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LACEY CITY COUNCIL MEETING July 14, 2016, SUBJECT:Purchase and Sale Agreement for 5700 Lacey Blvd property.RECOMMENDATION:Approve Agreement for purchase of 5700 Lacey Blvd property. STAFF CONTACT:Scott

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What is purchase and sale agreement?

A purchase and sale agreement is a legally binding contract outlining the terms and conditions of a real estate transaction between a buyer and a seller.

Who is required to file purchase and sale agreement?

The buyer and seller involved in the real estate transaction are required to file the purchase and sale agreement.

How to fill out purchase and sale agreement?

The purchase and sale agreement should be filled out accurately and completely, including details of the property, purchase price, terms of sale, and signatures of both parties.

What is the purpose of purchase and sale agreement?

The purpose of a purchase and sale agreement is to formalize the terms of the real estate transaction and protect the interests of both the buyer and seller.

What information must be reported on purchase and sale agreement?

The purchase and sale agreement must include details such as the property address, purchase price, payment terms, closing date, and any contingencies.

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