Real Estate Legally Binding Agreement Form

I. Parties Involved

This Real Estate Legally Binding Agreement ("Agreement") is made and entered into on by and between:

, a company registered under the laws of , having its principal place of business at , represented by , , hereinafter referred to as the "Seller",

AND

, a company registered under the laws of , having its principal place of business at , represented by , , hereinafter referred to as the "Buyer".

II. Property Details

The Seller agrees to sell and the Buyer agrees to purchase the following real property ("Property"):

Address:
Legal Description:
Parcel Number:

III. Purchase Price and Payment Terms

The total purchase price for the Property shall be $ ( ).
The Buyer shall make a down payment of $ ( ) upon signing this Agreement.
The remaining balance of the purchase price shall be paid by the Buyer to the Seller through on or before .

IV. Conditions of Sale

Title Examination: The Buyer shall have days from the date of this Agreement to conduct a title examination on the Property.
Inspection: The Buyer shall have days from the date of this Agreement to conduct any inspections deemed necessary on the Property.
Appraisal: The sale of the Property is contingent upon the Property appraising for at least the purchase price.

V. Closing Date

The closing of the sale shall take place on or before . The closing shall occur at a mutually agreed location.

VI. Closing Costs

The Seller shall be responsible for , and the Buyer shall be responsible for . Any other closing costs shall be split equally between the parties.

VII. Representations and Warranties

Seller's Representations: The Seller represents and warrants that they have good and marketable title to the Property, free and clear of any encumbrances, except as otherwise disclosed.
Buyer's Representations: The Buyer represents and warrants that they have the financial means to purchase the Property as outlined in this Agreement.

VIII. Default and Remedies

Default: In the event of default by either party, the non-defaulting party shall have the right to pursue any and all remedies available under the law.
Costs and Expenses: In the event of default by the Buyer, the Seller shall be entitled to retain the down payment as liquidated damages. In the event of default by the Seller, the Buyer shall be entitled to specific performance or other appropriate equitable relief.

IX. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of .

X. Entire Agreement

This Agreement constitutes the entire understanding and agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements, whether written or oral, relating to such subject matter.