Common use of Sale and Purchase of the Property Clause in Contracts

Sale and Purchase of the Property. Seller agrees to sell and convey the Property to Purchaser, and Purchaser agrees to purchase the Property from Seller, for a total purchase price of Dollars ($ ) (the “Purchase Price”), comprised of the Hammer Price plus a buyer’s premium (payable by Purchaser to Auctioneer for Auctioneer’s own account) in an amount equal to Ten Percent (10%) of the Hammer Price (the “Buyer’s Premium”). Real estate transfer tax shall be calculated on the total Purchase Price (i.e., the Hammer Price plus the Buyer’s Premium).

Appears in 25 contracts

Samples: Realty Purchase and Sale Agreement, Realty Purchase and Sale Agreement, Realty Purchase and Sale Agreement

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Sale and Purchase of the Property. Seller agrees to sell and convey the Property to Purchaser, and Purchaser agrees to purchase the Property from Seller, for a total purchase price of Dollars ($ ) (the “Purchase Price”), comprised of the Hammer Price plus a buyer’s premium (payable by Purchaser to Auctioneer for Auctioneer’s own account) in an amount equal to Ten Percent (10%) of the Hammer Price (the “Buyer’s Premium”). Real estate transfer tax shall be calculated on the total Purchase Price (i.e., the Hammer Price plus the Buyer’s Premium).

Appears in 1 contract

Samples: Realty Purchase and Sale Agreement

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