Fillable Printable Purchase of Premises Form
Fillable Printable Purchase of Premises Form
Purchase of Premises Form
RIDER ATTACHED TO AND MADE A PART OF CONTRACT
BETWEEN; and CONCERNING
1. Any notice to be given under this contract may be given by or between the respective
attorneys.
2. Said premises are sold subject to any state of facts an accurate survey may show,
provided same does not render title unmarketable and subject to covenants, restrictions,
easements and reservations of record, if any, provided same do not prohibit the use and
occupancy of present structures.
3. The purchasers represent that they have examined the premises and that the seller has
made no representations or warranties as to the condition thereof. The purchasers agree
to accept the premises in an "AS IS" condition in all respects, except that the heating,
electrical and plumbing systems will be in working order at closing, and the roof free of
leaks. This representation shall not survive delivery of the deed. Purchasers shall be
entitled to make an inspection of the premises prior to closing of title.
4. Sellers represent that the entire premises portion of the premises occupied by the seller
will be vacant and broom clean at closing.
5. Subject to the ability of the purchaser to obtain at purchasers sole cost and expense, a
mortgage loan in the sum of $ for 30 years. The purchaser agrees to immediately apply
for such mortgage commitment, and to execute and furnish all necessary documents and
instruments that may be required to secure such mortgage commitment.
6. In the event that a firm mortgage commitment is not obtained within 45 days from the
date of receipt of two fully executed copies of the contract of sale, then either party upon
written notice to the other may cancel this contract and all sums deposited hereunder shall
be refunded to purchaser. Upon such repayment this contract shall be deemed cancelled
and null and void.
7. In the event the seller, or any of the principals, stockholders, directors, officers or
employers of the seller herein are licensed Real Estate Brokers, the purchasers
acknowledges that full disclosure of this fact has been made to them.
8. The downpayment herein shall be held in escrow by sellers attorney until clos ing.
9. The seller represents that the premises is a legal _____ family dwelling. Seller shall
deliver a valid, unexpired certificate of occupancy for the entire premises as existing at
closing, in a form acceptable to purchaser, purchaser's title company and purchaser's
lending institution.
10. The purchaser shall have ten days to obtain a termite inspection of the premises at
his own cost and expense. In the event that said inspection reveals infestation, the seller
may cure the defect or cancel this contract.
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