Terms and Condition Page

🏡 1. Parties Involved

• Buyer and Seller (or Landlord and Tenant in rental agreements)
• Full legal name and contact information for all parties involved.

📜 2. Property Description

• Legal description of the property (lot number, address, dimensions, boundaries, etc.)
• Inclusions (e.g., fixtures, appliances, furniture)
• Exclusions (items the seller/landlord will remove)

💵 3. Purchase Price / Rental Rate

• For sales: total purchase price, down payment, financing terms.
• For rentals: monthly rent, due date, deposit amount (security deposit, advance rent, etc.)

📅 4. Key Dates

• Closing date (for sale)
• Move-in/transfer date
• Lease start and end dates
• Renewal option (for leases)

🧾 5. Payment Terms

• Payment methods and schedule
• Late payment penalties
• Tax obligations (e.g., property tax, VAT)

🛠️ 6. Property Conditions

• "As is" conditions or any warranties
• Inspection contingencies
• Repairs before closing or move-in

✅ 7. Unforeseen events

• Financing: The agreement is contingent on the buyer obtaining a mortgage.
• Inspection: The sale is subject to a property appraisal.
• Appraisal: Must meet or exceed a certain value
• Selling another property: Buyer must first sell their current home

📄 8. Title and Ownership

• Clear and marketable title
• Title insurance
• Ownership transfer procedure

📋 9. Liability

• Who pays closing costs, insurance, taxes, maintenance, utilities, etc.?
• In rentals: Tenant duties to the landlord

⚖️ 10. Legal clauses

• Dispute resolution (mediation/arbitration)
• Jurisdiction/Governing law
• Termination clause and penalties
• Force majeure (natural disasters, etc.)

🛑 11. Breach and violation

• What constitutes a breach of contract?
• Available remedies (damages, termination, etc.)

✍️ 12. Signatures

• Signatures of all parties
• Witnesses or notary, if necessary