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949608FOURTH FOREBEAR REVIEW REPORT FOR IL ADA ENERGY CO. SUPERFUND SITEALEXANDER COUNTY, ILLINOISPrepared by U.S. Environmental Protection Agency Region 5 Chicago, IL8/28/2019X Douglas Ballotti,
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Gather all necessary information of the prospective purchaser such as name, address, contact details, etc.
02
Read the agreement thoroughly and understand all the terms and conditions mentioned.
03
Fill out the agreement accurately with the information of the prospective purchaser.
04
Review the filled agreement for any errors or missing information.
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Sign the agreement and have the prospective purchaser sign it as well.
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Make a copy of the filled agreement for your records.
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Send the filled agreement to the appropriate party as required.

Who needs proposed prospective purchaser agreement?

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Any party involved in a potential transaction with a prospective purchaser such as real estate agents, sellers, buyers, or landlords.
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A proposed prospective purchaser agreement is a legal document that outlines the terms under which a buyer is interested in purchasing property that may be contaminated or subject to environmental regulations.
Prospective purchasers of contaminated properties who seek liability protections under environmental laws are required to file a proposed prospective purchaser agreement.
To fill out a proposed prospective purchaser agreement, the interested party must provide details about the property, the buyer, the intended use of the property, and disclose any knowledge of contamination, along with any other required documentation.
The purpose of the proposed prospective purchaser agreement is to facilitate the transfer of contaminated properties while providing liability protections to the new purchaser, encouraging redevelopment and cleanup.
Information that must be reported includes the property's address, current owner details, the prospective purchaser's information, intended use of the property, and any known contamination issues.
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