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PURCHASE OFFER CONDITIONS ACCEPTED BY PURCHASER

Purchase offer conditions accepted by purchaser

As per the purchase offer conditions which are accepted by the purchaser, the agreement is drawn up between the purchaser and the seller when the property which is mentioned in the agreement is detailed.

The title which is given needs to be commercially acceptable and it should be sound. It should only be dependent on the conditions which are stated in the agreement and agreed upon. The exceptions to the conditions that are detailed in the agreement are the reservations from the US patents or from a specific state or it could even be with regards the building restrictions or reservations which are common to the tract where the property is located. The exceptions could also be with regards easement for driveways which are private or public streets or roads or even utility easements. These could be for the telephone, the gas, sewer, water or even electric service. As per this the exceptions could also be for assessments for public improvement bonds which are not delinquent or even for taxes which are the general ones which are not delinquent. The exception is when there are installment of taxes which are due when the closing is due. Such taxes are then to be shared by both the parties on a prorata basis. This agreement is then not only signed by all the parties in question but it is done so in the presence of witnesses who on the agreement ,sign and write their names and the date the agreement was signed and will be in effect from.

 

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