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Contract Of Sale - Office Commercial And Multi-Family Residential Premises (Short Form) - New York
| Contract Of Sale - Office Commercial And Multi-Family Residential Premises (Short Form) Form. This is a New York form and can be used in Contracts Title Real Estate Statewide . |
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Contract of Sale for New York office, commercial and multi-family residential premises Contract of Sale---Office, Commercial and Multi-Family Residential Premises Table of Contents Schedule A. Description of premises (to be attached) Schedule B. Permitted exceptions Schedule C. Purchase price Schedule D. Miscellaneous Schedule E. Rent schedule (to be attached) Section 1. Sale of premises and acceptable title Section 2. Purchase price, acceptable funds, existing mortgages, purchase money mortgage and escrow of downpayment Section 3. The closing Section 4. Representations and warranties of seller Section 5. Acknowledgments of purchaser Section 6. Seller's obligations as to leases Section 7. Responsibility for violations Section 8. Destruction, damage or condemnation Section 9. Covenants of seller Section 10. Seller's closing obligations Section 11. Purchaser's closing obligations Section 12. Apportionments Section 13. Objections to title, failure of seller or purchaser to perform and Section 14. Broker Section 15. Notices Section 16. Limitations on survival of representations, warranties, covenants and other obligations Section 17. Miscellaneous provisions Signatures and receipt by escrowee CONTRACT dated the Between day of , , Address: ("Seller") and Address: ("Purchaser"). Seller and Purchaser hereby covenant and agree as follows: Schedule A DESCRIPTION OF PREMISES The Premises are located at or known as: Street Address: City: State: Zip: Tax Map Designation: Section: Block: ( metes and bounds description attached hereto) Schedule B PERMITTED EXCEPTIONS 1. Zoning regulations and ordinances which are not violated by the existing structures or present use thereof and which do not render title uninsurable. 2. Consents by the Seller or any former owner of the Premises for the erection of any structure or structures on, under or above any street or streets on which the Premises may abut. 3. The Existing Mortgage(s) and financing statements, assignments of leases and other collateral assignments ancillary thereto. 4. Leases and Tenancies specified in the Rent Schedule and any new leases or tenancies not prohibited by this contract. 5. Unpaid installments of assessments not due and payable on or before the Closing Date. 6. Financing statements, chattel mortgages and liens on personalty filed more than 5 years prior to the Closing Date and not renewed, or filed against property or equipment no longer located on the Premises or owned by Tenants. 7. (a) Rights of utility companies to lay, maintain install and repair pipes, lines, poles, conduits, cable boxes and related equipment on, over and under the Premises, provided that none of such rights imposes any monetary obligation on the owner of the Premises. (b) Encroachments of stoops, areas, cellar steps, trim cornices, lintels, window sills, awnings, canopies, ledges, fences, hedges, coping and retaining walls projecting from the Premises over any street or highway or over any adjoining property and encroachments of similar elements projecting from adjoining property over the Premises. (c) Revocability or lack of right to maintain vaults, coal chutes, excavations or sub-surface equipment beyond the line of the Premises. (d) Any state of facts that an accurate survey would disclose, provided that such facts do not render title unmarketable. For the purposes of this contract, none of the facts shown on the survey, if any, identified below shall be deemed to render title unmarketable, and Purchaser shall accept title subject thereto: Lot: Schedule C PURCHASE PRICE The Purchase Price shall be paid as follows: (a) By check subject to collection, the receipt of which is hereby acknowledged by Seller: $ American LegalNet, Inc. www.FormsWorkFlow.com (b) By check or checks delivered to Seller at the Closing in accordance with the provisions of §2.02: (c) By acceptance of title subject to the following Existing Mortgage(s): (d) By execution and delivery to Seller by Purchaser or its assignee of a note secured by a Purchase Money Mortgage on the Premises, in the sum of $ payable as follows: Interest Rate: Term: Monthly payment: Making for a total Purchase Price of: Prep. Fee: Other provisions: $ $ $ $ Schedule D MISCELLANEOUS 1. Title insurer designated by the parties (§1.02): 2. Last date for consent by Existing Mortgagee(s) (§2.03(b)): 3. Maximum Interest Rate of any Refinanced Mortgage (§2.04(b)): 4. Prepayment Date on or after which Purchase Money Mortgage may be prepaid (§2.04(c)): 5. Seller's tax ID Nos (§2.05) #1: 6. Buyer's tax ID Nos (§2.05) #1: #2: #2: , #3: #3: Time: #4: #4: o'clock. 7. Scheduled time and date of Closing (§3.01): Date: 8. Place of Closing (§3.01): 9. Assessed valuation of Premises (§4.10): 10. Fiscal year and annual real estate taxes on Premises (§4.10): Fiscal Year: 11. Tax abatements or exemptions affecting Premises (§4.10): 12. Assessments on Premises (§4.13): 13. Maximum Amount which Seller must spend to cure violations, etc. (§7.02): 14. Maximum Expense of Seller to cure title defects, etc. (§13.02): 15. Broker, if any (§14.01): 16. Party to pay broker's commission (§14.01): 17. Address for notices (§15.01): If to Seller: Annual Taxes: with a copy to: If to Purchaser: with a copy to: 18. Limitation Date for actions based on Seller's surviving representations and other obligations (§16.01): 19. Additional Schedules or Riders (§17.08): Schedule E RENT SCHEDULE ( if more than four tenants, check, and annex a rent schedule rider hereto; otherwise, enter information below) Name Apt. No. Rent Due Security Section 1. Sale of Premises and Acceptable Title §1.01. Seller shall sell to Purchaser, and Purchaser shall purchase from Seller, at the price and upon the terms and conditions set forth in this contract: (a) the parcel of land more particularly American LegalNet, Inc. www.FormsWorkFlow.com described in Schedule A attached hereto ("Land"); (b) all buildings and improvement situated on the Land (collectively, "Building"); (c) all right, title and interest of Seller, if any, in and to the land Iying in the bed of any street or highway in front of or adjoining the Land to the center line thereof and to any unpaid award for any taking by condemnation or any damage to the Land by reason of a change of grade of any street or highway; (d) the appurtenances and all the estate and rights of Seller in and to the Land and Building; and (e) all right, title and interest of Seller, if any, in and to the fixtures, equipment and oth
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