Subject to Seller`s agreement with his wife, Mrs. Veneranda Qulwi Akonaay, Seller and Buyer will sell such property free of charges, privileges or third party communications for consideration from Tanzania Schilling Eighty-Five Million (only Tsh 85,000,000.00), (hereinafter referred to as the Purchase Price), subject to the terms and payment agreement in accordance with the payments agreed under this Agreement. Any land buyer who signs this agreement to demonstrate their intention to comply with it must print their name in the “Print Name” line below the signature line. By signing this Agreement, Sellers represent and acknowledge that it has received in part a total of Tshs from the purchase price of Tshs. Only eighty-five million (Tshs 85,000,000.00). Fifty-seven million Three hundred thousand (Tshs. 57,300,000.00) and that the remaining amount is Tshs. Twenty-seven million Only seven hundred thousand (Tshs. 27.700.000.00) will be paid in accordance with paragraphs four (4) and five (5) above.

There is usually a property sales tax and is calculated on the basis of a “mill rate” for each jurisdiction. Unless otherwise agreed, this tax is generally divided between the buyer and the seller. That the seller surrenders all original documents relating to the property, including the certificate of ownership on the day of the last instalment, and that the parties must issue the relevant documents for the transfer of said ownership to the buyer on the day the last instalment is paid. A installment payment contract is when a buyer makes payments after closing to pay the sale price. Also known as “owner financing,” it allows a seller to act as a bank and collect principal and interest payments from the buyer. Although the buyer owns the property after completion, the seller is a privilege with the right to repossess the property if payment is not made. The calendar date, which defines when these documents come into force as a purchase contract, will be used to enter the information of this contract. Article I at the top of the first page contains a few empty lines for this purpose. Find the words “. Made On” then documents the calendar month and the day this agreement becomes active in the first line, as well as the corresponding year in the second line. That the Seller undertakes to make the Premises available free from any interference by any person after a period of forty-five (45) days from the date of performance of this Agreement (which is the 20 days of December 2021), and that the Buyer is entitled to enter and use said Premises on said date. Additional information may be required to fully identify the country being sold.

For example, important landmarks, irregular shape, and other facts such as county descriptions marked with the title or description of the deed submitted to the county registrar. All remaining descriptions for that country can be displayed in the blank line after “Other description”. AND CONSIDERING that the Seller has offered the Buyer to sell the Land as well as all exhausted and inexhaustible improvements made, carried out and made to the land on which said Land is located, subject to the conditions set out below, and that the Buyer has agreed to purchase said Land as further described in the above certificate of ownership; The contract for the purchase and sale of real estate is an agreement that applies to describe the terms of the residential real estate business between a seller and a buyer. It refers only to buildings that have been completed. That the sum of Tshs. Fifty Million (Tshs. 50,000,000.00) is paid by Buyer to Seller via bank check number 018110 [A copy of this Agreement is attached], which will be delivered to Seller at the time of performance of this Agreement. A land contract describes an agreement on the purchase of land between a buyer and a seller. Depending on the terms between the parties, a contract usually includes a purchase price and a closing date.

If the buyer does not purchase before the closing date, any deposit may be kept by the seller. In most cases, real estate purchases, such as the purchase of land, require one or more “disclosures” required. If any of the parties make disclosures and are to be attached to this Agreement, each party must be mentioned in the Content. The article “XXX. Disclosures” discusses the topic of attached additions and disclosures through a checkbox options overview. Therefore, if there are no additions, disclosures, or other such attachments in this document, select the first check box in this section. If there are additions or disclosures, check the second box in “XXX. Disclosures”. Note that additional descriptions are required to select this option. In the event that a “lead-based disclosure form” is attached, check the box that corresponds to the words “Lead-based paint.

Compliant. In addition to a corresponding blank row, three additional check boxes are available. Any addendum or disclosure required for this document and appended before the time of signature must be indicated in the blank line and then in the appropriate check box. Point C goes on to seek clarification on the nature of the letter required. That is, if the letter should state that “. Loan approval depends on renting, selling, or registering another property,” then check the “Actual” box. However, if it must be stated in the letter that this sale “does not depend” on the objectives of the buyer of the land with another property, check the box “Is not”. Section “D” of the “Bank Financing” choice deals with the scenario in which the buyer of the land does not have his credit institution verified in writing by the maturity date indicated in section “C”. If the seller of the land has decided that the purchase should not be continued because this document has not been registered, he may terminate the sale by means of a written notice to the buyer of the land. The number of days during which this notice must be sent after the missed due date of this document must be in the blank line between the sentence “.

Notice to the Buyer inside” and the word “days”. Buyer hereby agrees with Seller to pay the balance of the purchase price in accordance with the payments agreed above in accordance with the dates above, and in the event that Buyer fails to comply with such payments, Seller is entitled to refund the money already paid to it by Buyer and to claim its country. Continue reading this purchase agreement until the article “XI. Title”, in which a discussion is to take place on the buyer`s verification of ownership of the seller`s land. If the ownership of the land for sale has defects in that land, the buyer may determine that these defects in the land need to be repaired or corrected. This presupposes that the buyer of the land terminates within a certain period of time after receipt of the property. Define this period as a number of days by placing it in the blank line before the word “Business days to notify the seller in writing…” This sentence is in the second paragraph of “XI. Title”.

The third paragraph of Article “XI. Title” also requires a definition that is reported to complement its wording for the purposes of this document. Here, the number of days after the seller of the property has received notification that a significant defect in the property must be corrected before the proceeds of the purchase are on the according to “. The seller must have” and before the phrase “working days…” A land contract is a written agreement between a buyer and a seller on the acquisition of land. To make an offer to purchase, the buyer must conclude the land contract himself or with the help of a real estate agent or lawyer. The buyer must enter all available country information from the local appraiser`s office and list all conditions of sale. As a rule, there are costs associated with the sale of land, which must be paid for it to be carried out. For example, a title search may be required, admission fees in the local jurisdiction, etc. The decision as to whether the seller or buyer should bear these costs in a timely manner is set out in Article VI. Closing costs, with one of the three checkboxes checked. Therefore, select the Buyer check box if you want the buyer of the land to pay the closing costs, select the Seller check box if the seller of the property has to bear the closing costs, or select the “Both parties” check box if the buyer of the land and the seller agree to share the closing costs of this land sale.

The ninth article is entitled “IX[…].

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