Commercial Sales Contract Template Page 5
Download a blank fillable Commercial Sales Contract Template in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Commercial Sales Contract Template with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5
6222
25. CAPTIONS: Captions are not intended to limit the terms contained after said caption and are not part of the contract.
223
224
26. TAX-DEFERRED EXCHANGE: Seller and Buyer agree to cooperate in any applicable tax- deferred Exchange, and shall
225
execute all documents with respect thereto at their own expense, pursuant to the applicable provisions of the Internal Revenue
226
Code, as amended from time to time.
227
228
27. CONDOMINIUM/COMMON INTEREST ASSOCIATIONS: (If applicable) The Parties agree that the terms contained in
229
this paragraph, which may be contrary to other terms of this Contract, shall supersede any conflicting terms.
230
(a) Title when conveyed shall be good and merchantable, subject to terms, provisions, covenants and conditions of the
231
Declaration of Condominium/Covenants, Conditions and Restrictions and all amendments; public and utility easements
232
including any easements established by or implied from the Declaration of Condominium/Covenants, Conditions and
233
Restrictions or amendments thereto; party wall rights and agreements; limitations and conditions imposed by the
234
Condominium Property Act; installments due after the date of Closing of general assessments established pursuant to the
235
Declaration of Condominium/Covenants, Conditions and Restrictions.
236
(b) Seller shall be responsible for all regular assessments due and levied prior to Closing and for all special assessments
237
confirmed prior to the Date of Acceptance.
238
(c) Buyer has, within five (5) Business Days from the Date of Acceptance, the right to demand from Seller items as stipulated
239
by the Illinois Condominium Property Act, if applicable, and Seller shall diligently apply for same. This Contract is
240
subject to the condition that Seller be able to procure and provide to Buyer, a release or waiver of any option of first
241
refusal or other pre-emptive rights of purchase created by the Declaration of Condominium/Covenants, Conditions and
242
Restrictions within the time established by the Declaration of Condominium/Covenants, Conditions and Restrictions. In
243
the event the Condominium Association requires personal appearance of Buyer and/or additional documentation, Buyer
244
agrees to comply with same.
245
(d) In the event the documents and information provided by Seller to Buyer disclose that the existing improvements are in
246
violation of existing rules, regulations or other restrictions or that the terms and conditions contained within the
247
documents would unreasonably restrict Buyer’s use of the premises or would result in increased financial obligations
248
unacceptable to Buyer in connection with owning the Real Estate, then Buyer may declare this Contract null and void
249
by giving Seller written notice within five (5) Business Days after the receipt of the documents and information
250
required by Subparagraph (c) above, listing those deficiencies which are unacceptable to Buyer. If written notice is
251
not served within the time specified, Buyer shall be deemed to have waived this contingency, and this Contract
252
shall remain in full force and effect.
253
(e) Seller shall not be obligated to provide a condominium survey.
254
(f) Seller shall provide a certificate of insurance showing Buyer (and Buyer’s mortgagee, if any) as an insured.
255
256
28. CONFIRMATION OF DUAL AGENCY: The Parties confirm that they have previously consented
257
_______________________________________ (Licensee) to acting as a Dual Agent in providing brokerage services on their
258
behalf and specifically consent to Licensee acting as a Dual Agent in regard to the transaction referred to in this contract.
Buyer Initial ___________
Buyer Initial ___________
Seller Initial ___________
Seller Initial____________
Address _______________________________________________________________________________________
®
(Page 5 of 6) Form 6008 Rev. Nov. 2007 – MAINSTREET ORGANIZATION OF REALTORS
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Business