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This document is a legal agreement between the County of San Bernardino (SELLER) and Watson Land Company (BUYER) for the purchase of a surplus property located in Chino, California. The agreement outlines the terms and conditions for the sale, including the bid price, escrow instructions, and responsibilities of both parties. It also includes details about the property, associated leases, and legal obligations for the transfer of title.
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How to fill out purchase and sale agreement

How to fill out purchase and sale agreement
01
Begin with the title of the document: 'Purchase and Sale Agreement'.
02
Include the date of the agreement.
03
Provide the names and contact information of both the seller and buyer.
04
Describe the property being sold, including its address and legal description.
05
State the purchase price and payment method.
06
Outline any deposits or earnest money required, including deadlines.
07
Include contingencies, such as inspections or financing requirements.
08
Specify the closing date and location.
09
Include provisions for seller disclosures and warranties.
10
Sign the agreement with the date for both parties.
Who needs purchase and sale agreement?
01
Anyone involved in a real estate transaction, including home buyers, sellers, real estate agents, and legal professionals.
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What is purchase and sale agreement?
A purchase and sale agreement is a legal contract between a buyer and seller outlining the terms and conditions of a transaction involving the sale of property, goods, or services.
Who is required to file purchase and sale agreement?
Typically, the seller or their agent is required to file the purchase and sale agreement with the relevant authorities, or it may be necessary for both parties to ensure compliance with local laws.
How to fill out purchase and sale agreement?
To fill out a purchase and sale agreement, parties must provide details such as the names of the buyer and seller, property description, purchase price, payment terms, and any contingencies or conditions that must be met.
What is the purpose of purchase and sale agreement?
The purpose of a purchase and sale agreement is to outline the details of the transaction, protect the interests of both parties, and serve as a legal document that can be enforced if necessary.
What information must be reported on purchase and sale agreement?
Information that must be reported includes the names and contact information of the buyer and seller, property details, purchase price, financing terms, closing dates, and any relevant disclosures.
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