The Purchase Agreement for Multiple Properties is essential when acquiring multiple properties simultaneously, whether for investment purposes, portfolio expansion, or business operations. This agreement is particularly relevant in the United States where different state laws may apply to different properties within the same transaction. The document includes detailed provisions for property descriptions, price allocations, due diligence requirements, and closing conditions specific to each property. It's designed to ensure compliance with various state and federal regulations while providing a streamlined approach to multi-property acquisitions.
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1. Parties: Identifies all parties involved in the purchase, including full legal names and addresses
2. Background/Recitals: Explains the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Property Description: Detailed description of each property being purchased, including legal descriptions
5. Purchase Price: Total purchase price and breakdown for each property, payment terms
6. Closing: Closing date, conditions, and procedures
7. Due Diligence: Inspection rights, timeline, and conditions
8. Representations and Warranties: Statements of fact by both parties about the properties and transaction
9. Default and Remedies: Consequences of breach and available remedies
1. Financing Contingency: Terms related to buyer's ability to obtain financing
2. Property Management: Interim management arrangements between signing and closing
3. Environmental Matters: Environmental investigations and remediation requirements
4. Tenant Rights: Existing tenant arrangements and obligations
1. Property Schedule: Detailed list of all properties with legal descriptions and addresses
2. Price Allocation Schedule: Breakdown of purchase price per property
3. Due Diligence Documents: List of required documentation for each property
4. Title Requirements: Specific title requirements for each property
5. Existing Leases: Schedule of current lease agreements affecting the properties
6. Property Condition Reports: Current condition assessments for each property
7. Environmental Reports: Environmental assessment results and requirements
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