Residential sales contract template – Whenever you sell something with someone, you need to establish a contract. This contract will offer protection to you, the seller, and also to the buyer. Adding details that will protect the buyer will also attract the buyer into probably agreeing into terms.
The basic information which ought to be in this contract is the make and model, the cost, and contact information for both parties. The sell item contract should also include a disclosure about the item, including a list of things that you know need to be fixed. You should also include a phrase stating that the item is being sold as is, unless of course you have agreed to perform repairs before the last sale.
If you are selling your privately and you opt to accept a delayed payment, you’ll have to include all information relating to the payment in your market item contract. This information should include the quantity of cash to be paid, how many payments will be made, when the installments will be made, and when the final term of the contract should be fulfilled. The thing sell contract must also list details about late payment penalties, and when the seller has the right to reclaim the property if the arrangement should be breached.
As well as the model and price, the thing sell agreement should state whether the product has a clear title, and in what state the item is titled in. In most states it’s legally required to have a clear title in order to sell a product for whatever other than simply parts. If your item does not have a clear title, be sure that the contract clearly states this fact, and that the item is being sold for parts only. Of course, your contract should be signed by all parties, and all parties should receive a copy. Some countries require a notary as well, so make certain to check your local laws. You might also find templates for sell thing contracts readily through free legal form websites or Microsoft template websites. Check it out the sample of residential sales contract template below at the attachment page.