PURCHASE BID CONDITION REZONED
Purchase bid condition rezoned
When the purchaser decides to purchase a property, an agreement to sale is drawn up between the buyer and the seller. However, there are certain conditions which the buyer may have. If those conditions are not fulfilled then there are chances that he or she will not want to purchase the property. The conditions are normally entered into the agreement to sale or if they have not been entered into the agreement, they can be entered as amendments to the agreement to sale.
Once such of these legal documents are the purchase bid condition rezoned documents. This is an amendment made to the agreement and these are signed by both the buyer and the seller. In which it is mentioned that the sale of the property whose details are mentioned, will only take place if the buyer is able to secure a rezoning of the property. Incase the property cannot be rezoned, the sale will be null and void.
Zoning of property is done so that the nature and the purpose of the property is retained. However, the purchaser may want to use the property for some other purpose than the current zone and therefore, rezoning of property is done. The different property zones are commercial, residential, recreational, agricultural and industrial and in order for rezoning of the property to be done, there is a lot of legal paperwork one needs to do and get done with the local authorities. Therefore, if this falls through the purchaser may not want to buy the property anymore.
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- Agreement for sale of interest of purchaser
- Cash payment plus assumption of existing mortgage
- Contract Giving Grantor in Deed to Avoid Foreclosure the right to repurchase
- Erection of Building-Sales and Exchanges
- Forfeiture of Improvements
- Insurable Title
- Nevada – Seller’s Real Property Disclosure Form
- Offer to Purchase Real Estate
- PURCHASE BID PERSONAL PROPERTY
- Transfer to Occur after Closing