REAL PROPERTY PURCHASE AGREEMENT
THIS AGREEMENT, made and entered into as of April 15, 2050, by and between:
SELLER: [Your Company Name]
Address: [Your Company Address]
Email: [Your Company Email]
BUYER: StronkCo
Address: Minneapolis, MN 55401
Email: inquire@stronkco.mail
RECITALS
WHEREAS, the Seller agrees to sell and the Buyer agrees to purchase the real property located at 478 Pioneer Lane, Minneapolis, MN 55401, according to the terms of this Agreement;
NOW, THEREFORE, for and in consideration of the mutual promises and covenants hereinafter set forth, the parties agree as follows:
1. DESCRIPTION OF THE PROPERTY
Address: 478 Pioneer Lane, Minneapolis, MN 55401
Type of Property: Commercial Property
Size: 12,000 Square Feet
Parcel Number: 123-456-789
Legal Description: Lot 2, Block 3, Pioneer Subdivision, Hennepin County, Minnesota.
2. PURCHASE PRICE
Total Purchase Price: $2,500,000
Deposit: $250,000 (Paid upon execution of this Agreement)
Remaining Balance: $2,250,000 (Payable at Closing)
The Buyer shall transfer the remaining balance to the Seller by wire transfer at the time of closing, unless otherwise agreed by both parties.
3. CLOSING
Closing Date: No later than July 10, 2050.
Closing Location: At a mutually agreed upon location or via electronic closing.
Closing Costs
Seller's Responsibilities: Seller will pay the cost of deed preparation, title search, and recording fees.
Buyer's Responsibilities: Buyer is responsible for title insurance, survey costs, closing agent fees, and applicable transfer taxes.
Documents Required for Closing:
A deed transferring title from Seller to Buyer.
Title report confirming the Property is free from encumbrances.
Any additional documents required by the Buyer’s lender (if applicable).
4. WARRANTIES
Seller’s Warranties:
Seller warrants that they have clear title to the Property.
The Property is free from any undisclosed encumbrances.
Buyer’s Warranties:
The Buyer has examined all documents and is satisfied with the Property's condition.
Buyer is financially able to complete the purchase.
5. DEFAULT AND REMEDIES
In the event of default by either party:
Seller’s Default:
If Seller fails to meet the terms of this Agreement, Buyer may:
Buyer’s Default:
If Buyer fails to meet the terms of this Agreement, Seller may:
6. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of Minnesota.
7. SIGNATURES
For Seller: [Your Company Name]
By: [Your Name]
Title: President
Date: April 15, 2050
For Buyer: StronkCo
By: Elvie Block
Title: Chief Operations Officer
Date: April 15, 2050
For any inquiries, please contact [Your Name] at [Your Email] or [Your Company Email].
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