Memorandum of Contract for Sale and Purchase of Property
This is a Memorandum of that unrecorded Contract for Sale and
Purchase of Property ("Contract"), dated ______(1)_______,
between ______________(2)____________________, (hereinafter
referred to as "Seller"), and
____________(3)__________________, (hereinafter referred to as
"Buyer") concerning the real property ("Property") described
in Exhibit "A" attached hereto and made a part hereof by
reference.
For good and valuable consideration, Seller has agreed to sell
and Buyer has agreed to buy, the Property upon the terms and
conditions set forth in the Contract, which terms and
conditions are incorporated in this Memorandum by this
reference. Except as provided in the Contract from the date
hereof, Seller shall not have the right, with respect to the
Property to enter into any new contracts, leases or
agreements, oral or written, without the prior written consent
of Buyer.
This Memorandum is not a complete summary of the Contract.
Provisions of this Memorandum shall not be used in
interpreting the Contract. In the event of conflict between
this Memorandum and the Contract, the Contract shall control.
IN WITNESS WHEREOF, the parties have executed this Memorandum
on _______(4)_______, 20_(5)_.
Witnesses: SELLER:
__________(6)______________ ___________(7)______________
__________(6)______________
__________(6)______________ ___________(8)______________
__________(6)______________
PURCHASER:
__________(6)______________ ___________(9)______________
__________(6)______________
__________(6)______________ ___________(10)_____________
__________(6)________________
STATE OF _______(11)_________)
)
COUNTY OF ______(12)_________)
The foregoing instrument was acknowledged before me this
_(13)_ day of ______(14)_______, 20_(15)_, by
_______(16)_________ as Seller.
____________(17)______________
Notary
Public
My Commission Expires: _________(18)___________
STATE OF _______(11)_________)
)
COUNTY OF ______(12)_________)
The foregoing instrument was acknowledged before me this
_(13)_ day of _____(14)_______, 20 _(15)_,
by ________(16)_________ as Purchaser.
____________(17)______________
Notary
Public
My Commission Expires: _________________
Notice
The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due to the variances by many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.
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