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Get Termination And Release Of Contract - Greater Louisville
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How to fill out the TERMINATION And RELEASE OF CONTRACT - GREATER LOUISVILLE online
Filling out the Termination and Release of Contract form for Greater Louisville is an important process for finalizing the termination of a residential sales contract. This guide will provide you with clear and concise steps to help you navigate the online form effectively.
Follow the steps to complete the form accurately.
- Press the ‘Get Form’ button to access the form and open it in your preferred online editor.
- Enter the date of the agreement in the designated space: 'this _______ day of __________, 20____'. This indicates when you and the other party are officially terminating the contract.
- Identify and enter the names of the parties involved in the original residential sales contract in the specified fields. Ensure to include all relevant parties to validate the agreement.
- Specify the property location that relates to the original contract. Include complete details of the real estate to clarify what property the termination relates to.
- Review the section stating the mutual agreement of the parties to terminate the contract. This text affirms that all parties acknowledge mutual consent.
- Complete the section regarding the Earnest Money Deposit. Indicate whether it shall be returned to the Buyer or paid to the Seller, by checking the appropriate box.
- Fill in today's date again to confirm the agreement with the current date.
- Require signatures and dates from the Seller and Buyer in the relevant sections. Ensure all parties involved sign, as the signatures complete the legal binding of the termination.
- Have the Listing Broker and Selling Broker add their signatures and company names in the specified sections if applicable. This validates the representation in the transaction.
- Upon completion, review the form for accuracy. You can then choose to save your changes, download, print, or share the finalized document as needed.
Complete your documents online with confidence and ensure your agreements are properly managed.
Terminating is when one party declares the contract is at an end. Releasing the contract means both parties agree that it's over. Brokers Guide: Termination and Release | Virginia REALTORS virginiarealtors.org https://virginiarealtors.org › uploads › 2017/02 › Termin... virginiarealtors.org https://virginiarealtors.org › uploads › 2017/02 › Termin...
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