What is an example of a clause in real estate?

Eg. Conditional upon Buyer getting Financing (mortgage approval) or Conditional upon Inspection of the property by a home Inspector. If there is a Condition on Financing & Inspection (for example) for 5 days, it means the Seller has agreed to accept the Buyer's offer and can't accept any other offers.

US Legal Forms
Forms Kit
Real Estate
Multi-State
Contract for the Lease and Mandatory Purchase of Real Estate -...

Real Estate Contract Clauses Examples In Bexar

Q: What is an example of the as is clause in a real estate contract?

Example1: The Buyer acknowledges that the property is being sold &#039;as is&#039; with all faults and defects, whether known or unknown, presently existing or that may hereafter arise. The Seller makes no warranties or representations of any kind regarding the condition of the property.

Category:

Landlord Tenant - Residential Leases - Purchase Options

State:

Multi-State

County:

Bexar

Control #:

US-00120

Format:

Instant download

This form is part of a form package!

Get all related documents in one bundle, so you don’t have to search separately.

View package

Description

The Contract for the Lease and Mandatory Purchase of Real Estate outlines essential clauses for real estate transactions, specifically tailored for Bexar. It includes provisions for leasing terms, rent details, utility responsibilities, property alterations, and compliance with local regulations. Key features are clearly defined and include a mandatory purchase agreement, earnest money requirements, and title transfer details. Filling instructions emphasize the importance of accurate completion and the inclusion of necessary disclosures, particularly regarding lead-based paint for pre-1978 properties. This form is useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it clarifies the obligations and rights of both parties in real estate transactions. The structured format simplifies the process, making it accessible for users with varying levels of legal experience, while ensuring compliance with relevant laws. The inclusion of specific clauses for defaults, closing costs, and insurance further enhances its utility in real estate dealings.

Form landlord tenant sample form

View this form

Home Foreclosure Prevention Package

View this form

Option to Purchase - Short Form

View this form

Corporate Resolution for LLC

View this form

Anders Briefs and Motions to Withdraw

View this form

Waiver and Release From Liability For Adul...

View this form

Letter to Client - Termination of Represen...

View this form

General Form of Storage Order and Agreement

View this form

Sale of Assets of Corporation with No Nece...

View this form

Covenant Not to Sue by Widow of Deceased S...

View this form

Resignation of Officer or Director and Acc...

View this form

Form popularity

FAQ

Eg. Conditional upon Buyer getting Financing (mortgage approval) or Conditional upon Inspection of the property by a home Inspector. If there is a Condition on Financing & Inspection (for example) for 5 days, it means the Seller has agreed to accept the Buyer's offer and can't accept any other offers.

Even if a written contract is not required, it is always a good idea to have a written agreement. A written agreement does not have to be a formal or complex contract, and it can be handwritten. It must contain the terms of the agreement and be signed by both parties.

Example1: “The Buyer acknowledges that the property is being sold 'as is' with all faults and defects, whether known or unknown, presently existing or that may hereafter arise. The Seller makes no warranties or representations of any kind regarding the condition of the property.”

As public records, contract forms adopted by the Texas Real Estate Commission are available to any person. Real estate license holders are required to use these forms. However, TREC contract forms are intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use.

In Texas, while buyers and sellers can draft their own real estate contract forms, it is highly advisable to seek professional assistance from legal experts, the Texas Real Estate Commission (TREC), or real estate professionals to ensure the document adheres to the intricacies of state laws and provides comprehensive ...

5 Steps to Execute an Affidavit of Memorandum Draft the affidavit, including all necessary details and components. Have the affidavit notarized by a licensed notary public to authenticate the claimant's signature. File the affidavit with the county clerk's office where the property is located.

An MOU is a formal, yet non-binding agreement that outlines the present intentions, roles, and objectives of the parties involved in a collaboration. It is not legally enforceable like a contract.