Real Estate Purchase And Sale Agreement
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14REAL ESTATE PURCHASE AND SALE AGREEMENT
THIS REAL ESTATE PURCHASE AND SALE AGREEMENT (this “Agreement”) is entered into as of
the Effective Date by and between the parties hereto: ____________________, (Hereinafter referred to
as the “Buyer”) __________ whose address is:
_____________________________; and
____________________, (Hereinafter referred to as the “Seller”) __________ whose address is:
___________________________;
WHEREAS, Buyer desires to purchase, and Seller desires to sell, the Property, upon the terms and
conditions set forth in this Agreement.
WHEREAS, the following basic terms, conditions, and definitions are applicable to and an integral part
of, and shall be deemed incorporated by reference in, this Agreement:
Effective Date:
The first date on which both parties have fully executed and delivered this
Agreement, which is: __________, 20__.
Property:
The property located at __________ [street address], in _______ County,
Missouri, which is legally described on Exhibit A hereto, including
__________ as well as the other items described in Section 2.
Purchase Price:
$__________, subject to adjustments described in Section 3.
Earnest Money:
The earnest money, if any, in the amount of $__________, including
interest thereon, if any, to be deposited and held as described in Section 4.
Due Diligence Period:
The period commencing on the Effective Date and expiring at 5:00 p.m.
(central) on the __________ (__) day after the Effective Date, subject to
termination earlier upon termination of this Agreement.
Title Company:
__________, whose address is __________.
Broker(s):
__________, who represents Seller and whose commissions shall be paid
by Seller pursuant to separate agreement.
NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which the parties acknowledge by their execution
and delivery hereof, the parties agree as follows:
1.
ADDITIONAL DEFINITIONS. Except as otherwise specified herein, terms shall have the
meanings specified above and below:
“Agreement” means this Agreement, including all exhibits, attachments, supplements, and
amendments hereto.
“Business Day” means any day that is not a Saturday, Sunday, or federal or state holiday.
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