Common use of Sale of Another Property Clause in Contracts

Sale of Another Property. This requires, first, the entry of the street address for the property that must be sold and, second, the city of this property’s mailing address. The second set of blank lines shall finish up the report on the Land Purchaser’s property. Report the state in the property mailing address to complete the definition of the Land Purchaser’s property then, on the line that follows, record how many “Days” after the effective date (named in the first article) the Land Purchaser is afforded to close his or her own property sale. This is important documentation since very few Land Sellers would be able or willing to wait indefinitely for the Land Purchaser to proceed. Step 20 – Assign The Closing Costs To One Party’s Obligation There will usually be costs associated with the land sale that must be paid in order for it to complete successfully. For instance, there may be a title search required, recording fees with the local jurisdiction, etc. The decision of whether the Land Seller or Purchaser is to cover these costs when the time comes will be handled in Article “VI. Closing Costs” where one of three check boxes must be selected. Thus, xxxx the “Buyer” checkbox if the Land Purchaser is to pay the closing costs, select the “Seller” checkbox if the Land Seller must pay the costs of closing, or check the “Both Parties” check box if the Land Purchaser and Seller agree to share the closing costs of this land sale. Step 21 – Verify The Closing Date And Time As mentioned earlier, the majority of Land Sellers will wish to close a deal within a reasonable amount of time. Thus, the exact date and time when the sale of this land must be completed or closed should be presented in Article “VIII.

Sale of Another Property. This requires, first, the entry of the street address for the property that must be sold and, second, the city of this property’s mailing address. The second set of blank lines shall finish up the report on the Land Purchaser’s property. Report the state in the property mailing address to complete the definition of the Land Purchaser’s property then, on the line that follows, record how many “Days” after the effective date (named in the first article) the Land Purchaser is afforded to close his or her own property sale. This is important documentation since very few Land Sellers would be able or willing to wait indefinitely for the Land Purchaser to proceed. Step 20 – Assign The Closing Costs To One Party’s Obligation There will usually be costs associated with the land sale that must be paid in order for it to complete successfully. For instance, there may be a title search required, recording fees with the local jurisdiction, etc. The decision of whether the Land Seller or Purchaser is to cover these costs when the time comes will be handled in Article “VI. Closing Costs” where one of three check boxes must be selected. Thus, xxxx mark the “Buyer” checkbox if the Land Purchaser is to pay the closing costs, select the “Seller” checkbox if the Land Seller must pay the costs of closing, or check the “Both Parties” check box if the Land Purchaser and Seller agree to share the closing costs of this land sale. Step 21 – Verify The Closing Date And Time As mentioned earlier, the majority of Land Sellers will wish to close a deal within a reasonable amount of time. Thus, the exact date and time when the sale of this land must be completed or closed should be presented in Article “VIII.