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1. Parties: Identification of the Seller/Financier and the Buyer/Borrower with full legal names and addresses
2. Background: Context of the transaction, including property details and parties' intention to enter into a seller financing arrangement
3. Definitions: Key terms used throughout the agreement including Property, Settlement Date, Security Interest, etc.
4. Purchase Price and Financing Terms: Total purchase price, down payment, financed amount, interest rate, and term of financing
5. Payment Terms: Payment schedule, method of payment, and payment calculations
6. Security Interest: Details of the security interest in the property, including mortgage terms
7. Property Transfer: Conditions and process for transferring property title
8. Buyer's Covenants: Buyer's obligations including property maintenance, insurance, rates payment, etc.
9. Seller's Representations: Seller's warranties regarding property title, condition, and authority to sell
10. Default and Remedies: Events of default and consequent remedies available to parties
11. General Provisions: Standard contract clauses including notices, amendments, governing law, etc.
1. Early Repayment Provisions: Terms for early repayment including any penalties or benefits - include when early repayment is specifically negotiated
2. Property Management: Specific requirements for property maintenance and improvements - include for commercial properties or when significant maintenance is required
3. Insurance Requirements: Detailed insurance obligations beyond standard requirements - include for high-value or unique properties
4. Third Party Rights: Rights of other parties such as existing tenants - include when property has current occupants
5. Tax Provisions: Specific tax arrangements and obligations - include when complex tax implications exist
6. Dispute Resolution: Detailed dispute resolution procedures - include when parties want specific resolution mechanisms
1. Schedule 1: Property Details: Detailed description of the property including title details, boundaries, and improvements
2. Schedule 2: Payment Schedule: Detailed amortization schedule showing payment dates, amounts, and interest calculations
3. Schedule 3: Insurance Requirements: Specific insurance requirements including types, coverage amounts, and named insureds
4. Schedule 4: Property Condition Report: Detailed report on property condition at time of agreement
5. Appendix A: Property Title Documents: Copies of relevant title documents and encumbrances
6. Appendix B: Property Plans: Property plans, surveys, and relevant drawings
Real Estate
Financial Services
Property Development
Construction
Legal Services
Property Management
Insurance
Residential Property
Commercial Property
Agricultural Property
Legal
Real Estate
Finance
Risk Management
Compliance
Property Management
Commercial Operations
Business Development
Contract Administration
Property Lawyer
Real Estate Agent
Property Manager
Financial Advisor
Mortgage Broker
Property Developer
Legal Counsel
Conveyancing Lawyer
Contract Manager
Risk Manager
Commercial Director
Finance Manager
Property Investment Manager
Compliance Officer
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