ULTIMATE DISCLOSURE – LAND CONTRACTS
The document that is to protect the seller and the buyer
When you are selling your property you need to make it clear that whatever you are selling belongs to you and you are selling the property at your will. This is an important document that prevents any kind of forceful buying and selling of land or any property for that matter by ultimate disclosure.
In the document the name of the seller, the location of the property as well as the name of the buyer must be mentioned appropriately. Thereafter the declarations are made regarding the property, its ownership and your acceptance of all the factors that were in front of you during signing the deal close.
You must state that the deal was in the best interest of you and that you are under no pressure to sign the deal. Also, there s to be mentioned that you are signing the deal in all your mindfulness and you were not under the influence of any drug or were not emotionally or mentally disturbed while making the decision of sale of your property.
There is also a requirement of stating that you have negotiated on the sale price of the property and the price you are receiving is what you had asked for and are satisfied with money that has been paid to you.
The document is signed in order to protect the seller against forceful transfer of the property to someone else and it also protect the buyer from any legal charges that can be made by the seller in the future.
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