COMMERCIAL REAL ESTATE SALES CONTRACT
PARTIES: This contract ("Contract") is made between:
SELLER: AEI Real Estate Fund XVIII, Limited Partnership and
BUYER: Xxxxxxxx, LLC, and is effective as of the date of acceptance on the
last signature on this Contract (the "Effective Date").
2. PROPERTY: Seller agrees to sell to Buyer and Buyer agrees to purchase from
Seller the real estate described in Exhibit A (Legal Description) attached
hereto, such to be verified by the Title Company, together with any buildings
and improvements thereon, and all personal property used in the operation of
the buildings and improvements, including, if any, all mechanical systems,
fixtures and equipment, heating, ventilating and air-conditioning equipment,
electrical systems and lighting, plumbing equipment and fixtures, floor
coverings, storm windows and doors, screens and awnings, keys, and including
the following:
n/a
All of which is commonly known and numbered as 0000 X Xxx 0, in the City of
Blue Springs, in Xxxxxxx County, State of Missouri.
Such real estate and other property shall be collectively referred to in
this Contract as the "Property".
3. EXCEPTIONS: The Property shall be subject, however, to the Permitted
Exceptions (as defined in the paragraph entitled "Title Insurance"),
zoning ordinances and laws and the following existing leases or
tenancies: n/a
4. PURCHASE PRICE: The Purchase Price is Six Hundred Thousand DOLLARS
($600,000.00) which Buyer agrees to pay as follows:
a. Ten Thousand DOLLARS ($10,000.00) at the signing of this Contract as
Xxxxxxx Money, such to be deposited upon execution of this Contract within
(10 days if the Property is located in Missouri) or (5 days if the Property
is located in Kansas), in the insured trust or escrow account of First
American Title Company ("Escrow Agent") as part of the consideration of the
sale:
The balance to be paid in the following manner: Five Hundred and Ninety
Thousand DOLLARS ($590,000.00), in guaranteed funds or cashier's check at
Closing (as defined in this Contract), adjusted at Closing for pro-rations,
closing costs and other agreed expenses, and [state other payment or
financing terms if any]
na
5. CLOSING AND POSSESSION DATE(S): Subject to all the provisions of this
Contract, the closing of this Contract (the "Closing") shall take place at
the offices of First American Title Company, 0000 XX Xxxx Xxx, Xxxx Xxxxxxx,
XX on the 23rd day of July, 2008 or prior thereto by mutual consent, and
possession shall be delivered upon closing or as follows:
6. EXISTING FINANCING: Unless otherwise provided in this Contract, Seller
shall make any payments required on existing mortgages or deeds of trust
until Closing. If this Contract provides that the Property is being sold
subject to any existing mortgage or deed of trust, Buyer shall, at Closing,
reimburse Seller for any principal reductions not already considered in
computing payments of purchase price and for any deposits held by the
holder of the mortgage or deed of trust that are transferred to Buyer.
7. PRORATIONS: The rents, income and expenses from the Property, and the
interest on any existing mortgages or deeds of trust to which this sale is
made subject, shall be prorated between Seller and Buyer as of Closing.
Seller shall pay all general real estate taxes levied and assessed against
the Property, and all installments of special assessments for the years
prior to the calendar year of Closing. All such taxes and installments of
special assessments for the years prior to the calendar year of Closing.
All such taxes and installments of special assessments becoming due and
accruing during the calendar year of Closing shall be prorated between
Seller and Buyer on the basis of such calendar year, as of Closing. If
the amount of any tax or special assessment cannot be ascertained at
Closing, pro-ration shall be computed on the amount for the preceding
year's tax or special assessment. Buyer shall assume and pay all such
taxes and installments of special assessments accruing after the Closing.
8. TITLE INSURANCE: Seller shall deliver and pay for an owner's ALTA title
insurance policy insuring marketable fee simple title in Buyer in the amount
of the Purchase Price as of the time and date of recording of Seller's
limited Warranty Deed (the "Deed"), subject only to the Permitted Exceptions
defined below. Seller shall, as soon as possible and not later than Five
(_5_) days after the Effective Date of this Contract, cause to be furnished
to Buyer a current commitment to issue the title policy (Title Commitment),
to be issued through First American Title Company (the "Title Company").
Buyer shall have _Five ( 5 ) days after receipt of the Title Commitment
(the "Title Review Period") in which to notify Seller in writing of any
objections Buyer has regarding any matters shown or referred to in the
Title Commitment. Any matters which are set forth in the Title Commitment
and to which Buyer does not object within the Review Period shall be
deemed to be permitted exceptions to the status of Seller's title(the
"Permitted Exceptions"). With regard to items to which Buyer does
object within the Review Period, Seller shall have seven ( 7 ) days after
receipt of Buyer's written notice of objections to cure such objections
("Title Cure Period"). If Seller does not cure the objections by the end
of the Title Cure Approved by Legal Counsel of the Kansas City Regional
Association of REALTORS for exclusive use by its REALTORS members. No
warranty is made or implied as to the legal validity or adequacy of this
Contract, or that it complies in every respect with the law or that its
use is appropriate for all situations. Local law, customs and practices
and differing circumstances in each transaction may dictate that amendments
to this Contract be made. Copyright January 2004 I act revised 11/03 All
previous versions of this document may no Ionaer he valid
Period or if Seller and Buyer have not agreed to extend the Title Cure Period
by amending this Contract, then this Contract shall automatically be
terminated unless Buyer waives the objections no later than five (5) days
after the end of the Title Cure Period.
(Check one) Seller X Buyer assume responsibility for
paying for a survey and shall order a survey of the Property as soon as
possible and not later than five (5) days after the Effective Date of this
Contract. Unless otherwise objected to in writing by Buyer or Seller within
five (5) days of delivery of the survey, the survey will be accepted as being
correct for the Property and there will be no objections to such.
9. INSPECTIONS: Seller shall grant Buyer reasonable access to the Property
for ten (10) days after the Effective Date of this Contract (the
"Inspection Period") for the purpose of inspecting the physical conditions of
the Property. Buyer's inspection rights shall include performing soil tests,
environmental tests or audits, foundation and mechanical inspections and
such other inspections or surveys as Buyer may reasonably request. Buyer
agrees to repair any damage to the Property arising from these inspections
and to indemnify, defend and hold Seller harmless from and against all claims,
costs, demands and expenses, including without limitation, reasonable
attorney's fees, court costs and other legal expenses, resulting from these
inspections. Buyer's obligations imposed by this paragraph shall survive
termination of this Contract. Buyer agrees to provide Seller with a copy of
any written reports resulting from such inspections within five (5) days of
the completion of said inspections. With regard to any deficiencies
identified during the inspection by Buyer which Buyer requests be corrected,
Seller shall have five (5) days (the "Cure Period") after seller's receipt of
Buyer's written notice of such inspection issues to define in an Amendment to
this Contract how and when such deficiencies will be cured. If Seller elects
not to cure the deficiencies within the time frame defined in such Amendment,
then this Contract shall automatically be terminated unless Buyer waives the
objections no later than five (5) days after the end of the Cure Period. Buyer
shall be deemed to be thoroughly acquainted and satisfied with the physical
condition of the Property, other than as set forth in the paragraph entitled
"INSURANCE; MAINTENANCE; CASUALTY; CONDEMNATION; CHANGE OF CONDITION" of this
Contract. In addition, Buyer, or Buyer's representatives, may re-inspect the
Property before Closing upon reasonable notice to Seller.
10. DUE DILIGENCE: Buyer will have forty-five (45) days after the Effective
Date of this Contract to perform due diligence (the "Due Diligence Period")
for the purpose of exploring and obtaining approval of governmental
authorities for the intended purpose of the Property and any changes in
zoning, if necessary. Upon presentation by Buyer to Seller of the written
refusal(s) of such governmental authorities to Buyer's request for approval
of such intended purposes and zoning PRIOR TO EXPIRATION OF THE DUE
DILIGENCE PERIOD, Buyer may deliver written notification to Seller to
cancel this Contract and this Contract will be terminated. In the absence
of such termination notice, the Inspections and Due Diligence shall be deemed
to be satisfactory to Buyer.
11. REPRESENTATIONS: Buyer acknowledges that neither Seller nor any party on
Seller's behalf has made, nor do they hereby make, any representations as to
the past, present or future condition, income, expenses, operation or any
other matter or thing affecting or relating to the Property except as
expressly set forth in this Contract. Buyer agrees to assume full
responsibility for completing Buyer's Due Diligence in such a manner as to
answer all questions necessary to make the decision to purchase the Property.
12. REAL ESTATE BROKER: Seller and Buyer agree that Block & Company, Inc.
Realtors and Lane 4 Group Realtors, BROKER(S), identified in the Commercial
Agency and Broker Disclosure Addendum which is a part of this Contract, is
(are) the only real estate broker(s) negotiating this sale, and Seller agrees
to pay a sales commission of six percent (6%) percent of the Purchase Price
pursuant to the agreement between Seller and BROKER(S). Any party to this
Contract through whom a claim to any broker's, finder's or other fee is made,
contrary to the representations made above in this paragraph, shall indemnify,
defend and hold harmless the other party to this Contract from any other
loss, liability, damage, cost or expense, including without limitation,
reasonable attorney's fees, court costs and other legal expenses paid or
incurred by the other party, that is in any way related to such a claim.
The provisions of this paragraph shall survive Closing or termination of
this Contract.
13. DELIVERY OF DEED; PAYMENT; DISBURSEMENT OF PROCEEDS: At or before Closing,
Seller agrees to properly execute and deliver into escrow the Deed, a Xxxx of
Sale for any non-realty portion of the Property, and all other documents and
funds necessary to complete the Closing. The Deed shall convey to Buyer
marketable fee simple title to the Property, free and clear of all liens and
encumbrances, other than the Permitted Exceptions. At or before the Closing,
Seller and Buyer each agree to deliver into escrow a cashier's check or
guaranteed funds sufficient to satisfy their respective obligations under
this Contract. Seller understands that, unless otherwise agreed,
disbursement of proceeds will not be made until after the Deed or the
instrument of conveyance, and, if applicable, the mortgage/deed of trust
have been recorded and the Title Company can issue the title policy with
only the Permitted Exceptions.
14. INSURANCE; MAINTENANCE; CASUALTY; CONDEMNATION; CHANGE OF CONDITION:
Seller agrees to maintain Seller's current fire and extended coverage
insurance, if any, on the Property until Closing. Seller shall do ordinary
and necessary maintenance, upkeep and repair to the Property through Closing.
If, before Closing, all or any part of the Property is taken by eminent
domain, or if a condemnation proceeding has been filed or is threatened
against the Property or any part thereof, or if all or any part of the
Property is destroyed or materially damaged after the Inspection Period,
Seller shall promptly provide written notice to Buyer of any such event.
UPON NOTICE OF SUCH OCCURRENCE, Buyer may re-inspect the Property and may,
by written notice to Seller within ten (10) days after receiving Seller's
notice, terminate this Contract. Unless this Contract is so terminated, it
shall remain in full force and effect, and Seller shall, at Closing, assign
and transfer to Buyer all of Seller's right and interest in andto any awards
that may be made for any taking and any insurance proceeds
payable on account of casualty. If a non-material change in condition occurs
with respect to the Property, Seller shall remedy such change before Closing.
The provisions of this paragraph shall survive Closing or termination of this
Contract.
15. FOREIGN INVESTMENT: Seller represents that Seller is not a foreign person
as described in the Foreign Investment in Real Property Tax Act and agrees to
deliver a certificate at closing to that effect which shall contain Seller's
tax identification number.
16. TERMINATION: If this Contract is terminated by either party pursuant to a
right expressly given in this Contract, Buyer Approved by Legal Counsel of
the Kansas City Regional Association of REALTORS(r) for exclusive use by its
REALTORS(r) members. No warranty is made or implied as to the legal validity
or adequacy of this Contract, or that it complies in every respect with the
law or that its use is appropriate for all situations. Local law, customs
and practices and differing circumstances in each transaction may dictate
that amendments to this Contract be made. Copyright January 2004. Last
revised 11/03. All previous versions of this document may no longer be valid.
shall be entitled to an immediate return of the Xxxxxxx Money Deposit, and
neither party shall have any further rights or obligations under this
Contract except as otherwise stated in this Contract.
17. DEFAULT AND REMEDIES: Seller or Buyer shall be in default under this
Contract if either fails to comply with any material covenant, agreement
or obligation within any time limits required by this Contract. Following
a default by either Seller or Buyer under this Contract, the other party
shall have the following remedies, subject to the provisions of the
paragraph entitled "DISPOSITION OF XXXXXXX MONEY DEPOSIT AND OTHER FUNDS
AND DOCUMENTS" in this Contract:
a. If Seller defaults, Buyer may (i) specifically enforce this Contract and
recover damages suffered by Buyer as a result of the delay in the acquisition
of the Property; or (ii) terminate this Contract by written notice to Seller
and, at Buyer's option, pursue any remedy and damages available at law or in
equity. If Buyer elects to terminate this Contract, the Xxxxxxx Money Deposit
shall be returned to Buyer upon written demand.
b. If Buyer defaults, Seller may (i) specifically enforce this Contract and
recover damages suffered by Seller as a result of the delay in the sale of
the Property; or (ii) terminate this Contract by written notice to Buyer and,
at Seller's option, either retain the Xxxxxxx Money Deposit as liquidated
damages as Seller's sole remedy (the parties recognizing that it would be
extremely difficult to ascertain the extent of actual damages caused by
Buyer's breach, and that the Xxxxxxx Money Deposit represents as fair an
approximation of such actual damages as the parties can now determine),
or pursue any other remedy and damages available at law or in equity. If,
as a result of a default under this Contract, either Seller or Buyer
employs an attorney to enforce its rights, the defaulting party shall,
unless prohibited by law, reimburse the non-defaulting party for all
reasonable attorneys' fees, court costs and other legal expenses incurred
by the non-defaulting party in connection with the default.
18. DISPOSITION OF XXXXXXX MONEY DEPOSIT AND OTHER FUNDS AND DOCUMENTS:
The Escrow Agent shall not distribute the Xxxxxxx Money Deposit or other
escrowed funds or documents, once deposited, notwithstanding any other
terms of this Contract providing for forfeiture or refund of the Xxxxxxx
Money Deposit, without the written consent of all parties to this Contract.
A party's signature on a closing statement prepared by the Escrow or Closing
Agent shall constitute such consent. In the absence of either written consent
or written notice of a dispute, failure by either Buyer or Seller to respond
in writing to a certified letter from the Escrow Agent within seven (7) days
of receipt, or failure by either Buyer or Seller to make written demand upon
the other party and upon the Escrow Agent for return or forfeiture of the
Xxxxxxx Money Deposit, other escrowed funds or documents within ten (10)
after receiving written notice of cancellation of this Contract, shall
constitute consent to the distribution of all funds and documents deposited
with the Escrow Agent as suggested in any such certified letter or written
demand. If a dispute arises over the disposition of funds or documents
deposited with the Escrow Agent that results in litigation, any attorney's
fees, court costs and other legal expenses incurred by the Escrow Agent in
connection with such dispute shall be reimbursed from the Xxxxxxx Money
Deposit or from other funds deposited with the Escrow Agent. Seller and
Buyer release all brokers and licensees from any and all liability in regards
to this Contract, for cancellation of this Contract and disbursing the
Xxxxxxx Money Deposit or other escrowed funds or documents.
19. ENTIRE AGREEMENT AND MANNER OF MODIFICATION: This Contract, and any
attachments or addenda hereto, constitute the complete agreement of the
parties concerning the Property, supersede all other agreements and may be
modified only by initialing changes in this Contract or by written agreement.
20. NOTICES: All notices consents, approvals, requests, waivers, objections
or other communications (collectively "notice") required under this Contract
(except notice given pursuant to the paragraph entitled "DISPOSITION OF
XXXXXXX MONEY DEPOSIT AND OTHER FUNDS AND DOCUMENTS" in this Contract)
shall be in writing and shall be served by hand delivery, by prepaid U.S.
Postal Service certified mail, return receipt requested, or by reputable
overnight delivery service guaranteeing next day delivery and providing
a receipt. All notices shall be addressed to the parties at the respective
addresses as set forth below, except that any party may, by notice in the
manner provided above, change this address for all subsequent notices.
Notices shall be deemed served and received upon the earlier of the third
day following the date of mailing (in the case of notices mailed by
certified mail) or upon delivery (in all other cases). A party's failure
or refusal to accept service of a notice shall constitute delivery of the
notice.
21. DEADLINE FOR ACCEPTANCE: Buyer's offer to purchase the Property from
Seller shall expire if Seller has not accepted this Contract by signing
and delivering a fully executed copy to Buyer, on or before the earlier
of (i) , 20 or (ii) Buyer delivering written notice to Seller that
Buyer's offer to enter into this Contract is withdrawn.
22. TIME AND EXACT PERFORMANCE ARE OF THE ESSENCE UNDER THIS CONTRACT.
23. ADDENDA: The following Addenda (riders, supplements, etc.) are attached
hereto and are a part of this Contract (Check Those Which are Applicable):
[X] Exhibit A (Legal Description) [ ] Other
[X] Commercial Agency & Brokerage Disclosure Addendum [ ] Other
[ ] Other [ ] Other
24. ADDITIONAL TERMS:
Approved by Legal Counsel of the Kansas City Regional Association of
REALTORS(r) for exclusive use by its REALTORS(r) members. No warranty is made
or implied as to the legal validity or adequacy of this Contract, or that it
complies in every respect with the law or that its use is appropriate for all
situations. Local law, customs and practices and differing circumstances in
each transaction may dictate that amendments to this Contract be made.
Copyright January 2004. Last revised 11/03. All previous versions of this
document may no longer be valid.
CAREFULLY READ THE TERMS HEREOF BEFORE SIGNING. WHEN SIGNED BY ALL PARTIES,
THIS DOCUMENT BECOMES PART OF A LEGALLY BINDING CONTRACT. IF NOT UNDERSTOOD,
CONSULT AN ATTORNEY BEFORE SIGNING. THE PARTIES EXECUTING THIS CONTRACT
REPRESENT AND WARRANT THAT THEY ARE LEGALLY AUTHORIZED TO EXECUTE THIS
CONTRACT.
SELLER: AEI Real Estate Fund XVIII, BUYER: Xxxxxxxx, LLC
Limited Partnership
BY: /s/ Xxxxxx X Xxxxxxx 6-13-08 By: /s/ Xxxxxxx Xxxxxxx 6/11-08
Member
NAME & TITLE: Xxxxxx X Xxxxxxx, Pres NAME & TITLE: Xxxxxxx Xxxxxxx
AEI Fund Management XVIII,
Corporate General Partner
BY: BY:
DATE DATE
NAME & TITLE: NAME & TITLE:
ADDRESS: ADDRESS:
Xxxxxx
Xxxxxx
Xxxx Xxxxx Xxx Xxxx Xxxxx Zip 000.000.0000
TELEPHONE #: TELEPHONE#
TAX I D #: TAX ID #:
FOR INFORMATION ONLY - NOT PARTIES TO THE CONTRACT
LISTING BROKER: TELEPHONE #:
LISTING AGENT: TELEPHONE #:
SELLING BROKER: TELEPHONE #:
SELLING AGENT: TELEPHONE #:
ESCROW AGENT: TELEPHONE #:
CLOSING AGENT: TELEPHONE #:
Approved by Legal Counsel of the Kansas City Regional Association of
REALTORS(r) for exclusive use by its REALTORS(r) members. No warranty is
made or implied as to the legal validity or adequacy of this Contract, or
that it complies in every respect with the law or that its use is
appropriate for all situations. Local law, customs and practices and
differing circumstances in each transaction may dictate that amendments to
this Contract be made. Copyright January
EXHIBIT "A"
Legal Description
All that part of Tract "B", COUNTRY CLUB MANOR, a Subdivision in Blue Springs,
Xxxxxxx County, Missouri, more particularly described as follows:
Beginning at the Southwest corner of Tract "B", in said subdivision; thence
North along the West line of said tract 200 feet; thence East parallel to
the North right of way line of Manor Drive 175 feet; thence South parallel
to the, West line of said tract 200 feet to a point on the North right of
way line of said Manor Drive (30 feet from the center line thereof); thence
West along said right of way line 175 feet to the point of beginning except
that part in roads, if any.
Less and except from the above described property, that portion conveyed to
the State of Missouri, acting by and through the Missouri Highway and
Transportation Commission, more particularly described as follows:
All that part of Tract "B", COUNTRY CLUB MANOR, a Subdivision of land in
Xxxxxxx County, Missouri, more particularly described as follows: Beginning
at the Southwest corner of said Tract B, thence North, along the Easterly
right of way line of Missouri State Highway No. 7, as now established, a
distance of 200 feet; thence Easterly, along a line parallel to the Northerly
right of way line of Manor Drive, as now established, a distance of 10 feet;
thence Southerly, along a line parallel to the Easterly right of way line of
said Missouri State Highway No. 7, a distance of 200 feet, to a point in the
Northerly right of way line of said Manor Drive; thence Westerly along the
Northerly right of way line at said Manor Drive, a distance of 10 feet, to
the point of beginning.
COMMERCIAL AGENCY AND BROKERAGE
DISCLOSURE ADDENDUM
SELLER/LANDLORD: AEI Real Estate Fund XVIII, Limited Partnership
BUYER/TENANT: Xxxxxxxx, LLC
PROPERTY ADDRESS, CITY, COUNTY, STATE, ZIP: 0000 X 0 Xxx, Xxxx Xxxxxxx, XX
DATE OF LEASE / SALE CONTRACT: June 11, 2008
THE FOLLOWING DISCLOSURE IS MADE IN COMPLIANCE WITH MISSOURI AND KANSAS REAL
ESTATE LAWS AND RULES AND REGULATIONS. APPLICABLE SECTIONS BELOW MUST BE
CHECKED, COMPLETED, SIGNED AND DATED FOR BOTH SELLER AND BUYER
Seller/Landlord and Buyer/Tenant acknowledge that the real estate Licensee
involved in this transaction may be acting as agents of the Seller/Landlord,
agents of the Buyer/Tenant, Transaction Brokers or (in Missouri only)
Disclosed Dual Agents. LICENSEES ACTING AS AN AGENT OF THE SELLER/LANDLORD
HAVE A DUTY TO REPRESENT THE SELLER'S/LANDLORD'S INTEREST AND WILL NOT BE
THE AGENT OF THE BUYER/TENANT. INFORMATION GIVEN BY THE BUYER/TENANT TO A
LICENSEE ACTING AS AN AGENT OF THE SELLER/LANDLORD WILL BE DISCLOSED TO THE
SELLER/LANDLORD. LICENSEES ACTING AS AN AGENT OF THE BUYER/TENANT HAVE A
DUTY TO REPRESENT THE BUYER'S/TENANT'S INTEREST AND WILL NOT BE AN AGENT
OF THE SELLER/LANDLORD. INFORMATION GIVEN BY THE SELLER/LANDLORD TO A
LICENSEE ACTING AS AN AGENT OF THE BUYER/TENANT WILL BE DISCLOSED TO THE
BUYER/TENANT. LICENSEES ACTING IN THE CAPACITY OF A TRANSACTION BROKER ARE
NOT AGENTS FOR EITHER PARTY AND DO NOT ADVOCATE THE INTERESTS OF EITHER
PARTY. LICENSEES ACTING AS DISCLOSED DUAL AGENTS ARE ACTING AS AGENTS FOR
BOTH THE SELLER/LANDLORD AND THE BUYER/TENANT. (Note: A separate Dual
Agency Disclosure Addendum is required).
Licensee Assisting Seller/Landlord is acting as: (Check applicable]
Seller's/Landlord's Agent (Lane 4 Group Realtors -Xxx X'Xxxxx)
[ ] Designated Seller's/Landlord's Agent (Supervising Broker acts as
Transaction Broker)
[ ] Transaction Broker
[ ] Disclosed Dual Agent (Missouri only-Disclosed Dual Agency Addendum is
required)
[ ] N/A-Seller(s) is not represented
[ ] Sub Agent
Licensee Assisting Buyer/Tenant is acting as: (Check applicable)
[X ]Buyers/Tenant Agent (Block & Company , Inc. - Xxxxxxx Xxxxxxx)
[ ] Designated Seller's/Landlord's Agent (Supervising Broker acts as
Transaction Broker)
[ ] Designated Buyer's/Tenant's Agent (Supervising Broker acts as Transaction
Broker)
[ ] Transaction Broker
[ ] Disclosed Dual Agent (Missouri only-Disclosed Dual Agency Addendum is
required
[ ] N/A, Buyer(s)/Tenant(s) is not represented
[ ]Sub Agent
[ ]Seller's/Landlord's Agent
PAYMENT OF COMMISSION: All licensees(s) indicated above will be paid a
commission at closing of the sale of the property as follows: (check
applicable paragraph)
X [X] Seller/Landlord to Pay all Licensees. All Licensees(s) will be paid
from the Seller's funds at closing according to the terms of the Listing or
other Commission Agreement
[ ] Buyer/Tenant to Pay Buyer's Agent. Seller/Landlord's Licensee, if any,
will be paid from the Seller's funds at closing according to the terms o the
Listing Agreement. Buyer/Tenant's Agent will be paid from the Buyer's funds
according to the terms of the Buyer/Tenant Agency Agreement.
CAREFULLY READ THE TERMS HEREOF BEFORE SIGNING. WHEN SIGNED BY ALL PARTIES,
THIS DOCUMENT BECOMES PART OF A LEGALLY BINDING CONTRACT. IF NOT UNDERSTOOD,
CONSULT AN ATTORNEY BEFORE SIGNING. THE PARTIES EXECUTING THIS CONTRACT
REPRESENT AND WARRANT THAT THEY ARE LEGALLY AUTHORIZED TO DO SO.
Licensees hereby certify that they are licensed to sell real estate in the
state in which the Property is located.
/s/ Xxxxxx X Xxxxxxx 6-13-08 /s/ Xxxxxxx Xxxxxxx 6-11-08
SELLER/LANDLORD Date Buyer/Tenant Date
AEI Fund Management XVIII, Xxxxxxxx LLC
Corporate General Partner
SELLER/LANDLORD DATE BUYER/TENANT
/s/ Xxxxxxx Xxxxxxx 6-11-08
LICENSEE ASSISTING SELLER/LANDLORD DATE LICENSEE ASSISTING BUYER/TENANT DATE
Xxx X'Xxxxx Xxxxxxx Xxxxxxx
X Seller shall pay no more than a 6% commission on this transaction buyer's
agent shall look to seller's agent for payment of any commission
