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SALE PURCHASE AGREEMENT

SALE PURCHASE AGREEMENT 2025

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The document is a Tax Certificate Sale/Purchase Agreement between Cuyahoga County, Ohio (Seller), Woods Cove II, LLC (Purchaser), and Axis Capital Management, Inc. (Servicer). Dated April 20, 2012, it outlines the terms for the sale of tax liens on delinquent properties, including definitions of key terms, purchase price details, servicing obligations, and conditions for foreclosure. The agreement establishes the rights and responsibilities of each party regarding the transfer and management of sold tax liens in compliance with Ohio law.

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Click ‘Get Form’ to open the SALE PURCHASE AGREEMENT in the editor.
Begin by entering the date of the agreement at the top of the document. Ensure that you accurately reflect the effective date and closing date as specified.
Fill in the names of all parties involved: Seller (Cuyahoga County, Ohio), Purchaser (Woods Cove II, LLC), and Servicer (Axis Capital Management, Inc.). Make sure to include any necessary titles or designations.
In Article I, define key terms such as 'Aggregate Tax' and 'Certificate Purchase Price'. This section is crucial for clarity in understanding obligations.
Proceed to Article II where you will outline the purchase and sale terms. Specify payment methods and ensure compliance with Ohio Revised Code sections mentioned.
Review all definitions and terms carefully to ensure accuracy before finalizing your entries. Utilize our platform's features to highlight or comment on any areas needing clarification.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a purchase and sale agreement?

A purchase and sale agreement (PSA) is a binding contract that outlines how property will change hands between buyer and seller. It covers the crucial details both parties must follow to complete the sale properly and legally.

What is in a purchase and sale agreement?

A PSA sets out the various rights and obligations of both the buyer and seller, and might also require other documents be executed and recorded in the public records, such as an assignment, deed of trust, or farmout agreement.

Can I write my own purchase and sale agreement?

Some states, like California, have created real estate purchase agreements you can download and change. You can also get a template from docHub, as well as benefiting from real estate contract management software functionality.

What is the purchase and sale agreement?

A contract of purchase and sale is a legally applicable real estate contract that specifies the terms and conditions under which a property will be transferred from the seller to the buyer. These contracts, often known as sale and purchase agreements, govern the conditions of both parties sales transactions.

What is the difference between a sales contract and a purchase agreement?

A Purchase Agreement is a legally binding document outlining the terms and conditions related to the sale of goods, while a Contract of Sale is a legal contract that details the transfer of ownership of an asset from a seller to a buyer.

What are the typical contingencies on a purchase and sales agreement may include?

Once the PSA is signed: The buyer deposits the earnest money. Inspections, title searches, and financing steps begin. Any contingencies must be met before closing.

What happens after PS is signed?

Legally, a sellers best bet for successfully backing out of a sale is if a contingency written into the contract has not been met. Home sellers can give themselves an out by adding contingencies to the contract that make the sale contingent upon certain conditions.

SALE PURCHASE AGREEMENT 2025

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