PA12129 All Cash Purchase Agreement For Large Apartment Complex
This form is a real estate purchase contract for a large apartment complex with the buyer paying all cash at closing. All property constituting the apartment complex is included in the sale, including the land, the buildings, and the personal property and intangibles related to the apartments.
Such personal property expressly includes the marketing materials for the apartment property, the construction drawings, all warranties relating to the apartment complex, governmental approvals and permits, and trade names used and belonging to the property. All leases for the complex and the security deposits made pursuant to such leases are assigned to the buyer at the closing.
The buyer has forty five days to conduct its due diligence evaluation of the apartment complex, and has access to the property during that period to perform inspections and tests. The agreement also constitutes joint escrow instructions to the title company and the escrow agent handling the closing.
Number of Single Spaced Pages: 59
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