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Mobile Home Purchase And Sale Agreement
"I need a Mobile Home Purchase and Sale Agreement for a 2020 model double-wide mobile home located in a retirement community in Cape Town, with the sale scheduled to close by March 2025, including specific provisions for park rules compliance and transfer of existing insurance."
1. Parties: Identification and details of the Seller and Purchaser
2. Background: Context of the transaction and brief description of the mobile home being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale: Core agreement of sale and purchase, including the specific mobile home details
5. Purchase Price: Details of the purchase price and payment terms
6. Payment Terms: Structure and timing of payments, including deposits and balance payment
7. Condition of Mobile Home: Current condition, included fixtures, and any known defects
8. Delivery and Installation: Terms regarding delivery, installation, and site preparation
9. Transfer of Ownership: Process and conditions for transferring ownership
10. Risk and Insurance: Transfer of risk and insurance requirements
11. Warranties and Representations: Warranties provided by both parties regarding the sale
12. Compliance: Compliance with relevant laws and regulations
13. Default and Remedies: Consequences of default and available remedies
14. Notices: How formal notices between parties should be given
15. General Provisions: Standard legal provisions including governing law, jurisdiction, and entire agreement
1. Financing Contingency: Terms related to purchaser obtaining financing, used when purchase is subject to loan approval
2. Mobile Home Park: Terms relating to mobile home park residency and regulations, used when the home will remain in a park
3. Site Preparation: Requirements for preparing the installation site, used when new site preparation is needed
4. Trade-in Terms: Terms relating to trade-in of existing mobile home, used when applicable
5. Rental Agreement: Terms for temporary rental of the mobile home before final purchase, used in rent-to-own scenarios
6. Agent Commission: Details of estate agent commission if applicable
7. Occupancy Date: Specific terms regarding when the purchaser can take occupancy, used when different from transfer date
1. Schedule A - Mobile Home Specifications: Detailed description of the mobile home including make, model, year, serial numbers, and dimensions
2. Schedule B - Inventory List: List of included fixtures, fittings, and appliances
3. Schedule C - Condition Report: Detailed report on the current condition including photographs and noted defects
4. Schedule D - Site Details: Specifications of the installation site and required preparations
5. Schedule E - Certificates: Copies of relevant certificates including electrical compliance and gas installation
6. Appendix 1 - Mobile Home Park Rules: If applicable, rules and regulations of the mobile home park
7. Appendix 2 - Warranty Documents: Manufacturer's warranties and other applicable warranty documents
8. Appendix 3 - Payment Schedule: Detailed breakdown of payment terms and installments if applicable
Authors
Real Estate
Manufactured Housing
Property Development
Financial Services
Insurance
Construction
Residential Property
Property Management
Legal Services
Legal
Real Estate
Sales
Compliance
Risk Management
Property Management
Contract Administration
Finance
Customer Service
Operations
Real Estate Agent
Property Lawyer
Conveyancer
Property Manager
Mobile Home Park Manager
Sales Manager
Compliance Officer
Legal Counsel
Property Developer
Housing Development Manager
Contract Administrator
Risk Manager
Insurance Underwriter
Financial Advisor
Property Investment Consultant
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