You can easily download and personalize this contract to suit your unique needs. Whether you’re a buyer or seller, our Contract For Sale Of Real Estate ensures a smooth and secure property purchase process in Tennessee.
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CONTRACT FOR SALE OF REAL ESTATEThis Contract for Sale of Real Estate (hereinafter the “Agreement”) is made and entered into on this _day_ of _month_, _year_ by and between: _Seller’s Full Legal Name_ (hereinafter referred to as the “Seller”) whose address is _Seller’s Full Address_, and _Buyer’s Full Legal Name_ (hereinafter referred to as the “Buyer”) whose address is _Buyer’s Full Address_.
1. PROPERTY DESCRIPTIONThe Seller agrees to sell, and the Buyer agrees to purchase, the land and property located at _Property’s Full Address_, legally described as _Legal Description of the Property_, along with all existing improvements, fixtures, and attachments (collectively, the “Property”).
2. PURCHASE PRICE AND TERMSThe total purchase price to be paid by the Buyer to the Seller for the Property is $_Purchase Price_. The Buyer shall pay an initial earnest money deposit of $_Earnest Money Deposit_ upon execution of this Agreement.
3. CLOSINGThe closing of the sale shall occur on or before _Closing Date_ at the office of _Closing Agent’s Name and Address_.
4. POSSESSIONThe Seller shall give possession of the Property to the Buyer on the closing date, free and clear of all personal belongings and debris.
5. INSPECTIONSThe Buyer shall have the right to inspect the Property prior to closing to ensure the Property is in the same condition as at the time of the execution of this Agreement.
6. GOVERNING LAWThis Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee.
7. ENTIRE AGREEMENTThis Agreement constitutes the entire agreement between the parties and supersedes all prior discussions, negotiations, and agreements, whether oral or written.
8. REPRESENTATIONSBoth parties represent and warrant that they have the full power and authority to carry out the terms and conditions of this Agreement.
SIGNATURESIN WITNESS WHEREOF, the parties have executed this Contract for Sale of Real Estate as of the date first above written. __________________________ __________________________ Seller’s Full Legal Name Buyer’s Full Legal Name __________________________ __________________________ Date Date This is a legal document and should be reviewed by an attorney before being signed. Parties are advised to seek independent legal advice if any term or condition is not understood.
After understanding the intricacies of a Contract For Sale Of Real Estate In Tennessee, you may also find our Contract For Deed Template Tennessee useful. It is a detailed resource that complements the sale contract as it is needed during the exchange of property ownership. Additionally, if you’re navigating through leasing out your property, check out our Contract For Rental Property Tennessee to better manage your rental agreements.