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New Hampshire Purchase and Sales Agreement and Deposit Receipt Form

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New Hampshire Purchase and Sales Agreement and Deposit Receipt Form
New Hampshire Purchase and Sales Agreement and Deposit Receipt Form
PURCHASE AND SALES AGREEMENT AND DEPOSIT RECEIPT
New Hampshire Association of REALTORS® Standard Form
1. THIS AGREEMENT
made this
day of , 20 between
Sam Seller
(“
SELLER
”)
of
, City County of ,
State
Zip and Bob Buyer (“
BUYER
”)
of
, City County of ,
State
Zip .
2. WITNESSETH:
That SELLER agrees to sell and convey, and BUYER agrees to buy certain real estate located in City/Town
of
known as or described as
County Book XXX Page XXX Date (
“PROPERTY”
).
3.
The
SELLING PRICE
is
Dollars $ .
DEPOSIT, receipt of which is hereby acknowledged in the form of
, is to
be held in an escrow account by
(
“ESCROW AGENT”
), in the sum of $ .
ADDITIONAL DEPOSIT will be paid on or before
, in the sum of $ .
CASH, CERTIFIED CHECK OR BANK DRAFT will be paid on the date of transfer of title in the sum of $
.
4. DEED:
Marketable title shall be conveyed by a
deed, and shall be free and
clear of all encumbrances except usual public utilities serving the PROPERTY.
5. TRANSFER OF TITLE:
On or before
at or
some other place of mutual consent as agreed to in writing.
6. POSSESSION:
Full possession and occupancy of the premises with all keys shall be given upon the transfer of title free of
all tenants and occupant's personal property and encumbrances except as herein stated. Said premises to be then in the
same condition in which they now are, reasonable wear and tear excepted. SELLER agrees that the premises will be
delivered to BUYER free of all debris and in “broom clean” condition. Exceptions:
Buyer reserves the right to conduct a walk through inspection upon reasonable notice to SELLER's AGENCY within
hours prior to time of closing to ensure compliance with the terms of this Agreement.
7. AGENCY:
The undersigned SELLER(S) and BUYER(S) acknowledge the roles of the agents as follows:
of is a seller agent buyer agent non-agent disclosed dual agent*
of is a seller agent buyer agent non-agent disclosed dual agent*
*If agent(s) are acting as disclosed dual agents, SELLER and BUYER acknowledge prior receipt and signing of a Dual
Agency Informed Consent Agreement.
8. INSURANCE:
The
buildings
on
said
premises
shall,
until
full
performance
of
this
Agreement,
be
kept
insured
against
fire,
with
extended
coverage
by
SELLER
.
In
case
of
loss,
all
sums
recoverable
from
said
insurance
shall
be
paid
or
assigned,
on delivery
of deed, to
BUYER
, unless the premises shall previously have been restored to their former condition by
SELLER
; or, at the
option of
BUYER
, this Agreement may be rescinded and the
DEPOSIT
refunded if any such loss exceeds $ .
9. TITLE:
If upon examination of title it is found that the title is not marketable, SELLER shall have a reasonable time, not to
exceed thirty (30) days from the date of notification of defect (unless otherwise agreed to in writing), to remedy such defect.
Should SELLER be unable to provide marketable title within said thirty (30) days, BUYER may rescind this Agreement at
BUYER'S sole option, with full deposit being refunded to BUYER and all parties being released from any further obligations
hereunder. SELLER hereby agrees to make a good faith effort to correct the title defect within the thirty (30) day period
above prescribed once notification of such defect is received. The cost of examination of the title shall be borne by BUYER.
SELLER(S) INITIALS
_____________/_____________
BUYER(S) INITIALS
_____________/_____________
© 2008 NEW HAMPSHIRE ASSOCIATION OF REALTORS
, INC. ALL RIGHTS RESERVED FOR USE BY NHAR REALTOR
MEMBERS ONLY. ALL OTHER USE PROHIBITED 01.2008
PAGE 1 OF 5
New Hampshire Purchase and Sales Agreement and Deposit Receipt Form
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