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Real Estate transactions require properly executed contracts and forms. U.S. Legal Forms, Inc. offers a variety of residential and commercial property contracts for all 50 states.
Select the real estate forms and contracts that you need from the links below.
Real estate purchase contracts are essential and must be properly drafted to avoid costly mistakes and misunderstandings. Due to the large amounts invested when dealing with a contract to purchase real estate, it is vital to make sure to use the correct purchase contract form. US Legal Forms offers a purchase contract template that can be used for a commercial real estate purchase contract or a home purchase contract template used for a residential land purchase contract. A home sales package with all the residential contracts you need for a home purchase agreement is available at a substantial discount. We also offer a lease to purchase contract, which is a contract to purchase real estate in which rent payments are applied the real estate purchase price. A sample real estate purchase contract template may be previewed before downloading.
A real estate purchase agreement must be written into a sales contract according to state laws. A sales contract for real estate falls under the statute of frauds, which requires a written real estate purchase contract form. Similarly, a lease purchase agreement contract needs to be in writing. By having a written purchase contract, real estate transactions are less subject to problems such as fraud and mistake.
When creating a purchase contract, other documents such as a seller's disclosure or lead paint disclosure, promissory note, power of attorney, etc. may also be required. US Legal Forms offers professionally drafted real estate forms to meet all of your real estate purchase agreement needs. We also offer a home sales package with all the forms at one low price for those creating a home purchase agreement. Our residential contracts are the same documents used by attorneys, making it easy to create a home purchase contract.
Lease purchase contracts are forms of owner financed purchase contracts. Also called a contract for deed or land contract, they are a popular real estate purchase contract form that applies rent toward the purchase price. Rent paid by the buyer is equal to installment payments on a promissory note. A lease to purchase contract is an important tool that can be used to create purchase contracts on properties that have been on the market a long time. A lease purchase agreement contract is also commonly used when the buyer doesn't qualify for a mortgage with a commercial lender.
In addition to a purchase contract sample, we also offer related forms such as:
A real estate purchase contract is required by a law in every state called the statute of frauds. Real estate purchase contracts must be in writing according to the statute of frauds. This rule also applies to a lease purchase agreement contract. By putting a land purchase contract or lease purchase contract in writing, there are less chances of fraud, mistake, and other problems in the chain of title.
The answer will depend on whether you create a commercial real estate purchase contract or home purchase contract. Generally, purchase contracts must contain basics such as the names of the parties, identification of the property, sales price and payment terms and dates, occupancy/possession date, any warranties, and provisions for payment of closing costs, property tax and insurance.
US Legal Forms offers a home sales package that contains an offer to purchase, a home purchase contract template, seller's disclosure, and lead disclosure forms, at a substantial discount. We also have many individual forms that might accompany a real estate purchase contract template, such as:
A lease purchase agreement is a real estate purchase contract form in which rent is essentially an installment payment toward the purchase price. A lease to purchase agreement is a form of owner financing that is often used when the buyer doesn't qualify for a commercial loan or the property has been on the market for an extended period. Lease purchase contracts are also referred to as rent to own, contract for deed, or land contract agreements.
The answer will depend on whether a house purchase contract or lease is involved. We offer forms for extension of lease to renew or extend a lease and also early lease termination agreements and notices to end a lease early. For a sales contract for lots or land, we offer addendum forms that can be used to change the terms of an existing purchase contract form.
Each page of the purchase contract form should be initialed by the parties. The real estate purchase contract form must be signed at the bottom by the buyer and seller. A receipt of earnest money may also be signed.