PURCHASE BID PROPERTY STATUS
Purchase bid property status
The purchase bid property status is a legal binding document and this is considered as an amendment which is binding and this is the amendment which is made to the agreement between the seller and the buyer on the date that the agreement was made. The document also states that this was made when the sale of the property was done.
Before starting on the document, it gives the details of the lot of land where the property is located. It also informs that it is a residential site which has a house as well as improvements made on it and that it comes equipped along with the accessories as well as the rights of the land. The document states that the property is appraised and in the name of the person specified and the legal description of the property is then added. The purpose of doing this and adding the legal description of the property after the name of the person it is appraised in is so that there will not be a case of foregoing of the general designation of the property conveyance. This is also so that all the articles which relate to the transaction are intact.
This document is then signed and dated by all the parties in question in the presence of witnesses who also need to add their details and their signature and date to the document in order for the document to become valid and legal as well as binding on all the parties concerned.
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