Purchase Agreement
A purchase agreement is the primary contract between buyer and seller outlining all terms and conditions of the property sale transaction.
| Essential Terms | Requirement |
| Parties | Buyer and seller identified |
| Property | Complete description and location |
| Price | Total purchase amount |
| Payment terms | Schedule and method |
| Completion date | Transfer timeline |
| Conditions | Contingencies if any |
| Additional Provisions | Dispute resolution |
| Fixtures | What remains with property |
| Title requirements | Clear title delivery |
| Warranties | Seller representations |
| Default terms | Consequences of breach |
| Dispute resolution | Arbitration or litigation |
Related Terms
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