Purchase Agreement Michigan Template

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Sample

Purchase Agreement Michigan Template

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Purchase Agreement Michigan Template (1)
Between:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
[Buyer’s Phone]
[Buyer’s Email]
And:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
Introduction:
This Purchase Agreement is made on [Date] to outline the terms for the purchase of property located at [Property Address], Michigan.
Clause 1: Property Description
The Seller agrees to sell and the Buyer agrees to purchase the following property: [Description of the Property].
Clause 2: Purchase Price
The total purchase price to be paid by the Buyer to the Seller is [Amount], to be paid as follows: [Specify payment terms].
Clause 3: Closing Date
The closing of this transaction will occur on [Closing Date] at which time the Buyer will take possession of the property, subject to the terms outlined herein.
Clause 4: Conditions of Sale
This Agreement is contingent upon: [Specify any contingencies such as financing, inspections, etc.].
Clause 5: Title and Possession
The Seller shall convey good and marketable title to the property, and the Buyer will receive possession on the date of closing unless otherwise agreed.
Clause 6: Disclosure and Inspection
The Seller is required to provide the Buyer with a disclosure statement regarding the condition of the property, and the Buyer has the right to inspect the property prior to closing.
Clause 7: Default
In the event of default by either party, the non-defaulting party shall have the right to pursue all legal remedies available under Michigan law.
Signed in [City], [Date].
Sincerely,
[Signature of the Buyer]
[Name of the Buyer]
[Signature of the Seller]
[Name of the Seller]
Purchase Agreement Michigan Template (2)
Between:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
[Buyer’s Phone]
[Buyer’s Email]
And:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
Introduction:
This document represents a Purchase Agreement executed on [Date], detailing the transaction for the property located at [Property Address], Michigan.
Clause 1: Description of Property
The property which is subject to this Purchase Agreement is described as follows: [Detailed description of the property including boundaries and notable features].
Clause 2: Purchase Price and Payment Terms
The Buyer agrees to pay a total purchase price of [Amount], with the payment structured as follows: [Outline payment structure, including any deposits].
Clause 3: Escrow and Closing Procedures
The parties agree to appoint an escrow agent to handle the closing of the transaction, which will occur on or before [Closing Date].
Clause 4: Buyer’s Rights and Conditions
The Buyer has the right to conduct due diligence, including any inspections or environmental assessments prior to closing.
Clause 5: Representations and Warranties
The Seller makes certain representations regarding the property, including its title, which must be free of any liens or encumbrances.
Clause 6: Indemnification
Both parties agree to indemnify and hold each other harmless from any claims arising from the transaction, except as otherwise outlined herein.
Clause 7: Governing Law
This Agreement shall be governed by, and construed in accordance with, the laws of the State of Michigan.
Signed in [City], [Date].
Sincerely,
[Signature of the Buyer]
[Name of the Buyer]
[Signature of the Seller]
[Name of the Seller]

Form

Please complete the form below to create the Purchase Agreement Michigan Template. All fields must be filled out to ensure a clear and comprehensive agreement. We provide examples to guide you through each step.

Purchase Agreement Michigan Template

1. Buyer Information


2. Seller Information


3. Property Description


4. Purchase Price

5. Closing Date

6. Financing Contingency

7. Inspection Contingency

8. Title and Possession

9. Miscellaneous Terms

10. Signatures and Acceptance

11. Declaration and Signatures




PDF


WORD

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Purchase Agreement Michigan Template

Printable | Editable Form




Purchase Agreement Michigan Template