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OPTION AGREEMENT AND AGREEMENT OF PURCHASE AND SALE (Effective Date)DATE: July ___, 8, 2020 FROM: City of Albany, Oregon(Owner) TO:Cumberland Community Events Center(Optioned)RECITALS Owner owns fee

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How to fill out contract for sale and

01

Step 1: Begin by including the date of the contract at the top of the document.

02

Step 2: Clearly state the parties involved in the sale, including their full names and addresses.

03

Step 3: Describe the property being sold, including its address, legal description, and any special features.

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Step 4: Specify the purchase price and the payment terms, including any down payment and the schedule for future payments.

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Step 5: Outline any contingencies or conditions that must be met for the sale to proceed, such as inspections, financing, or the sale of another property.

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Step 6: Include any additional terms or agreements specific to the sale, such as appliances or fixtures included in the purchase.

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Step 7: Include provisions for dispute resolution, such as mediation or arbitration, in case any conflicts arise.

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Step 8: Have both parties sign and date the contract, and consider having it notarized for added legal protection.

09

Step 9: Keep a copy of the signed contract for your records.

Who needs contract for sale and?

01

Anyone involved in a real estate transaction can benefit from a contract for sale.

02

This includes both buyers and sellers of residential or commercial properties.

03

A contract for sale helps ensure that both parties understand and agree to the terms of the transaction, including the price, payment terms, and any conditions or contingencies.

04

It provides legal protection and can help prevent misunderstandings or disputes down the line.

05

Real estate agents, lawyers, and title companies often use contracts for sale as well to facilitate and document the transaction.

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What is contract for sale and?

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

Who is required to file contract for sale and?

The seller is typically required to file the contract for sale.

How to fill out contract for sale and?

The contract for sale can be filled out by including information about the property, price, terms of sale, and signatures of both parties.

What is the purpose of contract for sale and?

The purpose of a contract for sale is to establish a legally binding agreement between the buyer and seller for the transfer of property.

What information must be reported on contract for sale and?

The contract for sale must include details about the property, purchase price, payment terms, and any conditions of the sale.

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