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Prepared by the Committee on Condominiums and Cooperatives of the Real Property Section of the New York State Bar Association and approved by the Committee on Cooperatives and Condominiums of the

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How to fill out contract of sale

How to fill out a contract of sale:

01

Begin by stating the date and location of the agreement at the top of the contract.

02

Include the names and contact information of both the buyer and the seller.

03

Clearly describe the item or property being sold, including any specific details or conditions.

04

Specify the purchase price and any agreed-upon payment terms, such as installment payments or a down payment.

05

Outline any warranties or guarantees that apply to the item or property being sold.

06

Include any additional terms or conditions that both parties have agreed upon, such as a specific closing date or contingencies.

07

Ensure that both parties carefully review the contract and understand all the terms before signing.

08

Have both parties sign and date the contract, and consider including a witness or notary for added legal validity.

Who needs a contract of sale:

01

Individuals or businesses involved in the sale or purchase of goods, services, or property commonly need a contract of sale.

02

Buyers and sellers of real estate, vehicles, equipment, or other valuable assets often use a contract of sale to document the transaction.

03

Contractors or freelancers who are providing services to clients may also use a contract of sale to outline the scope of work, payment terms, and other important details.

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What is contract of sale?

A contract of sale is a legal agreement between a buyer and a seller outlining the terms and conditions of a transaction.

Who is required to file contract of sale?

The buyer and seller are both required to file the contract of sale.

How to fill out contract of sale?

The contract of sale can be filled out by including all relevant information such as the buyer's and seller's details, details of the property or goods being sold, purchase price, and terms of the agreement.

What is the purpose of contract of sale?

The purpose of the contract of sale is to legally bind both parties to the terms of the transaction and protect their rights.

What information must be reported on contract of sale?

The contract of sale must include details such as the names and addresses of the buyer and seller, description of the property being sold, purchase price, payment terms, and any conditions of the sale.

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