This Agreement (“Agreement”) is made and entered into on this [insert date] by and between [insert seller name] (“Seller”), and [insert buyer name] (“Buyer”).
RECITALS:
WHEREAS, Seller is the owner of a mobile home located at _________________________________________________________, described as follows: _____________________________________________________________________________.
WHEREAS, Buyer desires to purchase the mobile home from the Seller on the terms and conditions set forth in this Agreement.
WHEREAS, The mobile home is being sold “as-is,” and the Buyer acknowledges that they have inspected the mobile home and accepts it in its current condition.
WHEREAS, Seller is willing to sell the mobile home to Buyer on the terms and conditions set forth in this Agreement.
WHEREAS, Buyer agrees to purchase the mobile home from the Seller on the terms and conditions set forth in this Agreement.
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
- Description of Mobile Home:
- The Seller hereby agrees to sell to the Buyer, and the Buyer hereby agrees to purchase from the Seller, the mobile home located at ______________________________________;
- described as follows: _____________________________________________.
- The mobile home is being sold “as-is,” and the Buyer acknowledges that they have inspected the mobile home and accepts it in its current condition.
- Purchase Price:
- The purchase price for the mobile home is ___________________________________________
- The purchase price is payable in ____________________ equal monthly installments of _______________________ per month, starting on date ________________________________. The first installment shall be due on date _____________________________ and subsequent installments shall be due on the same day of each month thereafter.
- The purchase price includes the mobile home only and does not include the land on which it is located.
- Ownership:
- Ownership of the mobile home shall remain with the Seller until the purchase price has been paid in full.
- The Buyer shall not be allowed to move the mobile home from its current location until the purchase price has been paid in full.
- Default:
- In the event that the Buyer fails to make any payment on the due date or breaches any other term of this Agreement, the Seller may declare the entire balance of the purchase price immediately due and payable, and may take possession of the mobile home.
- The Buyer shall forfeit all payments made to the Seller, and the Seller shall have the right to sell the mobile home to another party.
- Termination:
- This Agreement may be terminated by the Seller in the event that the Buyer fails to pay the lot rent or violates any park rules or regulations.
- In the event of such termination, the Buyer shall forfeit all payments made to the Seller, and the Seller shall have the right to take possession of the mobile home.
- Maintenance:
- The Buyer shall be responsible for the maintenance of the mobile home and shall keep it in good condition.
- The Seller shall not be responsible for any maintenance or repairs to the mobile home. The Buyer shall also be responsible for paying any and all taxes associated with the mobile home.
- Insurance:
- The Buyer shall be required to maintain insurance coverage on the mobile home, naming the Seller as a loss payee, in an amount equal to the purchase price of the mobile home, for the duration of this Agreement.
- Modifications:
- The Buyer shall not make any modifications to the mobile home without the prior written consent of the Seller. Any modifications made to the mobile home shall comply with all applicable laws, regulations, and zoning ordinances.
- The Buyer shall be responsible for obtaining any necessary permits or approvals required for any modifications made to the mobile home.
- Subleasing:
- The Buyer shall not sublease the mobile home or allow any third party to occupy the mobile home without the prior written consent of the Seller.
- Governing Law:
- This Agreement shall be governed by and construed in accordance with the laws of the State of Florida.
- Entire Agreement:
- This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between the parties.
- This Agreement may not be amended or modified except in writing signed by both parties.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.
SELLER:
________________________________
Date: ___________________________
BUYER:
________________________________
Date: ___________________________
At Legal writing experts, we would be happy to assist in preparing any legal document you need. We are international lawyers and attorneys with significant experience in legal drafting, Commercial-Corporate practice and consulting. In the last few years, we have successfully undertaken similar assignments for clients from different jurisdictions. If given this opportunity, The LegalPen will be able to prepare the legal document within the shortest time possible. You can send us your quick enquiry ( here )