Last updated: 1/29/2024
Contract Of Sale-New Construction (Short - Plain English)
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Description
CONTRACT OF SALE-NEW CONSTRUCTION. This form is a legal agreement between a seller (a domestic corporation) and a purchaser for the sale of a newly constructed property. Key points include the description of the premises, the seller's commitment to construct a specified residence, conditions for material substitutions, the purchase price and payment terms, a mortgage contingency, responsibilities for closing costs, title-related provisions, restrictions on signage by the purchaser, and details regarding taxes, municipal approvals, and well drilling. The contract outlines the process, responsibilities, and conditions associated with the sale of the property. www.FormsWorkflow.com