Bifalgorithm post · Property · The Contract

Property Agreement

Property Agreement (Property · The Contract) — "This agreement is made at , on , by , of [address], City of , County of , State of Georgia, in this agreement c…

Ideas in this flowchart

  • Agreement for the sale and purchase of Georgia real property and related personal property
  • Parties to the agreement
  • Seller: the owner identified by address in the State of Georgia
  • Purchaser: the buyer identified by address in the State of Georgia
  • Real property being transferred
  • Residential site located at the stated address, with its legal description
  • Improvements on the site, such as a brick house, attached garage, and detached workshop
  • Equipment and personal property owned by the seller and used with the real property
  • Examples include a furnace, air conditioning system, cooking range, dishwasher, drapes, curtains, and carpeting
  • The real and personal property together are referred to as the property
  • Seller intends to sell and purchaser intends to buy the property
  • The transaction is subject to the stated purchase price and terms and conditions
  • The parties agree in consideration of their mutual and reciprocal promises
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Property Agreement

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Property

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"This agreement is made at , on , by , of [address], City of , County of , State of Georgia, in this agreement called seller, and , of [address], City of , County of , State of Georgia, in this agreement called purchaser. Seller is the owner of the lot or parcel of real property situated at [address] in the City of , County of , State of Georgia, and more fully described as follows: [give legal description]. The real property consists of a residential site at [address], with improvements on it as follows: [describe briefly, such as: A seven-room brick house with attached two-car garage and detached frame workshop]. Located on the real property are the following items of equipment and other articles of personal property, owned by seller and used on and in connection with the real property: [describe generally, such as: gas-fire furnace, air conditioning system, gas cooking range, electric dishwasher, and drapes, curtains and carpeting in living room, dining room, hallways, and bedrooms of the dwelling]. The real and personal property described and referred to in this agreement is subsequently referred to as property. Seller desires to sell and purchaser desires to buy property, for the purchase price and on the terms and conditions set forth in this agreement. In consideration of the mutual and reciprocal promises set forth in this agreement, the parties agree."

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