Sales contract template real estate – Whenever you sell something with somebody, you need to set up a contract. This contract provides protection to you, the seller, and to the buyer. Adding information that will protect the buyer will also bring in the purchaser into most likely agreeing into terms.
The basic information that should 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 items that you know have to be fixed. You should also have a phrase stating that the product is being sold as is, unless of course you have agreed to perform repairs prior to the last sale.
If you’re selling your privately and you opt to take a delayed payment, you will need to include all information relating to the payment in your sell item contract. This information must include the quantity of money to be paid, how many installments will be made, once the payments will be made, and when the last term of the contract should be fulfilled. The thing sell contract must also list details about late payment fees, and when the seller has the right to reclaim the property if the arrangement should be breached.
As well as the product and price, the item sell agreement should state whether or not the product has a clear title, and in what condition the product is titled in. In most states it is legally required to have a clear title so as to sell a product for whatever aside from just parts. If your item doesn’t 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 states require a notary as well, so make certain to check the local laws. You might also find templates for sell thing contracts readily through free legal form sites or Microsoft template websites. Take a look the sample of sales contract template real estate below at the attachment page.