PROPERTY TRANSFER AGREEMENT

PROPERTY TRANSFER AGREEMENT

This Temporary Transfer of Property Agreement is made effective as of the following date: _________________________ (‘Effective Date”) by and between Danielle Maria Hurley (“Seller”) and Nicholas White (“Buyer”).

RECITALS

WHEREAS, the Seller is the owner of property at the following address: 2942 166th Ct rd Ocala Fl 34481;

WHEREAS, the Buyer wishes to purchase such property;

NOW, THEREFORE, in consideration of the obligations and covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties do contract and agree as follows:

  1. Property Description

Seller hereby agrees to sell to Buyer and Buyer hereby agrees to purchase from Seller (the “Transaction’) all the Seller’s right, title and interest in the real property located at the following address: 2942 166th Ct rd Ocala Fl 34481. The Transaction includes all of the Seller’s right, title, interest, if any, to all real estate, buildings, improvements, and fixtures. Upon transfer of title, Danielle will be absolved of any responsibility to the property and also terminate a previous agreement and the obligations thereof with Nicholas White.

  • Purchase Price

The Buyer shall pay the following purchase price to the Seller: $ 20,000. The Amount will be transferred within 15 days of closing. Danielle will be allowed 30 days from the effective date to remove her belongings from the property.

  • Disclosures

The Seller shall provide the Buyer will all disclosures, and signed disclosures forms, as required by law. The Seller shall disclose to the Buyer in writing any defects in the Property known to the Seller that materially affect the value or quiet enjoyment of the Property.

  • Seller’s Obligations

The Seller represents and warrants the following:

  • The Seller is the sole owner of record of the Property and has full right, power, and authority to sell, convey, and transfer the property.
    • The Seller will convey to the Buyer good and marketable title to the Property by providing to the buyer a valid general warranty deed.
    • The Property and the present use of the Property are not in violation of any governmental rules, codes, permits, regulations, or limitations, and represents that nothing will be done or allowed to be done or allowed to be done on or about the Property between signing of this Agreement and date of Closing which will result in any such violation.
  • Inspection

The Buyer’s obligations under this Agreement are contingent upon the Buyer’s inspection of the property. The Buyer may use any qualified and certified inspectors of their choice at Buyer’s expenses. The Seller shall cooperate in making the Property reasonably available to the Buyer’s inspection. If the Buyer is not, in good faith, satisfied with the condition of the Property after any inspection thereof, the Buyer shall deliver to the Seller a written request that the Seller fix or remedy any unsatisfactory conditions.

  • Closing

The Closing of the Transaction (the ‘Closing”) shall occur on ____________________ and shall take place at the following address, unless otherwise agreed upon by mutual consent of the Parties: ___________________________. The Buyer has the right to make a final inspection of the Property prior to the Closing.

At the Closing, the Seller shall deliver to the Buyer the following: A general warranty deed conveying to the Buyer title to the Property, duly executed and acknowledged by the Seller; a certificate from the Seller’s representations and warranties in this Agreement are true and correct as of true and correct as of the date of the Closing; such affidavits or other evidence as the title company shall reasonably require for its title insurance policy; all keys to doors and mailboxes, codes to any locks, and owner’s manuals for appliances and fixtures, and any other documents, certificates, notices, affidavits, or statements required by this Agreement.

  • Dispute Resolution

Any disputes arising between the Parties will be solved in good faith through mediation.

  • Assignment

No Party shall have the right to transfer or assign, in whole or in part, any or all of their obligations and rights hereunder without the prior written consent of the other party. Subject to the above, the rights and obligations of the Parties inure to the benefit of and binding upon their respective successors in interest, heirs, and assigns.

  • Entire Agreement

This Agreement contains the entire agreement of the Parties, and there are no other promises or condition in any other agreement, whether oral or written, concerning the subject matter of this Agreement. This Agreement supersedes any prior written or oral agreements between the Parties.

  1. Severability

If any provision of this Agreement will be held to be invalid or unenforceable for any reason, the remaining provisions will continue to be valid and enforceable.

  1. Amendment

This Agreement may be modified or amended in writing, if the writing is signed by the Party obligated under the amendment.

  1. Governing Law

This Agreement shall be construed in accordance with the laws of Florida.

IN WITNESS WHEREOF, the Parties hereto, individually, or by their duly authorized representatives, have executed this Agreement as of the first date written above.

EXECUTION:

Name: _____________________________

Signature: __________________________

Date: ______________________________

Name: _____________________________

Signature: __________________________

Date: ______________________________

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