Real estate purchase agreement between: Seller custom ag services, inc. ferme thunderridge, inc. paterson onion, inc. po box 92 paterson, washington 99345 and: Buyer * * * recitals a. The seller owns real estate in Benton County, Washington. Addendum to the Condominium Corporation – If the property is a condominium corporation, the purchaser must receive a copy of the corporation`s by-laws, rules and other agreements for review. The new addendum for additional signatories (Form 22Z) is suitable for transactions where more than two sellers or two buyers must perform the purchase contract. A third or fourth buyer/seller can run the new form, which contains all the terms of the purchase agreement. The form should not be used if no more than two buyers or sellers need to sign. "Generator" has been added to the list of items included in the specific term 5. If there is a generator in the field, the parties negotiate whether the generator will be included in the sale. Several changes have been made to the first page of purchase and sale contracts. Additional fill-in fields have been added so that parties can, where appropriate, list multiple tax package numbers.
Please note that the purchase and sale contract must contain a legal description of the property to be enforceable by one of the parties in accordance with the Fraud Act. The back-up addition (Form 38A) has been updated to clarify that the closing date in the form replaces the closing date on the first page of the purchase and sale agreement. Form 22B requires the buyer to obtain the seller`s consent before the buyer accepts an offer to sell the buyer`s property that: (a) is contingent on the sale or completion of a second buyer`s property; or (b) has a deadline of less than 30 days or more than 45 days from mutual acceptance. In the revised form, the time limit is extended from 45 days to 60 days. This means that the buyer must obtain the seller`s consent before the buyer accepts an offer whose closing date is less than 30 or more than 60 days after mutual acceptance. Inspection Contingency Addendum – Allows the buyer to enter into a purchase agreement that depends on part or all of the property that passes a clean inspection by an authorized third party (3rd). The revised amendment to the Supplement to the Closing Date (Form 22Y) allows the parties to change the closing date of the Agreement to a different date. The previous form only allowed for an extension of the deadline for submissions. The form also allows the parties to modify other data in the agreement and include additional conditions.