Real Estate Purchase Contract (Commercial Short Form) | Pdf Fpdf Docx | Illinois

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Real Estate Purchase Contract (Commercial Short Form) | Pdf Fpdf Docx | Illinois

Last updated: 10/22/2024

Real Estate Purchase Contract (Commercial Short Form)

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Description

REAL ESTATE PURCHASE CONTRACT (COMMERCIAL SHORT FORM). This is a legal document used in commercial real estate transactions, outlining the agreement between the seller and purchaser for the sale of a property. It includes details about the property being sold, the purchase price, and payment conditions. The contract specifies the seller's obligations to provide a warranty deed and necessary documents at closing, as well as the requirement for title insurance. It outlines the earnest money deposit and conditions for its forfeiture or return, as well as the need for property surveys and inspections. The contract lists contingencies that must be satisfied before the sale can proceed, describes the closing process, and includes the seller's representations about the property's condition and compliance with laws. www.FormsWorkflow.com

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