This form lists information required to complete the real estate sales contract, form 4-2 in this chapter.
Checklist
[For Use with Real Estate Sales Contract]
1.General description of property: [address or description, e.g., property known as [specify], consisting of [specify] acres]
2.Seller: [name of seller]
3.Buyer: [name of buyer]
4.Where property is located: [city, county]
5.Purchase Price: [amount] AND NO/100 DOLLARS ($[amount])
6.Amount of Earnest Money: [amount] AND NO/100 DOLLARS ($[amount])
7.Title Company: [name of title company]
8.Contact information for Title Company: [address and contact information for title company]
9.Number of days after the Effective Date for Seller to have Title Commitment and UCC search delivered to Buyer: [number]
10.Number of days after the Effective Date for Buyer or Seller (as applicable) to deliver updated Survey: [number]
11.Number of days for Buyer to deliver title objections, to run after Buyer has received all of the following: Title Commitment, UCC search, and Seller’s survey or current survey: [number]
12.Number of days after Buyer sends notice of title objections that Seller has to respond to Buyer’s title objections: [number]
13.Number of days after Seller’s deadline to respond to Buyer’s title objections for Buyer to waive its objections or terminate the Contract based on Seller’s failure to cure title objections to Buyer’s satisfaction: [number]
14.Number of days after the Effective Date for Buyer to inspect the Property: [number]
15.Number of days after the Effective Date for Seller to deliver Seller’s records to Buyer: [number]
16.Percentage of Purchase Price for casualty damage to be material: [percent]
17.Closing Date: [actual date, written in the format MM/DD/YYYY, or number of days after the end of the inspection period for the transaction to close]
18.Maximum amount of Buyer’s Liquidated Damages that Seller owes Buyer upon Seller’s Default and Buyer does not elect to enforce specific performance: [amount] AND NO/100 DOLLARS ($[amount])
19.Number of days after Seller’s breach of Contract that Buyer must initiate action for specific performance: [number]
20.Contact information for Buyer and any additional parties to notify in the following format:
[Name]
[Address]
[Telephone]
[E-mail address]
With copy to:
[Name]
[Address]
[Telephone]
[E-mail address]
21.Contact information for Seller and any additional parties to notify in the following format:
[Name]
[Address]
[Telephone]
[E-mail address]
With copy to:
[Name]
[Address]
[Telephone]
[E-mail address]