Real Estate Buyout Agreement Template

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Sample

Real Estate Buyout Agreement Template

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Real Estate Buyout Agreement Template (1)
Between:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
Introduction:
This document serves to formalize the buyout agreement for the property located at [Property Address], dated [Agreement Date], detailing the terms and conditions under which the Seller agrees to sell and the Buyer agrees to purchase the property.
Clause 1: Description of Property
The property being bought out is described as follows: [Property Description, including size, type, and any pertinent details].
Clause 2: Purchase Price
The total purchase price for the property shall be [Amount], to be paid as follows: [Specify payment terms, including deposit amount and payment schedule].
Clause 3: Closing Date
The closing of the sale shall occur on or before [Closing Date], unless extended by mutual agreement in writing.
Clause 4: Due Diligence
The Buyer shall have the right to conduct due diligence, including inspections and appraisals, prior to the closing date. All inspections must be completed by [Due Diligence Deadline].
Clause 5: Representations and Warranties
The Seller represents that they are the rightful owner of the property and have the power to sell it. The Buyer acknowledges that they have inspected the property and accept it in its current condition.
Clause 6: Default and Remedies
In the event that either party fails to fulfill their obligations under this agreement, the other party shall have the right to seek remedies, including the right to retain the deposit and pursue legal action.
Clause 7: Governing Law
This agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]
Real Estate Buyout Agreement Template (2)
Between:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
Introduction:
This agreement establishes the terms for the buyout of the property situated at [Property Address], effective from [Agreement Date].
Clause 1: Property Details
The Property consists of: [Detailed description of the property, including any fixtures or included items].
Clause 2: Payment Terms
The agreed purchase price is [Amount], to be structured as follows: [Detailed payment structure, including deposit and financing terms].
Clause 3: Timeline for Closing
The closing shall take place no later than [Closing Date], unless otherwise agreed upon by both parties in writing.
Clause 4: Inspection and Contingencies
The Buyer has a period of [Inspection Period] to conduct satisfactory inspections. If unsatisfactory, the Buyer may withdraw without penalty.
Clause 5: Seller’s Disclosure
The Seller discloses the following information about the property: [List any known defects, zoning issues, or other relevant information].
Clause 6: Non-Compliance
Failure by either party to comply with this agreement shall result in: [Specify consequences, including loss of deposit or legal recourse].
Clause 7: Entire Agreement
This document reflects the complete agreement between the parties and supersedes any prior understanding, whether written or oral.
Signed in [City], [Date].
Sincerely,
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]

Form

Please complete the form below to create the Real Estate Buyout Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Real Estate Buyout Agreement Template

1. Seller Information


2. Buyer Information


3. Property Details


4. Purchase Price

5. Payment Terms

6. Contingencies

7. Closing Date

8. Disclosures

9. Signatures and Acceptance

10. Declaration and Signatures




PDF


WORD

Printable

Real Estate Buyout Agreement Template

Printable | Editable Form




Real Estate Buyout Agreement Template