When it comes to purchasing a mobile home, having a well-drafted purchase agreement is crucial. This document outlines the terms and conditions of the sale and protects both the buyer and the seller. To help get you started, here is a sample purchase agreement for a mobile home.
PARTIES: This agreement is made between [seller’s name], hereinafter referred to as the “Seller” and [buyer’s name], hereinafter referred to as the “Buyer.”
PROPERTY: The property being sold is a mobile home located at [address], hereinafter referred to as the “Property.”
PURCHASE PRICE: The purchase price for the Property is $[amount], payable as follows: [insert payment terms, such as down payment and scheduled installments].
TITLE: The Seller warrants that he/she is the legal owner of the mobile home and has the right to sell it. The Buyer will receive a clear and marketable title to the mobile home upon payment of the purchase price.
CONDITIONS OF SALE: The mobile home is being sold “as is” and with all faults. The Buyer acknowledges that he/she has inspected the Property and accepted it in its present condition. The Seller is not responsible for any future repairs or maintenance.
CLOSING: The closing of the sale will take place on [date] at [location]. All necessary documents will be signed by both parties, and the Buyer will receive the keys to the mobile home upon payment of the purchase price.
DEFAULT: In the event that the Buyer defaults on any of the terms of this agreement, the Seller shall have the right to cancel this agreement and retain all payments made by the Buyer as liquidated damages.
GOVERNING LAW: This agreement shall be governed by and construed in accordance with the laws of the state where the Property is located.
ENTIRE AGREEMENT: This agreement constitutes the entire agreement between the parties and supersedes all other agreements, written or oral.
IN WITNESS WHEREOF, the parties have executed this agreement as of the date first above written.
Seller: _________________________ Date: ___________
Buyer: __________________________ Date: ___________
As a professional, it`s important to note that when using sample purchase agreements such as this, it`s important to consult with a lawyer to ensure that it aligns with state laws and regulations. Additionally, including relevant keywords and optimizing the article for search engines can increase its visibility and reach for those searching for purchase agreements for mobile homes.