Contact : 617-595-3712         Boston Real Estate         realtyford@yahoo.com         fordrealty.net    

Boston Condos
Boston

Boston Rentals
New Listings
Waterfront
Foreclosure




Commercial Building Sale to a Corporation

Commercial Building Sale to a Corporation

This agreement is made on _________[date], at _________[place of execution] by _________, referred to as seller, whose _________[business or residence] address is _________[address], _________[city], _________ County, _________[state], and _________[corporate name], referred to as purchaser, a corporation organized under the laws of _________[state], with its principal office in _________[state], located at _________[address], _________[city], _________ County, _________[state].

RECITALS

In consideration of the covenants and agreements of the respective parties, as set forth below, seller agrees to sell and convey to purchaser, and purchaser agrees to purchase and take from seller, the real property situated in _________[city], _________ County, _________[state], and particularly described as follows: _________[set forth legal description], together with all improvements on the property and appurtenances to it, and the articles of equipment and other personal property listed in Exhibit _________, which is attached and incorporated by reference. The real and personal property described above is referred to as property.

Transfer to purchaser shall include all right, title, and interest of seller in and to all streets, alleys, roads, and avenues adjoining the real property, and shall further include any award for damaging or taking by eminent domain by public or quasi-public authority, of the real property or any part of it.

The following terms, provisions, and conditions are further agreed to:

SECTION ONE.

PRICE

The purchase price for property is _________ Dollars ($_____), payable as follows: _________[describe terms].

SECTION TWO.

TITLE; TENANCIES.

(a). Conveyance of title to property shall be by warranty deed with full covenants, executed by seller _________[if appropriate, add: accompanied by a duly certified resolution of the board of directors of seller, authorizing the conveyance], to purchaser or purchaserís nominees. Title to be conveyed shall be good and marketable, subject only to _________[specify acceptable liens, encumbrances, restrictions, easements and other burdens].

(b). Property is presently occupied by _________[number] tenants under month-to-month tenancies or leases, as set forth in Schedule _________, which is attached and made a part of this agreement. Transfer of title and possession to property shall be subject to those tenancies, but all right, title and interest of seller in property shall be transferred to purchaser or its nominees at the time of conveyance of title.

(c). Conveyance of title shall be made and sale closed within _________ days after the date of this agreement. Title shall be evidenced by a standard form title insurance policy issued by _________[name of title company], insuring title to property to be in purchaser or its nominees, subject only to the matters set forth in this agreement

SECTION THREE.

ASSESSMENTS

If, at the time of transfer of title, property or any part of property is subject to an assessment or assessments payable in installments, all such installments not due or delinquent at the time of transfer shall nevertheless be deemed to be due and payable at such time and as liens on the real property described above, and all such assessments shall be paid and discharged by seller.

SECTION FOUR.

ESCROW; PRO-RATION

(a). Escrow shall be opened with _________[name of escrow company]. Such instructions as the escrow company may require, not inconsistent with the provisions of this agreement, shall be signed and filed by the parties.

(b). The following items shall be prorated as of the close of escrow: rentals, real estate taxes due but not delinquent, prepaid insurance premiums _________[add other items, as appropriate].

(c). Escrow shall close when the escrow company is in a position to record all documents required under this agreement, make all disbursements, and _________[issue or secure] a title insurance policy.

SECTION FIVE.

RISK OF LOSS; MAINTENANCE; TRANSFER OF POSSESSION

(a). Risk of loss or damage by fire or other casualty to property or any part of property prior to close of escrow shall be the risk of seller. In the event of such loss or damage prior to closing, this agreement shall not be affected but seller shall assign to purchaser all rights under any insurance policy or policies applicable to the loss. If action is necessary to recover under any casualty policy, seller shall grant permission to bring the action in sellerís name.

(b). Improvements and personal property described above shall be maintained in their present condition prior to the close of escrow by seller, wear from normal and reasonable use and deterioration excepted.

(c). Possession of property, subject to the leases and tenancies referred to above, shall be transferred at close of escrow.

SECTION SIX.

COMMERCIAL ZONING

Seller warrants that property is zoned for commercial purposes and that all existing uses are lawful and within such zoning. Purchaser plans the use of property for _________[describe purposes, such as: the construction of a three-story masonry building near the corner of property, bordered by _________ and _________ Streets, to be used as a general department store. Plans and specifications for the building have been prepared by _________, architect for purchaser, and have been examined by seller]. Purchaser intends to apply for a _________[building permit or as the case may be] for such additional use, and for appropriate amendments to the existing zoning plan for the area in which property is located. Seller will cooperate fully with purchaser with respect to the contemplated plans. If purchaser is unable to proceed with the described project because of any adverse decision of _________[city], or any board, commission, or officer of _________[city], purchaser shall _________[state agreed remedy, such as: remit _________ Dollars ($_____) of the purchase price by crediting that amount on the purchase-money mortgage to be executed by purchaser in favor of seller].

SECTION SEVEN.

BROKERíS COMMISSION

A commission of _________ Dollars ($_____) has become due from seller to _________[name of broker] by reason of the sale provided for in this agreement. That amount shall be paid to broker at close of escrow directly, from cash payable on close to seller.


SECTION EIGHT.

BINDING EFFECT OF AGREEMENT

This agreement and the covenants and agreements of it shall bind and inure to the benefit of the parties, and their respective heirs, personal representatives, successors and assigns. Unless the agreement otherwise requires, the covenants of this agreement shall survive the transfer of title.

In witness whereof, the parties have executed this instrument at the place and on the date first above-specified. _________[Number] duplicate originals of the agreement have been signed.


_____________________________________

_____________________________________

_____________________________________

_____________________________________

Signatures



QUICK
SEARCH





INSTANT
HOME EVALUATION

Street :
City :
Zip Code :






FREE
DAILY UPDATES


  • Automated home searches
  • Favorite properties
  • Email updates
  • Foreclosure list
  • Recently reduced
  • Lots more!

  • Full Name :
    Email :
    Location :



    MARKET
    ANALYSIS


    FEATURED
    AREA LOCATIONS

      BACK BAY

      BEACON HILL

      BELMONT

      BOSTON DORCHESTER CONDOS

      BOSTON FENWAY CONDOS

      BOSTON HYDE PARK CONDO

      BOSTON JAMAICA PLAIN CONDOS

      BOSTON LUXURY DEVELOPMENTS

      BOSTON MIDTOWN CONDOS

      BOSTON NORTH END CONDOS

      BOSTON SUBURBS

      BOSTON WATERFRONT CONDOS

      BRIGHTON CONDOS

      BROOKLINE

      CAMBRIDGE

      CHARLESTOWN

      EASTHAM

      EASTHAMPTON

      EASTON

      EAST BOSTON

      EAST BOSTON CONDOS

      EAST BRIDGEWATER

      EAST BROOKFIELD

      EAST LONGMEADOW

      EDGARTOWN

      EGREMONT

      ERVING

      ESSEX

      EVERETT

      FAIRHAVEN

      FALL RIVER

      FENWAY

      FINANCIAL DISTRICT

      FITCHBURG

      FORT HILL

      FOXBORO

      FRAMINGHAM

      FRANKLIN

      FREETOWN

      GARDNER

      GAY HEAD

      GEORGETOWN

      GILL

      GLOUCESTER

      GOSHEN

      GOSNOLD

      GRAFTON

      GRANBY

      GRANVILLE

      GREAT BARRINGTON

      GREENFIELD

      GROTON

      GROVELAND

      HADLEY

      HALIFAX

      HAMILTON

      HAMPDEN

      HANOVER

      HANSON

      HARDWICK

      HARVARD

      HARWICH

      HATFIELD

      HAVERHILL

      HAWLEY

      HEATH

      HINGHAM

      HOLBROOK

      HOLDEN

      HOLLAND

      HOLLISTON

      HOLYOKE

      HOPEDALE

      HOPKINTON

      HUBBARDSTON

      HUDSON

      HULL

      HUNTINGTON

      HYDE PARK

      IPSWICH

      JAMAICA PLAIN

      KINGSTON

      LAKEVILLE

      LANCASTER

      LANESBOROUGH

      LAWRENCE

      LEATHER DISTRICT

      LEE

      LEICESTER

      LENOX

      LEOMINSTER

      LEVERETT

      LEXINGTON

      LEYDEN

      LINCOLN

      LITTLETON

      LONGMEADOW

      LOWELL

      LUDLOW

      LUNENBURG

      LYNN

      LYNNFIELD

      MIDTOWN

      NEWTON

      NORTH END

      QUINCY

      RANDOLPH

      RAYNHAM

      READING

      REHOBOTH

      REVERE

      ROCHESTER

      ROCKLAND

      ROCKPORT

      ROSLINDALE

      ROWE

      ROWLEY

      ROXBURY

      ROYALSTON

      RUSSELL

      RUTLAND

      SALEM

      SALISBURY

      SANDISFIELD

      SANDWICH

      SAUGUS

      SAVOY

      SCITUATE

      SEAPORT

      SEAPORT DISTRICT

      SEEKONK

      SHARON

      SHELBURNE

      SHERBORN

      SHIRLEY

      SHREWSBURY

      SHUTESBURY

      SOMERSET

      SOMERVILLE

      SOUTHAMPTON

      SOUTHBOROUGH

      SOUTHBRIDGE

      SOUTHWICK

      SOUTH BOSTON

      SOUTH END

      SOUTH HADLEY

      SPENCER

      SPRINGFIELD

      STERLING

      STOCKBRIDGE

      STONEHAM

      STOUGHTON

      STOW

      STURBRIDGE

      SUDBURY

      SUNDERLAND

      SUTTON

      SWAMPSCOTT

      SWANSEA

      TAUNTON

      TEMPLETON

      TEWKSBURY

      THE FENWAY

      TISBURY

      TOLLAND

      TOPSFIELD

      TOWNSEND

      TRURO

      TYNGSBOROUGH

      TYRINGHAM

      UPTON

      UXBRIDGE

      WAKEFIELD

      WALES

      WALPOLE

      WALTHAM

      WARE

      WAREHAM

      WARREN

      WARWICK

      WASHINGTON

      WATERFRONT

      WATERTOWN

      WAYLAND

      WEBSTER

      WELLESLEY

      WELLFLEET

      WENDELL

      WENHAM

      WESTBOROUGH

      WESTFIELD

      WESTFORD

      WESTHAMPTON

      WESTMINSTER

      WESTON

      WESTPORT

      WESTWOOD

      WEST BOYLSTON

      WEST BRIDGEWATER

      WEST BROOKFIELD

      WEST END

      WEST NEWBURY

      WEST ROXBURY

      WEST SPRINGFIELD

      WEST TISBURY

      WEYMOUTH

      WHATELY

      WHITMAN

      WILBRAHAM

      WILLIAMSBURG

      WILLIAMSTOWN

      WILMINGTON

      WINCHENDON

      WINCHESTER

      WINDSOR

      WINTHROP

      WOBURN

      WORCESTER

      WORTHINGTON

      WRENTHAM

      YARMOUTH





    Search

    Our Featured Properties
    Property Alert
    Foreclosure Alert
    Buyers

    Search MLS Listings
    Ready To Buy A Home?
    Home Ownership Basics
    How much can you afford?
    Choose a Neighborhood
    Mortgage Basics
    Sellers

    Set Your List Price
    How to Price Your Home
    Get the House Ready
    After the Open House
    Picking the Best Offer
    Negotiating to Yes
    Community

    Our Communities
    Resources
    Featured Communities
    Real Estate Blog
    Real Estate Library
    Real Estate Glossary
    Mortgage Calculators
    Local Links
    Financing

    Contact

    Contact Us
    About Us
    Blog