Counterproposal {CP40} | Pdf Fpdf Docx | Colorado

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Counterproposal {CP40} | Pdf Fpdf Docx | Colorado

Counterproposal {CP40}

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

Alternate TextLast updated: 2/20/2019

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CP40 - 6 - 1 8 . COUNTERPROPOSAL Page 1 of 3 The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission . 1 ( CP40 - 6 - 1 8 ) (Mandatory 1 - 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 COUNTERPROPOSAL 7 8 Date: 9 10 1. This Counterproposal supersede s and replace s any previous counterproposal. This Counterproposal amends the proposed 11 contract dated (Contract), between 12 (Seller), and (Buyer), relating to the s ale and purchase 13 of the following legally described real estate in the County of , Colorado: 14 15 16 17 known as No. (Property). 18 Street Address City State Zip 19 20 NOTE: If the table is omit ted, or if any item is left blank or is marked i n it means no change to 21 22 corresponding provision of the Contract to which reference is made is deleted. 23 24 2. 247 3. 1 . D ates and Deadlines . [ Note: Thi s table may be omitted if inapplicable.] 25 Item No. Reference Event Date or Deadline No Change Deleted 1 247 4. 3 Alternative Earnest Money Deadline Title 2 247 8.1 , 247 8.4 Record Title Deadline 3 247 8.2 , 247 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 8 247 7. 2 A ssociation Documents Deadline 9 247 7. 4 As sociation Documents Termination Deadline s 1 0 247 10.1 11 247 10.1 0 Lead - Based Paint Disclosure Deadline CBS 1, 2, F1 Loan and Credit 1 2 247 5.1 Loan Application Deadline 1 3 247 5.2 Loan Termination Deadline 1 4 247 5.3 1 5 247 5.3 1 6 247 5.4 Existing Loan Documents Deadline 1 7 247 5.4 Existing Loan Documents 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 American LegalNet, Inc. www.FormsWorkFlow.com CP40 - 6 - 1 8 . COUNTERPROPOSAL Page 2 of 3 Item No. Reference Event Date or Deadline No Change Deleted 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 31 247 10. 6 Due Diligence Documents Objection Deadline 3 2 247 10.6 Due Diligence Documents Resoluti on Deadline 3 3 247 10. 6 Environmental Inspection Objection Deadline CBS2, 3, 4 3 4 247 10. 6 ADA Evaluation Objection Deadline CBS2, 3, 4 3 5 247 10. 7 Conditional Sale Deadline 36 247 10.1 0 Lead - Based Paint Termination Deadline CBS 1, 2, F 1 3 7 247 11.1 , 11.2 Estoppel Statements Deadline CBS2, 3, 4 3 8 247 11.3 Estoppel Statements Termination Deadline CBS2, 3, 4 Closing and Possession 3 9 247 12.3 Closing Date 40 247 17 Possession Date 41 247 17 Possession Time 3. 247 4. PURCHASE PRICE AND TERMS. [ Note: This table may be omitted if inapplicable.] 26 The Purchase Price set forth below is payable in U. S. Dollars by Buyer as follows: 27 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 $ $ 28 4. ATTACHMENTS. The following are a part of this Counterp roposal: 29 30 31 32 Note: The following documents have been provided but are not a part of this Counterproposal: 33 34 35 36 5. OTHER CHANGES. 37 38 39 40 American LegalNet, Inc. www.FormsWorkFlow.com CP40 - 6 - 1 8 . COUNTERPROPOSAL Page 3 of 3 6. ACCEPTANCE DEADLINE. This Counterproposal expire s unless accepted in writing by Seller and Buyer as evidenced 41 by their sig natures below and the offering party to this document receives notice of such acceptance on or before 42 . 43 Date Time 44 45 If accepted, the Contract, as amended by this Counterproposal, wi ll become a contract between Seller and Buyer. All other terms 46 and c onditions of the Contract remain the same. 47 48 Date Date Address: Address: Phone No.: Phone No.: Fax No.: Fax No.: E mail Address: E mail Address: Selle Date Date Address: Address: Phone No.: Phone No.: Fax No.: Fax No.: E mail Address: E mail Address: Note: When this Counterproposal form is used, the C ontract is not to be signed by the party initiating this Counterproposal. 49 Brokers must complete and sign the Broker s Acknowledgments and Compensation Disclosure portion of the Contract. 50 51 American LegalNet, Inc. www.FormsWorkFlow.com

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