Purchase and Sale Agreement Template - Free Download
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Purchase and Sale Agreement Template
Purchase and Sale Agreement Template
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PURCHASE AND SALE AGREEMENT
(a) BUYER NAME(s): __________________________________________________________________________________
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(b) SELLER NAME(s): _________________________________________________________________________________
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(c) PROPERTY ADDRESS and/or DESCRIPTION: Buyer agrees to purchase and Seller agrees to sell the real property identified as:
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___________________________________________________________________________________________________
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_____________________________________________________________, _____________________ County, Tennessee.
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(d) PURCHASE PRICE: $__________________, _____________________________________________________ Dollars,
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to be paid in cash or equivalent good funds at closing.
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(e) EARNEST MONEY: $ _____________ valid check or money order payable to Escrow Agent: _______________________
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___________________________, whose address is: ________________________________________________________,
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will be promptly delivered to Escrow Agent no later than 5:00 PM, three (3) calendar days after the Acceptance Date.
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(f) CLOSING, EXPIRATION, & POSSESSION DATE: ___________________________. This is the date that the sale will
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be closed, or this Agreement will expire on this date at 11:59 PM. If this is not a business day, this date will be extended to the
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next business day. Any other change in this date must be agreed to in writing by all parties. Possession of the entire property will
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be given to the Buyer at the time of closing, unless a different time of possession is agreed to in a separate Occupancy Agreement.
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(g) ITEMS INCLUDED OR EXCLUDED: Included, if present, as part of the property sale: all real estate, buildings,
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improvements, appurtenances (rights and privileges), and fixtures. Fixtures include all things which are attached to the
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structure(s) by nails, screws, or other permanent fasteners, including, but not limited to all of the following, if present:
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attached light fixtures and bulbs, ceiling fans, attached mirrors; heating and cooling equipment and thermostats; plumbing
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fixtures and equipment; all doors and storm doors; all windows, screens, and storm windows; all window treatments
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(draperies, curtains, blinds, shades, etc.) and hardware; all wall-to-wall carpet; all built-in kitchen appliances and stove; all
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bathroom fixtures; gas logs, fireplace doors and attached screens; all security system components and controls; garage door
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openers and all remote controls; swimming pool and its equipment; awnings; permanently installed outdoor cooking grills;
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all fencing, landscaping and outdoor lighting; and mail boxes.
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Other items included in the sale: ________________________________________________________________________
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______________________________________________________________________________________________________________
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_____________________________________________________________________________________________________________.
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Items that are not included in the sale: ___________________________________________________________________.
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Leased items:_______________________________________________________________________________________.
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(h) CLOSING COSTS: Unless otherwise stated in Special Stipulations or Addenda, closing costs are to be paid as follows:
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Seller must pay all Seller’s existing loans, liens and related costs affecting the sale of the property, Seller's settlement fees,
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real estate commissions, the balance on any leased items that remain with the property, and a title insurance policy with
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Buyer to receive benefit of simultaneous issue. Any existing rental or lease deposits must be transferred to Buyer at closing.
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Buyer must pay transfer taxes, deed and deed of trust recording fees, association transfer fees, hazard and any other
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required insurance, Buyer's settlement fees, and all Buyer’s loan related or lender required expenses.
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(i) PRORATIONS, TAXES & ASSESSMENTS: The current year’s property taxes, any existing tenant leases or rents,
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association or maintenance fees, (and if applicable, any remaining fuel), will be prorated as of the date of closing. Taxes for
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prior years and any special assessments approved before date of closing must be paid by Seller at or before closing. If
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applicable, roll back taxes or any tax or assessment that cannot be determined by closing date should be addressed in
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Special Stipulations or Addenda and will survive the closing.
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(j) HOME PROTECTION PLANS: Home Protection plans available for purchase are waived, unless addressed in Special
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Stipulations. Buyer and Seller understand that an administrative fee may be paid to the Real Estate Company if plan is purchased.
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(k) SPECIAL STIPULATIONS: The following special stipulations, if in conflict with any language contained within the 3 pages of
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this Purchase and Sale Agreement, will control: __________________________________________________________________
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______________________________________________________________________________________________________________
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______________________________________________________________________________________________________________
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______________________________________________________________________________________________________________
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______________________________________________________________________________________________________________
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______________________________________________________________________________________________________________
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______________________________________________________________________________________________________________
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______________________________________________________________________________________________________________.
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(l) TIME IS OF THE ESSENCE: The failure to meet specified time limits will be grounds for canceling this Agreement.
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(m) FAIR HOUSING AND EQUAL OPPORTUNITY: This Property is being sold without regard to race, color, sex,
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religion, disability, marital status, family status, sexual orientation, age, ancestry, or national origin.
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