds available from revenues received from the operation of the property to reimburse agent for such salaries, owner shall directly reimburse agent within [NUMBER] days after demand by agent for reimbursement. Agent shall not be responsible or liable to owner for any act, default or negligence of on-site personnel, or for any error of judgment or mistake of law or fact in connection with their employment, conduct or discharge except that agent shall be responsible for any such act, default or negligence that is due directly or indirectly to its own negligent act or omission in the hiring or supervision of any such on-site personnel. On-site personnel shall include all resident personnel, including, but not limited to, managers and maintenance personnel, all recreational personnel (whether part-time or full-time), day-care center personnel, and all other individuals located, rendering services or performing activities on the property in connection with its operation. GOVERNMENT REGULATIONS Agent shall manage the property in full compliance with all laws and regulations of any federal, state, county or municipal authority having jurisdiction over the property. INSURANCE Agent shall obtain the following insurance at the expense of owner, and such insurance shall be maintained in force during the full term of this agreement: Comprehensive public liability property insurance of [AMOUNT] single limit for bodily injury, death and property damage; Fire and extended coverage hazard insurance in an amount equal to the full replacement cost of the structure and other improvements situated on the property; and A fidelity bond in the amount of [AMOUNT] on each employee who handles cash, and workers' compensation and employer liability insurance to cover the agents and employees of both employer and agent. All of the policies shall name agent and owner as co-insureds as their respective interests may appear. Agent shall deliver certificates evidencing such insurance coverage to owner within [NUMBER] days from the issuance and renewal of the policies. Owner shall cooperate with agent and any insurer in the making and delivery of all reports, notices, and other items required in connection with any of the insurance policies. COLLECTION OF INCOME; INSTITUTION OF LEGAL ACTION Agent shall use its best efforts to collect promptly all rents and other income issuing from the property when such amounts become due. It is understood that agent does not guarantee the collection of rents. Agent shall, in the name of owner, execute and serve such notices and demands on delinquent tenants as agent may deem necessary or proper. Agent, in the name of owners, shall institute, settle or compromise any legal action and make use of such methods of legal process against a delinquent tenant or the property of a delinquent tenant as may be necessary to enforce the collection of rent or other sums due from the tenant, to enforce any covenants or conditions of any lease or month-to-month rental agreement, and to recover possession of any part of the property. No other form of legal action will be instituted and no settlement, compromise, or adjustment of any matters involved therein shall be made without the prior written consent of owner, except when agent determines that immediate action is necessary. BANK ACCOUNTS","Property Management Agreement","7",73,"https://templates.business-in-a-box.com/imgs/1000px/property-management-agreement-D1196.png","https://templates.business-in-a-box.com/imgs/250px/1196.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1196.xml",{"title":6,"description":6},[157,158],{"label":109,"url":110},{"label":112,"url":113},"property management agreement","/template/property-management-agreement-D1196",{"description":162,"descriptionCustom":6,"label":163,"pages":164,"size":9,"extension":10,"preview":165,"thumb":166,"svgFrame":167,"seoMetadata":168,"parents":170,"keywords":114,"url":173},"SERVICE AGREEMENT This SERVICE AGREEMENT (\"Agreement\") is effective [DATE], BETWEEN: [COMPANY NAME] (the \"Contractor\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Customer\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] (The Contractor and the Customer shall be individually referred to as a \"Party\" and collectively referred to as the \"Parties\", as the context may require). WHEREAS A. Contractor has experience and expertise in [DESCRIBE EXPERIENCE AND SERVICE]. B. Customer desires to have Contractor provide services for them. C. Contractor desires to provide services to Customer on the terms and conditions set forth herein (the \"Services\"). NOW THEREFORE, in consideration of the above recitals, the representations, warranties, and agreements contained in this Agreement and for other good and valuable consideration, the receipt and adequacy of which are now acknowledged, the Parties agree as follows: SERVICES PROVIDED Beginning on upon agreement to this contract, [CONTRACTOR] will provide to [CUSTOMER] the following service (collectively, the /Services\"): Description of the project: [DESCRIBE THE SERVICE REQUIRED]. SCOPE OF WORK Contractor agrees to provide Services pursuant to the Scope of Work set forth in Exhibit A attached hereto (the \"Scope of Work\"). TERM Unless both parties mutually agree on an extension, this contract will automatically terminate on [SPECIFY]. PERFORMANCE The parties agree to do everything possible to ensure that the terms of this Agreement take effect. PAYMENT FOR SERVICES In exchange for the Services rendered, a payment of [SPECIFY] will be made to the Contractor upon completion of the scheduled Services described in this Contract. If an invoice is not paid on the due date, interest will be added to the current balance. These amounts shall be payable, and the Customer shall pay all overdue amounts at the lesser of [SPECIFY] per cent per annum or the maximum percentage permitted by applicable law. Or Customer will pay Contractor as follows: [SPECIFY]. DELIVERY OF SERVICES The Contractor will exercise due diligence in the provision of services. However, the Customer acknowledges that the indicated delivery times and other payment milestones listed in Scope of Work are estimates and do not constitute final delivery dates. SECURITY The Contractor must make reasonable security arrangement to protect Material from unauthorized access, collection, use, alteration or disposal. OWNERSHIP RIGHT The Customer shall hold the copyright for the agreed version of the Services as delivered, and the Customer's copyright notice may be displayed in the final version. All works, ideas, discoveries, inventions, patents, products or other information that may be protected by copyright (collectively, the \"Work Product\" developed in whole or in part by the Contractor in connection with the Services, shall be the exclusive property of the Customer. Upon request, the Contractor shall execute all documents necessary to confirm or perfect the exclusive ownership of the Customer's \"Work Product\". The Contractor retains exclusive rights to pre-existing materials used in the Customer's projects. The Customer shall not have the right to reuse, resell or otherwise transfer material belonging to the contractor or third parties. The Contractor reserves the right to use the finished public product as an example of a product. RETURN OF PROPERTY Upon the expiry or termination of this Agreement, the Contractor will return to the Customer any property, documentation, records or Confidential Information which is the property of the Customer. COMPENSATION For all services rendered by the Contractor under this Agreement, the Customer shall indemnify the Contractor. In the event that the Customer fails to make any of the payments mentioned, the Contractor shall have the right, but shall not be obliged, to exercise any of the following remedies: ","Service Agreement","6","https://templates.business-in-a-box.com/imgs/1000px/service-agreement-D12711.png","https://templates.business-in-a-box.com/imgs/250px/12711.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12711.xml",{"title":169,"description":6},"service agreement",[171,172],{"label":18,"url":94},{"label":18,"url":94},"/template/lease-agreement-D12711",false,{"seo":176,"reviewer":188,"quick_facts":192,"at_a_glance":195,"personas":199,"variants":224,"glossary":252,"clauses":289,"how_to_fill":340,"common_mistakes":381,"faqs":406,"industries":434,"comparisons":451,"diy_vs_lawyer":467,"jurisdictions":480,"related_template_ids_curated":501,"schema":514,"classification":515},{"meta_title":177,"meta_description":178,"primary_keyword":179,"secondary_keywords":180},"Real Estate Purchase Agreement Template | BIB","Free real estate purchase agreement template covering price, contingencies, closing, and title. Download in Word, edit online, or export as PDF.","real estate purchase agreement template",[15,181,182,183,184,185,186,187],"real estate purchase contract template","property purchase agreement template","home purchase agreement template","real estate sales contract template","real estate purchase agreement template word","real estate purchase agreement template free","commercial real estate purchase agreement",{"name":189,"credential":190,"reviewed_date":191},"Bruno Goulet","CEO, Business in a Box","2026-05-02",{"difficulty":193,"legal_review_recommended":194,"signature_required":194},"advanced",true,{"what_it_is":196,"when_you_need_it":197,"whats_inside":198},"A Real Estate Purchase Agreement is a legally binding contract between a buyer and a seller that sets out every material term of a property transaction — purchase price, deposit, contingencies, closing date, and transfer of title. This free Word download gives you a structured, attorney-reviewed starting point you can edit online and export as PDF for residential or commercial transactions.\n","Use it when a buyer and seller have agreed in principle on a property sale and need a binding written contract before the closing process begins. It replaces informal offers or letters of intent once both parties are ready to commit to enforceable terms.\n","Property identification, purchase price, earnest money deposit, financing and inspection contingencies, title and closing procedures, representations and warranties, default remedies, and governing law — covering the full lifecycle of a property transaction from acceptance to closing.\n",[200,204,208,212,216,220],{"title":201,"use_case":202,"icon_asset_id":203},"Individual homebuyers","Formalizing the purchase of a residential property with a private seller","persona-homebuyer",{"title":205,"use_case":206,"icon_asset_id":207},"Real estate investors","Documenting the acquisition of rental or investment properties","persona-real-estate-investor",{"title":209,"use_case":210,"icon_asset_id":211},"Small business owners","Purchasing commercial premises for an owner-occupied business","persona-small-business-owner",{"title":213,"use_case":214,"icon_asset_id":215},"Real estate agents and brokers","Drafting offer contracts on behalf of buyer or seller clients","persona-real-estate-agent",{"title":217,"use_case":218,"icon_asset_id":219},"Developers and builders","Acquiring land or existing structures for development projects","persona-developer",{"title":221,"use_case":222,"icon_asset_id":223},"Corporate real estate managers","Executing commercial property acquisitions for company portfolios","persona-operations-director",[225,229,232,236,240,244,248],{"situation":226,"recommended_template":227,"slug":228},"Purchasing a single-family home from a private seller","Residential Real Estate Purchase Agreement","real-estate-purchase-agreement-D13234",{"situation":230,"recommended_template":231,"slug":228},"Acquiring commercial office, retail, or industrial property","Commercial Real Estate Purchase Agreement",{"situation":233,"recommended_template":234,"slug":235},"Buying land without an existing structure","Land Purchase Agreement","land-purchase-agreement-D13424",{"situation":237,"recommended_template":238,"slug":239},"Recording agreed terms before a full contract is drafted","Letter of Intent (Real Estate)","deed-of-sale-real-estate-property-D1172",{"situation":241,"recommended_template":242,"slug":243},"Renting a property with an option to purchase later","Lease-to-Own Agreement","lease-to-own-agreement-D12870",{"situation":245,"recommended_template":246,"slug":247},"Transferring property ownership within a family or trust","Property Transfer Agreement","assignment-of-real-estate-contract-D1158",{"situation":249,"recommended_template":250,"slug":251},"Assigning a purchase contract to a third-party buyer","Assignment of Real Estate Purchase Agreement","assignment-of-real-estate-contract-and-sale-agreement-D1157",[253,256,259,262,265,268,271,274,277,280,283,286],{"term":254,"definition":255},"Earnest Money Deposit","A good-faith payment made by the buyer upon signing, held in escrow and typically applied toward the purchase price at closing.",{"term":257,"definition":258},"Contingency","A condition that must be satisfied before the contract becomes fully binding — common examples include financing approval and a satisfactory home inspection.",{"term":260,"definition":261},"Escrow","A neutral third-party arrangement in which funds or documents are held until all contract conditions are met and closing can proceed.",{"term":263,"definition":264},"Title","The legal right of ownership over a property, including the chain of prior ownership recorded in public land records.",{"term":266,"definition":267},"Clear Title","Title that is free from liens, encumbrances, legal disputes, or other claims that would prevent clean transfer to the buyer.",{"term":269,"definition":270},"Closing","The final step of the transaction where ownership is formally transferred, funds are disbursed, and all documents are signed and recorded.",{"term":272,"definition":273},"Prorations","The division of ongoing costs — property taxes, HOA fees, utilities — between buyer and seller based on their respective ownership periods up to and from the closing date.",{"term":275,"definition":276},"Inspection Contingency","A clause giving the buyer the right to have the property professionally inspected and to negotiate repairs, a price reduction, or cancellation based on the findings.",{"term":278,"definition":279},"Financing Contingency","A clause allowing the buyer to cancel the contract and recover their deposit if they are unable to obtain mortgage financing on the specified terms within a defined period.",{"term":281,"definition":282},"Representations and Warranties","Factual statements made by the seller — and sometimes the buyer — about the condition of the property and their authority to enter the transaction.",{"term":284,"definition":285},"Liquidated Damages","A pre-agreed sum — typically the earnest money deposit — specified in the contract as the seller's exclusive remedy if the buyer defaults.",{"term":287,"definition":288},"Deed","The legal instrument that formally conveys ownership of real property from the seller to the buyer, recorded in the public land registry after closing.",[290,295,300,305,310,315,320,325,330,335],{"name":291,"plain_english":292,"sample_language":293,"common_mistake":294},"Parties and property identification","Names the buyer and seller as legal entities and provides the full legal description of the property being transferred, including parcel number and street address.","This Real Estate Purchase Agreement ('Agreement') is entered into on [DATE] between [SELLER FULL NAME / ENTITY] ('Seller') and [BUYER FULL NAME / ENTITY] ('Buyer'). The property subject to this Agreement is located at [PROPERTY ADDRESS], [CITY], [STATE], legally described as [LEGAL DESCRIPTION], Parcel ID: [PARCEL NUMBER].","Using only the street address and omitting the legal description. Address errors or municipal renumbering can create title disputes — the legal description from the deed is the authoritative identifier.",{"name":296,"plain_english":297,"sample_language":298,"common_mistake":299},"Purchase price and earnest money deposit","States the agreed total purchase price, the amount of the earnest money deposit, the deadline to deliver it, and the escrow agent who will hold it.","The total purchase price is [AMOUNT IN WORDS] ($[AMOUNT IN FIGURES]), payable as follows: Earnest Money Deposit of $[DEPOSIT AMOUNT] to be delivered to [ESCROW AGENT NAME] within [X] business days of execution; balance due at closing.","Not specifying the deposit deadline or escrow agent. Vague deposit terms are the single most common source of early-stage disputes — buyers delay, sellers assume default.",{"name":301,"plain_english":302,"sample_language":303,"common_mistake":304},"Financing contingency","Protects the buyer if they cannot secure a mortgage, specifying the loan amount, interest rate cap, and the number of days to obtain a written commitment before the contract can be cancelled.","This Agreement is contingent upon Buyer obtaining a written mortgage commitment for no less than $[LOAN AMOUNT] at an interest rate not to exceed [X]% per annum, for a term of [X] years, within [X] calendar days of the Effective Date. If Buyer fails to obtain such commitment, Buyer may cancel this Agreement and receive a full refund of the Earnest Money Deposit.","Omitting the interest rate cap. If rates rise between signing and commitment, the buyer may be unable to qualify — without a rate cap, they lose their deposit even though market conditions changed.",{"name":306,"plain_english":307,"sample_language":308,"common_mistake":309},"Inspection contingency","Gives the buyer the right to conduct a professional inspection within a defined period and to request repairs, a price credit, or cancellation if material defects are found.","Buyer shall have [X] calendar days from the Effective Date to conduct, at Buyer's expense, any inspections of the property. If the inspection reveals defects materially affecting value or habitability, Buyer may (a) request written repairs or a price reduction, (b) accept the property as-is, or (c) cancel this Agreement and receive a full refund of the Earnest Money Deposit.","Setting the inspection window too short. Fewer than 10 business days often makes it impossible to schedule and receive a qualified inspector's written report, especially in competitive markets.",{"name":311,"plain_english":312,"sample_language":313,"common_mistake":314},"Title review and clear title obligation","Requires the seller to deliver clear and marketable title at closing and gives the buyer the right to review a title commitment within a specified period and object to encumbrances.","Seller shall deliver, within [X] days of the Effective Date, a title commitment for an owner's policy of title insurance issued by [TITLE COMPANY NAME]. Buyer shall have [X] days to raise written title objections. Seller shall have [X] days to cure objections. If Seller cannot cure, Buyer may cancel and recover all deposits.","No cure period or cancellation right if title cannot be cleared. Buyers who waive this clause can be forced to close on a property with undisclosed liens, easements, or ownership disputes.",{"name":316,"plain_english":317,"sample_language":318,"common_mistake":319},"Closing date, possession, and prorations","Sets the specific closing date, the date the buyer takes physical possession, and how property taxes, HOA fees, and prepaid expenses are allocated between buyer and seller.","Closing shall occur on or before [CLOSING DATE] at the offices of [TITLE / ESCROW COMPANY]. Possession shall be delivered to Buyer on [POSSESSION DATE]. Property taxes, HOA dues, and utility charges shall be prorated as of the Closing Date.","Using 'on or about' instead of a specific date. Vague closing dates make it impossible to calculate prorations accurately and expose both parties to carrying cost disputes.",{"name":321,"plain_english":322,"sample_language":323,"common_mistake":324},"Seller representations and warranties","Records the seller's factual representations about the property — no undisclosed defects, no pending litigation, no violations, and authority to sell.","Seller represents and warrants that, to the best of Seller's knowledge: (a) there are no material defects in the property not disclosed in writing; (b) no litigation or government proceedings are pending affecting the property; (c) all utility services are operational; and (d) Seller has full legal authority to sell the property.","Limiting representations to 'to Seller's actual knowledge' without a disclosure schedule. Without a written disclosure list, buyers have no documentary record of what was and wasn't disclosed at signing.",{"name":326,"plain_english":327,"sample_language":328,"common_mistake":329},"Default and remedies","Specifies what constitutes default by either party and the remedies available — liquidated damages (forfeiture of earnest money) if the buyer defaults, or specific performance or damages if the seller defaults.","If Buyer defaults, Seller's sole remedy shall be retention of the Earnest Money Deposit as liquidated damages. If Seller defaults, Buyer may elect to (a) cancel this Agreement and receive a full refund of all deposits, or (b) pursue specific performance to compel the sale.","No liquidated damages clause on the buyer-default side. Without it, the seller must prove actual damages in court — a lengthy and expensive process for a deposit dispute.",{"name":331,"plain_english":332,"sample_language":333,"common_mistake":334},"AS-IS clause and risk of loss","States whether the property is sold in its present condition without further seller repair obligations, and allocates the risk if the property is damaged or destroyed between signing and closing.","Unless otherwise stated herein, the property is sold AS-IS. Risk of loss or damage to the property shall remain with Seller until closing. If the property is materially damaged prior to closing, Buyer may cancel this Agreement and recover all deposits.","Including an AS-IS clause without a corresponding inspection contingency. Selling AS-IS does not waive disclosure obligations in most jurisdictions — buyers who waive inspection on an AS-IS property have little recourse for latent defects.",{"name":336,"plain_english":337,"sample_language":338,"common_mistake":339},"Governing law and dispute resolution","Specifies the jurisdiction whose law governs the contract and how disputes are resolved — mediation, arbitration, or litigation — and which party pays attorney's fees in the event of a dispute.","This Agreement shall be governed by the laws of [STATE / PROVINCE]. Any dispute arising hereunder shall first be submitted to non-binding mediation. If mediation fails, disputes shall be resolved by binding arbitration in [CITY, STATE]. The prevailing party shall be entitled to recover reasonable attorney's fees and costs.","No attorney's fees clause in a jurisdiction that doesn't award them by default. Without it, winning a $10,000 deposit dispute can cost more in legal fees than the deposit is worth.",[341,346,351,356,361,366,371,376],{"step":342,"title":343,"description":344,"tip":345},1,"Identify the parties and property correctly","Enter the full legal names of buyer and seller — individuals use their legal names as they appear on government ID; entities use the registered corporate name. Include the full legal description of the property from the current deed, not just the street address.","Request the legal description from the county recorder's office or the seller's title insurance commitment before drafting — copying it from Zillow or MLS listings is unreliable.",{"step":347,"title":348,"description":349,"tip":350},2,"Set the purchase price and deposit terms","State the total purchase price in both words and figures. Set the earnest money deposit amount (typically 1–3% of purchase price), the delivery deadline in business days, and name the escrow agent or title company holding the funds.","A higher deposit — 3–5% — signals buyer seriousness and can differentiate a competitive offer. Make sure the escrow agent is a licensed title company or real estate attorney, not an individual.",{"step":352,"title":353,"description":354,"tip":355},3,"Draft the financing contingency with specific loan terms","Specify the loan amount, maximum interest rate, loan term in years, and the commitment deadline in calendar days. Match these parameters to the pre-approval letter the buyer already holds.","Set the commitment deadline at least 21 days out — most lenders need 15–21 days minimum for a written commitment even with a complete application.",{"step":357,"title":358,"description":359,"tip":360},4,"Set the inspection period and define buyer's election rights","Allow at least 10 business days for inspections. Explicitly list the three buyer elections after inspection — request repairs, accept as-is, or cancel — so neither party can dispute the scope of the inspection right.","Encourage buyers to schedule the inspection the day the contract is signed, not the last day of the window. Inspector availability and report turnaround can consume the full period.",{"step":362,"title":363,"description":364,"tip":365},5,"Complete the title and closing provisions","Name the title company, set the deadline for the title commitment, the buyer's objection period, the seller's cure period, and the specific closing date. Confirm possession timing — same day as closing is standard for vacant properties; negotiate a post-closing occupancy agreement if the seller needs extra time.","Avoid closing on a Friday — wire transfer delays on Fridays push funding to Monday in many states, creating a possession limbo over the weekend.",{"step":367,"title":368,"description":369,"tip":370},6,"Complete the seller's disclosure schedule","Attach a written property disclosure schedule listing any known material defects, past repairs, boundary disputes, environmental issues, and HOA violations. Reference it in the representations and warranties clause.","Many states require a specific statutory disclosure form — confirm the applicable form for the property's state and attach it as Exhibit A to the contract.",{"step":372,"title":373,"description":374,"tip":375},7,"Review default and remedies language before signing","Confirm that the buyer-default remedy is limited to liquidated damages equal to the earnest money deposit, and that the seller-default remedy includes both cancellation with deposit refund and specific performance. Have both parties initial the remedies clause to confirm they have read it.","In California, both parties must initial the liquidated damages clause separately for it to be enforceable — check whether your state has the same requirement.",{"step":377,"title":378,"description":379,"tip":380},8,"Execute with wet or electronic signatures before the deposit deadline","Both buyer and seller must sign and date the agreement. In most US states, electronic signatures are valid for real estate contracts under the ESIGN Act, but confirm this for the specific jurisdiction. Deliver a fully executed copy to the escrow agent when transmitting the deposit.","Timestamp execution carefully — the 'Effective Date' (the date the last party signs) starts the clock on every contingency deadline in the contract.",[382,386,390,394,398,402],{"mistake":383,"why_it_matters":384,"fix":385},"Using only the street address to identify the property","Address errors, municipal renumbering, and informal descriptions have voided closings and triggered title claims. The legal description from the deed is the only unambiguous identifier recognized by courts and title companies.","Pull the exact legal description from the county land records or the seller's existing title policy and copy it verbatim into the contract.",{"mistake":387,"why_it_matters":388,"fix":389},"Waiving the inspection contingency without an AS-IS clause and price adjustment","Buyers who waive inspection to win a bidding war have no contractual basis to demand repairs or cancellation if significant defects are found before closing — the deposit is at risk.","If waiving inspection is unavoidable in a competitive market, conduct a pre-offer walkthrough with a contractor, and negotiate an AS-IS price that reflects the condition risk.",{"mistake":391,"why_it_matters":392,"fix":393},"Setting a closing date without a time-is-of-the-essence clause","Without this clause, courts in many jurisdictions treat closing dates as approximate rather than binding. Sellers who need to close on a specific date to fund a simultaneous purchase are exposed to costly delays.","Add a time-is-of-the-essence clause and include a per-day carrying cost charge for any delay caused by the defaulting party.",{"mistake":395,"why_it_matters":396,"fix":397},"Omitting the financing contingency interest rate cap","If market rates rise between signing and the commitment deadline, a buyer can be denied at the original qualifying rate and lose their deposit even though the property, seller, and buyer are unchanged.","Include an interest rate cap at least 0.5% above the current market rate to protect against near-term volatility while still binding the buyer to a realistic threshold.",{"mistake":399,"why_it_matters":400,"fix":401},"No written seller disclosure schedule attached to the contract","Verbal disclosures are nearly impossible to prove post-closing. Sellers who rely on 'I told the agent' have been held liable for undisclosed defects when there is no written record.","Attach a completed property disclosure form as Exhibit A and have the seller sign it separately. Use the state-specific statutory form where one is required.",{"mistake":403,"why_it_matters":404,"fix":405},"Liquidated damages clause that favors only the seller","A clause limiting buyer-default damages to the deposit is fair only if the buyer also has a specific-performance right for seller default. A one-sided remedy clause is often struck down by courts as unconscionable.","Draft symmetric remedies: deposit forfeiture for buyer default; buyer's election of deposit refund or specific performance for seller default.",[407,410,413,416,419,422,425,428,431],{"question":408,"answer":409},"What is a real estate purchase agreement?","A real estate purchase agreement is a legally binding contract between a buyer and a seller that records every material term of a property sale — price, deposit, contingencies, closing date, title requirements, and default remedies. Once signed by both parties, it creates enforceable obligations and governs the transaction through to closing. It is distinct from an offer letter or letter of intent, which are typically non-binding.\n",{"question":411,"answer":412},"What is the difference between a purchase agreement and a deed?","A purchase agreement is the contract that governs the sale process before closing — it sets the terms and conditions the parties must fulfill. A deed is the legal instrument that actually transfers ownership at closing and is recorded in the public land registry. The purchase agreement creates the obligation to transfer; the deed executes the transfer. Both documents are essential to a complete real estate transaction.\n",{"question":414,"answer":415},"What contingencies should be included in a real estate purchase agreement?","The three most important contingencies are financing (the buyer's right to cancel if they cannot obtain a mortgage on the specified terms), inspection (the right to conduct due diligence and negotiate based on findings), and title (the right to clear title free from liens and encumbrances). In some markets, an appraisal contingency — allowing cancellation if the property appraises below the purchase price — is also standard. Each contingency should include a specific deadline and clearly defined buyer elections.\n",{"question":417,"answer":418},"Is a real estate purchase agreement legally binding?","Yes, a properly executed real estate purchase agreement is generally legally binding on both buyer and seller once signed. To be enforceable in most jurisdictions, it must identify the parties, describe the property with sufficient certainty, state the purchase price, and be signed by both parties. Some jurisdictions require additional formalities — such as witnesses or specific disclosure forms — and consider consulting a real estate attorney in your jurisdiction before relying solely on a template.\n",{"question":420,"answer":421},"What happens to the earnest money deposit if the deal falls through?","The outcome depends on why the deal fell through and what the contract says. If the buyer cancels within a valid contingency — financing, inspection, or title — the deposit is typically refunded in full. If the buyer defaults outside a contingency, the seller usually retains the deposit as liquidated damages. If the seller defaults, the buyer is generally entitled to a full refund and may also have the right to pursue specific performance to compel the sale.\n",{"question":423,"answer":424},"Can a seller back out of a real estate purchase agreement?","A seller who backs out without cause is in breach of contract. The buyer's typical remedies are a full refund of the earnest money deposit plus any documented costs, or specific performance — a court order requiring the seller to complete the sale. Specific performance is available for real estate contracts in most jurisdictions because every property is considered unique. Sellers should not sign a purchase agreement unless they are certain they intend to close.\n",{"question":426,"answer":427},"Do I need a lawyer for a real estate purchase agreement?","For straightforward residential transactions handled through a licensed real estate agent and a title company, a high-quality template reviewed by a real estate attorney typically provides adequate protection. Legal counsel is strongly recommended for transactions above $500,000, commercial acquisitions, properties with environmental or title issues, cross-border purchases, and any transaction where the parties are negotiating custom terms outside a standard form. Attorney fees for a real estate contract review typically run $300–$800.\n",{"question":429,"answer":430},"What disclosures is a seller required to make?","Disclosure requirements vary by jurisdiction but generally require sellers to disclose known material defects — structural issues, roof condition, water damage, pest infestations, environmental hazards, and boundary disputes. In the US, federal law requires disclosure of known lead-based paint for pre-1978 homes. Many states mandate a specific statutory disclosure form. Failing to disclose known material defects can expose sellers to rescission of the contract and damages after closing.\n",{"question":432,"answer":433},"How long does it take to close after signing a purchase agreement?","Residential transactions typically close 30 to 60 days after the purchase agreement is signed, depending on financing timelines, title search complexity, and negotiated repair periods. Cash transactions can close in as few as 7–14 days. Commercial transactions routinely take 60–120 days due to more complex due diligence, zoning reviews, and environmental assessments. The closing date in the contract should reflect realistic timelines, not aspirational ones.\n",[435,439,443,447],{"industry":436,"icon_asset_id":437,"specifics":438},"Residential real estate","industry-real-estate","Standard contingency package (financing, inspection, appraisal), lead paint disclosure for pre-1978 homes, and HOA document review periods.",{"industry":440,"icon_asset_id":441,"specifics":442},"Commercial real estate","industry-commercial-real-estate","Environmental Phase I/II assessment contingencies, zoning confirmation, estoppel certificates from existing tenants, and longer due diligence periods of 30–60 days.",{"industry":444,"icon_asset_id":445,"specifics":446},"Real estate investment","industry-real-estate-investor","Assignment clauses allowing wholesalers to transfer contracts to end buyers, inspection waivers on distressed properties, and cash-close timelines of 7–14 days.",{"industry":448,"icon_asset_id":449,"specifics":450},"Construction and development","industry-construction","Land purchase agreements with entitlement contingencies, soil testing rights, utility availability confirmation, and extended closing timelines tied to permit approvals.",[452,455,459,463],{"vs":238,"vs_template_id":453,"summary":454},"letter-of-intent-D12753","A letter of intent summarizes proposed deal terms as a non-binding starting point for negotiation — it does not create an obligation to buy or sell. A purchase agreement is fully binding once signed. Use an LOI to test alignment before committing to drafting costs; use the purchase agreement once both parties are ready to be legally bound.",{"vs":456,"vs_template_id":457,"summary":458},"Lease Agreement","commercial-lease-agreement-D13235","A lease agreement transfers the right to occupy a property for a defined period in exchange for rent — it does not transfer ownership. A purchase agreement transfers title. Lease-to-own arrangements combine elements of both, but require a separate option-to-purchase clause to give the tenant an enforceable right to buy.",{"vs":460,"vs_template_id":461,"summary":462},"Quitclaim Deed","D{QUITCLAIM_DEED_ID}","A quitclaim deed transfers whatever ownership interest the grantor holds without any warranty of clear title — commonly used for family transfers, divorce settlements, or trust funding rather than arm's-length sales. A purchase agreement is the governing contract for a negotiated sale with full title warranties, contingencies, and deposit protections.",{"vs":464,"vs_template_id":465,"summary":466},"Assignment of Purchase Agreement","D{ASSIGNMENT_PURCHASE_AGREEMENT_ID}","An assignment of purchase agreement transfers a buyer's contractual rights under an existing purchase agreement to a third party — common in real estate wholesaling. The original purchase agreement must contain a permissive assignment clause for this to be enforceable. The assignment does not replace the purchase agreement; it operates alongside it.",{"use_template":468,"template_plus_review":472,"custom_drafted":476},{"best_for":469,"cost":470,"time":471},"Straightforward residential transactions handled through a licensed agent and title company in a standard-form jurisdiction","Free","30–60 minutes to complete",{"best_for":473,"cost":474,"time":475},"Transactions above $300,000, any property with known title issues, environmental concerns, or custom contingency terms","$300–$800 for a real estate attorney review","1–3 business days",{"best_for":477,"cost":478,"time":479},"Commercial acquisitions, multi-parcel transactions, cross-border purchases, or properties with complex title, zoning, or environmental histories","$1,500–$5,000+","1–3 weeks",[481,486,491,496],{"code":482,"name":483,"flag_asset_id":484,"note":485},"us","United States","flag-us","Real estate law is primarily state law in the US — contract requirements, disclosure obligations, and closing procedures vary significantly by state. Most states require a written contract under the Statute of Frauds. California mandates specific disclosure forms and requires both parties to separately initial the liquidated damages clause. Some states — including Georgia and South Carolina — require an attorney to be present at closing. Check the applicable state association of Realtors form requirements before using a generic template.",{"code":487,"name":488,"flag_asset_id":489,"note":490},"ca","Canada","flag-ca","Real estate transactions in Canada are governed provincially. Ontario and British Columbia use standardized forms produced by OREA and BCREA respectively — parties using custom agreements should ensure they meet provincial requirements. Quebec transactions must comply with the Civil Code and typically involve a notary rather than a title company. Non-resident buyers in Canada face additional FINTRAC reporting and the federal Foreign Buyer Ban restrictions introduced in 2023.",{"code":492,"name":493,"flag_asset_id":494,"note":495},"uk","United Kingdom","flag-uk","In England and Wales, a property transaction proceeds through 'exchange of contracts' followed by 'completion' — the equivalent of signing and closing. Contracts are not binding until exchange, and either party can withdraw before that point without penalty. Scotland uses a different system where a concluded missives creates a binding contract. Conveyancing is handled by a solicitor or licensed conveyancer rather than a title company.",{"code":497,"name":498,"flag_asset_id":499,"note":500},"eu","European Union","flag-eu","EU member states each have distinct property law regimes. In France, Germany, and Spain, a notary is required to authenticate the deed of sale — the purchase agreement (compromis de vente in France, Kaufvertrag in Germany) precedes the notarial act. GDPR obligations apply to personal data collected during the transaction. Non-EU buyers may face additional restrictions or reporting requirements depending on the member state and nationality.",[502,503,504,505,506,507,508,509,510,511,512,513],"letter-of-intent_acquisition-of-business-D5197","lease-agreement-D1179","non-disclosure-agreement-nda-D12692","checklist-customer-due-diligence-D13916","property-management-agreement-D1196","lease-agreement-D12711","bill-of-sale-D1229","promissory-note-D434","general-power-of-attorney-D1037","contract-addendum-D13172","escrow-agreement-D1173","independent-contractor-agreement-D160",{"emit_how_to":194,"emit_defined_term":194},{"primary_folder":94,"secondary_folder":516,"document_type":517,"industry":518,"business_stage":519,"tags":520,"confidence":524},"real-estate-and-leases","agreement","real-estate","all-stages",[518,521,522,523],"contract","purchase-agreement","property-transaction",0.95,"\u003Ch2>What is a Real Estate Purchase Agreement?\u003C/h2>\n\u003Cp>A \u003Cstrong>Real Estate Purchase Agreement\u003C/strong> is a legally binding contract between a buyer and a seller that governs every material term of a property transaction — purchase price, earnest money deposit, financing and inspection contingencies, title requirements, closing date, and default remedies. Unlike an informal offer or letter of intent, a signed purchase agreement creates enforceable obligations on both parties and establishes the legal framework that guides the transaction from acceptance through to the transfer of title at closing. It is the foundational document of any real estate sale, whether residential or commercial, and must satisfy the Statute of Frauds requirements applicable in the governing jurisdiction to be valid.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Proceeding with a property transaction without a properly drafted purchase agreement exposes both buyer and seller to serious financial and legal risk. Without clear contingency language, a buyer who cannot obtain financing or discovers a major structural defect has no contractual basis to cancel and recover their deposit. Without a written disclosure schedule and representations clause, a seller who fails to mention a known defect faces post-closing rescission claims and damages. Without a specific closing date tied to time-is-of-the-essence language, either party can delay indefinitely while the other incurs carrying costs, rate lock expirations, and opportunity losses. A complete purchase agreement eliminates these gaps — establishing exactly what each party must do, by when, and what happens if they don't — before any money changes hands.\u003C/p>\n",1778773506483]