A Purchase Agreement for the Sale of City Owned Property is a legal document that outlines the terms and conditions of a sale between a city and a buyer for property owned by the city. The agreement typically covers the price, payment terms, closing date, and other details related to the sale. There are two main types of Purchase Agreement for the Sale of City Owned Property: sealed bid and negotiated sale. Sealed bids are generally conducted when the city wants to maximize the sale price and involves potential buyers submitting their offers in sealed envelopes. The city then reviews the bids and selects the highest bidder. In a negotiated sale, the city and buyer negotiate the terms of the sale in order to reach an agreement. Both types of agreements include details concerning the sale such as the purchase price, due diligence period, closing costs, title insurance, and other related matters. The agreement is usually signed by both parties and filed with the relevant authority.
Purchase Agreement for the Sale of City Owned Property
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How to fill out Purchase Agreement For The Sale Of City Owned Property?
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