A condo sales contract is real estate property sale- purchase contract of a condo, which is commenced between the two interested parties by considering certain terms & conditions.
Sample Condo Sales Contract:
Contract Number: 124- J
Effective date of the contract: October 19th, 2010
This is a legal binding contract made between and by Sun Shine Real Estate Property dealers, hereinafter called as Seller Party AND Ms. Sheena Smith, hereinafter referred as the buyer, whereas the property shall be deeded on the Name of Mr. Tom Timberlake.
The Address of the property which is to be sold to the buyer as following:
34/ J, Block 5th,
Salt Lake Area, Ottawa, Toronto
In consideration to the mutual promises, underneath are the terms & conditions:
(a) Payment Options:
The committed payment of the property is $ 456903 inclusive of all taxes which will be paid by the buyer to the seller in the presence of witnesses.
(b) Sellers Obligations:
The seller has to be true to the committed payment and will be present at the time of deed change. All the papers will be handed over to the buyer.
(c) Buyers Duties:
The buyer will make the payment on time to receive the documentation of nomination. After the legal procedure, the new owner of the property will be the buyer only.
This contract can be treated as terminated if any non resolvable issues are encountered by the parties.
Hereby, both the parties are requested to sign the given section in order to accept the contract:
Signature of the Seller:
Signature of the Buyer: