This office lease form states that in the event of a mortgage foreclosure, or termination of any interest which is superior to the lease, the lease shall continue as a lease between the landlord's successors as Lessor and the tenant as lessee with the same force and effect as the originally entered into the lease and the tenant shall be permitted to remain in undisturbed possession, use and occupancy of the premises, provided that the tenant is not in default under the lease after the giving of notice and the expiration of the applicable grace or cure period as provided in the lease.
Utah General Nondisturbance Agreement
Category:
State:
Multi-State
Control #:
US-OL20034B
Format:
Word;
PDF
Instant download
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How to fill out General Nondisturbance Agreement?
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FAQ
A land contract is a written legal contract, or agreement, used to purchase real estate, such as vacant land, a house, an apartment building, a commercial building or other real property. As a type of specialty home financing, a land contract is similar to a mortgage.
Rather than receive title to the home up front, the buyer would sign a Uniform Real Estate Contract (also known as an installment contract, or a contract for deed), pursuant to which the buyer would move into the home and make payments to the seller over time.
If you`re looking to buy land in Utah, it`s essential that you understand the real estate purchase contract. This legal document outlines the terms and conditions of your land purchase and protects both you and the seller.
This is a legally binding Real Estate Purchase Contract (?REPC?). Utah law requires real estate licensees to use this form. Buyer and Seller, however, may agree to alter or delete its provisions or to use a different form.
A seller default provision is an essential component of a real estate contract, providing legal remedies for a buyer in the event of a seller's failure to meet their obligations under the agreement.
The essence of a real estate contract is offer and acceptance. The requirement of offer and acceptance applies to each of the major elements of the transaction, which typically include identity of the property and price.