REAL ESTATE PURCHASE AGREEMENT This Real Estate Purchase Agreement (the Agreement) is made and entered into on this ___ day of __________, 2024, by and between: SELLER: Name: ________________________________________ Address: ______________________________________ Email: ________________________________________ Phone: ________________________________________ BUYER: Name: ________________________________________ Address: ______________________________________ Email: ________________________________________ Phone: ________________________________________ PROPERTY: The property is located at the following address: Street Address: ________________________________________ City: ________________________________________ State/Province: ________________________________________ Postal Code: ________________________________________ Country: ________________________________________ LEGAL DESCRIPTION OF PROPERTY (if applicable): 1. PURCHASE PRICE 1.1 The total purchase price of the property is ___________________________ (Currency), payable as follows: Deposit: ___________________________ (Amount) Balance due on closing: ___________________________ (Amount) 1.2 The purchase price includes all fixtures, fittings, and chattels as outlined in Appendix A of this Agreement. 2. PAYMENT TERMS 2.1 The Buyer agrees to pay the deposit by ___________________________ (Date). 2.2 The balance of the purchase price will be payable on or before the Closing Date. 2.3 Failure to pay the deposit by the stated date shall result in the termination of this Agreement unless otherwise agreed in writing. 3. CLOSING DATE 3.1 The closing of the sale will occur on or before ___________________________ (Date) (“Closing Date”). 3.2 Any delays in closing due to the fault of either party may result in penalties as outlined in Section 10. 4. POSSESSION 4.1 The Buyer will take possession of the property on ___________________________ (Date), subject to the completion of all payments and other conditions of this Agreement. 5. CONTINGENCIES 5.1 Financing: The Buyer must obtain satisfactory financing by ___________________________ (Date). 5.2 Inspection: The Buyer must be satisfied with an inspection of the property by ___________________________ (Date). 5.3 Title: The Seller must provide a marketable title, free from encumbrances, by the Closing Date. 5.4 If any of these contingencies are not met, either party may terminate the Agreement with written notice. 6. INSPECTION PERIOD 6.1 The Buyer is entitled to inspect the property from ___________________________ (Date) to ___________________________ (Date). 6.2 If repairs are required, the Buyer may request them. If the Seller declines, the Buyer may terminate the Agreement and receive a refund of the deposit. 7. TITLE AND DOCUMENTATION 7.1 The Seller agrees to provide a clean and marketable title to the Buyer. 7.2 The Seller is responsible for clearing any encumbrances, liens, or claims on the property. 7.3 All required documents for title transfer must be prepared and signed by the Closing Date. 8. FORCE MAJEURE 8.1 Neither party shall be liable for delays or failure to perform due to any event of Force Majeure. 8.2 Force Majeure includes, but is not limited to, natural disasters, wars, strikes, and government actions. 8.3 In the event of Force Majeure: 8.3.1 The affected party must notify the other party as soon as possible. 8.3.2 The affected party shall use reasonable efforts to mitigate the impact of the event. 8.3.3 If the Force Majeure event persists for more than ________ (Days), either party may terminate the Agreement with written notice, and all payments made will be refunded. 9. REPRESENTATIONS AND WARRANTIES 9.1 Seller’s Warranties: The Seller warrants they have the legal right to sell the property and that it is free of encumbrances unless disclosed. 9.2 Buyer’s Warranties: The Buyer warrants they have the financial capacity to complete the purchase. 10. PENALTIES FOR NON-PERFORMANCE 10.1 Seller’s Default: If the Seller fails to complete the sale by the Closing Date, the Buyer may: 10.1.1 Terminate the Agreement and receive a refund of all payments made. 10.1.2 Pursue specific performance or damages, including reasonable legal fees. 10.2 Buyer’s Default: If the Buyer fails to complete the purchase by the Closing Date: 10.2.1 The Seller may terminate the Agreement and retain the deposit as liquidated damages. 10.3 Late Payments: If any payments are not made by the due dates: 10.3.1 A late fee of ________% of the outstanding amount will be payable by the defaulting party. 11. CLOSING COSTS 11.1 The Buyer is responsible for: 11.1.1 Transfer taxes. 11.1.2 Title insurance. 11.1.3 Recording fees. 11.1.4 Other financing-related costs. 11.2 The Seller is responsible for: 11.2.1 Real estate commission fees (if applicable). 11.2.2 Property taxes through the Closing Date. 11.2.3 Clearing encumbrances on the title. 12. DISPUTE RESOLUTION 12.1 The parties agree to first attempt to resolve disputes through good-faith negotiations. 12.2 If negotiation fails: 12.2.1 The parties agree to submit the dispute to mediation. 12.2.2 If mediation fails, the dispute shall be resolved by binding arbitration under the laws of ___________________________ (Jurisdiction). 12.3 Any legal actions must be brought in the courts of ___________________________ (Region/Country). 13. GOVERNING LAW 13.1 This Agreement shall be governed by the laws of ___________________________ (Country/State), without regard to its conflict of laws principles. 14. ENTIRE AGREEMENT 14.1 This Agreement contains the entire understanding between the parties and supersedes all prior agreements. 14.2 No amendments to this Agreement shall be valid unless made in writing and signed by both parties. 15. SIGNATURES 15.1 The parties agree to be bound by this Agreement by signing below. SELLER SIGNATURE: Signature: ___________________________ Name: ________________________________________ Date: ___________________________ BUYER SIGNATURE: Signature: ___________________________ Name: ________________________________________ Date: ___________________________