Contract To Buy And Sell Real Estate (Commercial) {CBS3} | Pdf Fpdf Docx | Colorado

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Contract To Buy And Sell Real Estate (Commercial) {CBS3} | Pdf Fpdf Docx | Colorado

Contract To Buy And Sell Real Estate (Commercial) {CBS3}

This is a Colorado form that can be used for Real Estate within Statewide.

Alternate TextLast updated: 6/20/2019

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CBS3 - 5 - 1 9 . CONTRACT TO BUY AND SELL REAL ESTATE ( COMMERCIAL ) Page 1 of 18 The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission . 1 (CBS 3 - 5 - 1 9 ) (Mandatory 7 - 1 9 ) 2 3 THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR 4 OTHER COUNSEL BEFORE SIGNING. 5 6 CONTRACT TO BUY AND SELL REAL ESTATE 7 (COMMERCIAL) 8 ( Property with No Residences) 9 ( Property with Residences - Residential Addendum Attached) 10 11 Date: 12 AGREEMENT 13 1. AGREEMENT. Buyer agrees t o buy and Seller agrees to sell the Property described below on the terms and conditions set 14 forth in this contract (Contract). 15 2. PARTIES AND PROPERTY. 16 2.1. Buyer. (Buyer) will take title 17 to the Property described below as Joint Tenants Tenants In Common Other . 18 2.2. No Assignability. This Contract I S N OT assignable by Buyer unless otherwise specifie d in Additional Provisions . 19 2.3. Seller. (Seller) is the current 20 owner of the Property described below. 21 2.4. Property. The Property is the following legally described real estate in the County of , Colorado: 22 23 24 25 26 27 known as No. , 28 Street Address City State Zip 29 together with the interests, easements, rights, benefits, improvements and attached fixtures appurtenant thereto and all interest of 30 Seller in vacated s treets and alleys adjacent thereto, except as herein excluded (Property). 31 2.5. Inclusions. The Purchase Price includes the following items (Inclusions): 32 2.5.1. Inclusions - Attached . If attached to the Property on the date of this Contract, t he follo wing items are 33 included unless excluded under Exclusions : lighting, heating, plumbing, ventilating and air conditioning units , TV antennas, inside 34 telephone, network and coaxial (cable) wiring and connecting blocks/jacks, plants, mirrors, floor coverings, intercom systems, built - 35 in kitchen appliances, sprinkler systems and controls, built - in vacuum systems (including accessories), garage door openers 36 ( including remote controls ) . If checked, the following are owned by the Seller and included (leased items should be listed 37 under Due Diligence Documents ) : None Solar Panels Water Softeners Security Systems Satellite Systems 38 (including satellite dishes). If any additional items are attached to the Property after the date of this Contract, such additional items 39 are also included in the Purchase Price. 40 2.5.2. Inclusions Not Attached . If on the Property, whether attached or not, on the date of this Contract, the 41 following items are included unless excluded under Exclusions : storm windows, storm doors, window and porch shades, awnings, 42 blinds, screens, window coverings and treatments, curtain rods, drapery rods, fireplace inserts, fireplace screens, fireplace grates, 43 heating stoves, storage sheds , carbon monoxide alarms, smoke/fire detectors and all keys. 44 2.5.3 . Personal Property - Conveyance . Any personal property must be conveyed at Closing by Seller free and 45 clear of all taxes (except personal property taxes for the year of Closing), liens and encumbrances, except . 46 Conveyance of all personal property will be by bill of sale or other applicable legal instrument. 47 2.5 .4 . Other Inclusions . The following items, whether fixtures or personal property, are also included in the 48 Purchase Price : 49 50 51 52 53 American LegalNet, Inc. www.FormsWorkFlow.com CBS3 - 5 - 1 9 . CONTRACT TO BUY AND SELL REAL ESTATE ( COMMERCIAL ) Page 2 of 18 2.5. 5 . P arking and Storage Facilities. T he use or ownership of the following parking facilities: 54 ; and the use or ownership of the following storage facilities: . 55 Note to Buyer: If exact rights to the parking and storage facilities is a concern to Buyer , Buyer should investigate . 56 2.5.6. Trade Fixtures. With respect to trade fixtures, Seller and Buyer agre e as follows: 57 58 59 60 The t rade f ixtures to be conveyed at Closing will be conveyed by Seller free and clear of all taxes (except personal 61 property taxes for the year of Closing), liens and encumbrances, except . Conveyance 62 will be by bill of sale or other a pplicable legal instrument. 63 2.6. Exclusions. The following items are excluded (Exclusions): 64 65 66 67 2.7. Water Rights / Well Rights . 68 2.7.1 . Deeded Water Rights. The following legally described water rights: 69 70 71 72 Any deeded water rights will be conveyed by a good and sufficient d eed at Closing. 73 2.7.2. Other Rights Relating to Water. The following rights relating to water not included in 247247 2.7.1, 2.7.3 and 74 2.7.4, will be transferred to Buyer at Closing: 75 76 77 2.7.3. Well Rights. Seller agrees to supply required information to Buyer about the well. Buyer understands that if 78 79 Buyer must, prior to or at Closi ng, complete a Change in Ownership form for the well. If an existing well has not been registered 80 with the Colorado Division of Water Resources in the Department of Natural Resources (Division), Buyer must complete a 81 registration of existing well form for the well and pay the cost of registration. If no person will be providing a closing service in 82 connection with the transaction, Buyer must file the form with the Division within sixty days after Closing. The Well Permit # is 83 . 84 2.7.4. Water Stock Certificates. The water stock certificates to be transferred at Closing are as follows: 85 86 87 88 2.7. 5 . Conveyance. If Buyer is to receive any rights to water pursuant to 247 2.7.2 (Other Rights Relating to Water), 89 247 2.7.3 (Well Rights), or 247 2.7.4 (Water Stock Certificates), Seller agrees to convey such rights to Buyer by executing the a pplicable 90 legal instrument at Closing. 91 3. DATES , DEADLINES AND APPLICABILITY . 92 3.1. Dates and Deadlines . 93 Item No. Reference Event Date or Deadline 1 247 4.3 Alternative Earnest Money Deadline Title 2 247 8.1 , 8.4 Record Title Deadline 3 247 8.2 , 8.4 Record Title Objection Deadline 4 247 8.3 Off - Record Title Deadline 5 247 8.3 Off - Record Title Objection Deadline 6 247 8. 5 Title Resolution Deadline 7 247 8.6 Right of First Refusal Deadline Owners Association 8 247 7. 2 Association Documents Deadline 9 247 7.4 Association Documents Termination Deadline Seller s Disclosure s 10 247 10.1 Seller s Property Disclosure Deadline 11 247 10.1 0 Lead - Based Paint Disclosure Deadline (if Residential Addendum attached) American LegalNet, Inc. www.FormsWorkFlow.com CBS3 - 5 - 1 9 . CONTRACT TO BUY AND SELL REAL ESTATE ( COMMERCIAL ) Page 3 of 18 Loan and Credit 1 2 247 5.1 New Loan Application Deadline 1 3 247 5.2 New Loan Termination Deadline 1 4 247 5.3 Buyer s Credit Information Deadline 1 5 247 5.3 Disapproval of Buyer s Credit Information Deadline 1 6 247 5.4 Existing Loan Deadline 1 7 247 5.4 Existing Loan Termination Deadline 1 8 247 5.4 Loan Transfer Approval Deadline 1 9 247 4.7 Seller or Private Financing Deadline Appraisal 20 247 6.2 Appraisal Deadline 2 1 247 6.2 Appraisal Objection Deadline 2 2 247 6.2 Appraisal Resolution Deadline Survey 2 3 247 9.1 New ILC or New Survey Deadline 2 4 247 9. 3 New ILC or New Survey Objection Deadline 2 5 247 9. 3 New ILC or New Survey Resolution Deadline Inspection and Due Diligence 2 6 247 10. 3 Inspection Objection Deadline 27 247 10.3 Inspection Termination Deadline 2 8 247 10.3 Inspection Resolution Deadline 2 9 247 10.5 Property Insurance Termination Deadline 30 247 10.6 Due Diligence Documents Delivery Deadline 3 1 247 10. 6 Due Diligence Documents Objection Deadline 3 2 247 10.6 Due Diligence Documents Resolution Deadline 3 3 247 10.6 Environmental Inspection Termination Deadline 3 4 247 10.6 ADA Evaluation Termination Deadline 3 5 247 10. 7 Conditional Sale Deadline 3 6 247 10. 10 Lead - Based Paint Termination Deadline (if Residential Addendum attached) 3 7 247 11.1 , 11.2 Estoppel Statements Deadline 3 8 247 11. 3 Estoppel Statements Termination Deadline Closing and Possession 3 9 247 12.3 Closing Date 40 247 17 Possession Date 4 1 247 17 Possession Time 4 2 247 28 Acceptance Deadline Date 4 3 247 28 Acceptance Deadline Time 3. 2 . Applicabi

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