Contract To Buy And Sell Real Estate (Land - With Or Without Residences) {CBS4} | Pdf Fpdf Docx | Colorado

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Contract To Buy And Sell Real Estate (Land - With Or Without Residences) {CBS4} | Pdf Fpdf Docx | Colorado

Contract To Buy And Sell Real Estate (Land - With Or Without Residences) {CBS4}

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

Alternate TextLast updated: 6/20/2019

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CBS4 - 5 - 1 9 . CONTRACT TO BUY AND SELL REAL ESTATE ( LAND ) Page 1 of 18 The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission . 1 (CBS 4 - 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 ( LAND ) 8 ( Property with No Residences) 9 ( Property with Residences - Residential Addendum Attached) 10 11 Date: 12 AGREEMENT 13 1. AGREEMENT. Buyer agrees to buy and Seller agrees to sell the Property described below on the terms and conditions se t 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 streets 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 . The following items, whether fixtures or personal property, are included in t he Purchase Price 33 unless excluded under Exclusions : 34 35 36 37 If any additional items are attached to the Property after the date of this Contract, such additional items are also included in the 38 Purchase Price. 39 2.5.2. Personal Property - Conveyance . Any personal property must be conveyed at Closing by Seller free and 40 clear of all taxes (except personal property taxes for the year of Closing), liens and encumbrances, except . 41 Conveyance of all personal property will be by bill of sale or other applicable legal instrument. 42 2.6. Exclusions. The following items are excluded (Exclusions): 43 44 45 46 2.7. Water Rights, Well Rights, Water and Sewer Taps. 47 2.7.1 . Deeded Water Rights. The following legally described water rights: 48 49 50 51 Any deeded water rights will be conveyed by a good and sufficient d eed at Closing. 52 American LegalNet, Inc. www.FormsWorkFlow.com CBS4 - 5 - 1 9 . CONTRACT TO BUY AND SELL REAL ESTATE ( LAND ) Page 2 of 18 2.7.2. Other Rights Relating to Water. The following rights relating to water not included in 247247 2.7.1, 2.7.3, 2.7.4 53 and 2.7.5, will be transferred to Buyer at Closing: 54 55 56 57 2.7.3. Well Rights. Seller agrees to supply required information to Buyer about the well. Buyer understands that if 58 59 Buyer must, prior to or at Closing, complete a Change in Ownership form for the well. If an existing well has not been regist ered 60 with the Colorado Division of Water Resources in the Department of Natural Re sources (Division), Buyer must complete a 61 registration of existing well form for the well and pay the cost of registration. If no person will be providing a closing se rvice in 62 connection with the transaction, Buyer must file the form with the Division with in sixty days after Closing. The Well Permit # is 63 . 64 2.7.4. Water Stock Certificates. The water stock certificates to be transferred at Closing are as follows: 65 66 67 68 2. 7 . 5 . Water and Sewer Taps. The parties agree that water and sewer taps listed below for the Property are being 69 conveyed as part of the Purchase Price as follows: 70 71 72 73 If any water or sewer taps are included in the sale, Buyer is advised to obtain, from the provid er, written confirmation of 74 the amount remaining to be paid, if any, time and other restrictions for transfer an d use of the tap s . 75 2.7. 6 . Conveyance. If Buyer is to receive any rights to water pursuant to 247 2.7.2 (Other Rights Relating to Water), 76 247 2.7. 3 (Well Rights), 247 2.7.4 (Water Stock Certificates), or 247 2.7.5 (Water and Sewer Taps) , Seller agrees to convey such rights to 77 Buyer by executing the applicable legal instrument at Closing. 78 2. 8 . Growing Crops. With respect to growing crops, Seller and Bu yer agree as follows: 79 80 81 82 3. DATES , DEADLINES AND APPLICABILITY . 83 3.1. Dates and Deadlines . 84 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) 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 American LegalNet, Inc. www.FormsWorkFlow.com CBS4 - 5 - 1 9 . CONTRACT TO BUY AND SELL REAL ESTATE ( LAND ) Page 3 of 18 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 . Applicability of Terms. Any box checked in this Contract means the corresponding provision applies. If a ny deadline 85 blank in 247 3.1 ( Dates and Deadlines ) is , 86 is not ap plicable and the corresponding provision containing the deadline is deleted. If no box is checked in a provision that contain s 87 88 the date upon which both parties have signed this Contract. 89 4. PURCHASE PRICE AND TERMS. 90 4.1. Price and Terms. The Purchase Price set forth below is payable in U.S. Dollars by Buyer as follows: 91 Item No. Reference Item Amount Amount 1 247 4.1 Purchase Price $ 2 247 4.3 Earnest Money $ 3 247 4.5 New Loan $ 4 247 4.6 Assumption Balance $ 5 247 4.7 Private Financing $ 6 247 4.7 Seller Financing $ 7 8 9 247 4.4 Cash at Closing $ 10 TOTAL $ $ 4.2. Seller Concession. At Closing, Seller will credit to Buyer $ (Seller Concession). The Seller 92 Concession may be used for any Buyer fee, cost, charge or expenditure to the extent the amount is allowed by the Buyer s lender 93 and is included in the Closing Statement or Closing Disclosure at Closing. Examples of allowable items to be paid for by the Seller 94 American LegalNet, Inc. www.FormsWorkFlow.com CBS4 - 5 - 1 9 . CONTRACT TO BUY AND SELL REAL ESTATE ( LAND ) Page 4 of 18 Concession include, but are not limited to : Buyer s closing costs, loan discount points, loan origination fees

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