Agreement Personal Property PDF Details

When navigating the complexities of a residential real estate transaction, a critically important but often overlooked document is the Agreement to Sell Personal Property. This legal form allows sellers and buyers to itemize and agree upon the sale of personal property not included in the main real estate purchase agreement. Striking at the heart of private transactions, this agreement specifies the precise items being sold, from furniture to fixtures, ensuring both parties are clear about what is changing hands and at what price. It also cleverly ties itself to the broader real estate transaction by referencing the Real Estate Purchase Agreement, ensuring synchronicity between the sale of the home and the personal property within. A crucial feature of this agreement is its emphasis on the "as is" condition of the items sold, absolving the seller from responsibility for any defects once the deal is closed. This document not only mitigates potential misunderstandings by requiring detailed listings and conditions of the sale but also establishes the payment method and the timing of the transaction, aligning it with the closing of the real estate sale. Furthermore, it underlines the non-merchant status of the parties, steering the agreement clear of the Michigan Uniform Commercial Code’s provisions for commercial transactions. The condition, ownership, and the clear transfer of titles for the personal property are underscored, providing assurances to the buyer while protecting the seller from future disputes. All agreed conditions are consolidated in this comprehensive document, which disclaims any verbal agreements outside its scope, thereby encapsulating the entirety of the parties’ understanding regarding the personal property in question. With legalities firm and intentions clearly stated, this agreement forms an indispensable element of a smoothly conducted residential property transaction.

QuestionAnswer
Form NameAgreement Personal Property
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namespersonal property sales contract, agreement to sell personal property form, property residential transaction, mi agreement personal property

Form Preview Example

AGREEMENT TO SELL PERSONAL PROPERTY IN A RESIDENTIAL TRANSACTION

(for personal property not included in the real estate purchase agreement)

1.This Purchase Agreement for Personal Property (“Agreement”) is made by

 

(the “Buyer”), whose address is

to

(the “Seller”), whose address is

2.For good and valuable consideration, the receipt and sufficiency of which being hereby acknowledged, it is agreed between the Seller to sell and the Buyer to buy the following described personal property for a purchase price of

$

 

U.S. Dollars (“Personal Property Purchase Price”):

(“Personal Property”). If the space provided above is not sufficient, please see attached a list.

3. Real Property Purchase Agreement Identified. This Agreement is made concurrently with the Purchase and Sale Agreement for the sale of residential real property commonly known as

(the “Real Estate Purchase Agreement”).

4.Closing: At the closing (as that term is defined in the Real Estate Purchase Agreement), the Buyer shall pay the Seller the Personal Property Purchase Price in the form of cash or certified funds. At closing, the Seller shall deliver to the Buyer a fully executed Bill of Sale in the form attached hereto as Exhibit A. This Agreement is contingent upon the closing of the Real Estate Purchase Agreement.

5.Non-Merchant Transaction: It is understood that the parties hereto are not considered “merchants” under the provisions of the Michigan Uniform Commercial Code.

6.Condition of Personal Property: By closing this transaction, the Buyer agrees that the Seller has made no representations or warranties as to the condition of the Personal Property. The Buyer is purchasing the Personal Property in “AS IS” condition with all latent and patent defects. The Buyer has examined the Personal Property to Buyer’s satisfaction. Regardless of any terms in this Agreement or the Real Estate Purchase Agreement to the contrary, once the closing occurs, the Buyer is fully responsible for all defects and conditions of the Personal Property. The Seller hereby disclaims any and all warranties (express or implied) including any warranty of fitness for a particular purpose or warranty of merchantability related to the Personal Property. To the extent necessary, Seller shall deliver the original title for any Personal Property to the closing. Further, Seller represents that he/she owns the Personal Property free and clear of any and all liens, including any installment or secured loans, lay-away or lease-to- own plans, etc.

7.Merger: This writing is intended to be the complete expression of the agreement between the parties with respect to the Personal Property, and confirmation that there are no oral agreements existing between the parties relating to this transaction. This Agreement may be amended only in writing, signed by the parties and attached to this Agreement. The Personal Property purchased pursuant to this Agreement is in addition to and not in lieu of any personal property purchased pursuant to the Real Estate Purchase Agreement.

Sellers:

Date:

Date:

Buyers:

Date:

Date:

How to Edit Agreement Personal Property Online for Free

Our PDF editor was created to be as easy as possible. While you comply with the following steps, the procedure for filling in the personal property sales contract document is going to be effortless.

Step 1: Choose the button "Get Form Here" on this site and press it.

Step 2: Now, you are on the document editing page. You can add content, edit existing data, highlight certain words or phrases, insert crosses or checks, add images, sign the file, erase unwanted fields, etc.

The PDF document you decide to fill out will cover the next parts:

agreement to sell personal property pdf form blanks to complete

Write the necessary information in the Sellers, Buyers, Date, Date, Date, and Date area.

agreement to sell personal property pdf form Sellers, Buyers, Date, Date, Date, and Date fields to fill out

Step 3: Press the Done button to confirm that your completed file is available to be exported to any gadget you pick out or mailed to an email you indicate.

Step 4: Create duplicates of the file - it can help you avoid forthcoming problems. And don't get worried - we are not meant to publish or check your data.

Watch Agreement Personal Property Video Instruction

Please rate Agreement Personal Property

1 Votes
If you believe this page is infringing on your copyright, please familiarize yourself with and follow our DMCA notice and takedown process - click here to proceed .