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Document Preview Agreement for the Sale of Commercial Real Estate |
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Title: |
Agreement for the Sale of Commercial Real Estate |
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Entities: |
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Date: |
2004 |
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Size: |
27KB total |
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Price: |
$43 |
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ID: |
#384077 |
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AGREEMENT FOR THE SALE OF COMMERCIAL REAL ESTATE
This form recommended and approved for, but not restricted to use by, the members of the Pennsylvania Association of REALTORS (PAR).
| PA LICENSED BROKER | PA LICENSED BROKER | |||
| LISTING BROKER (Company) | SELLING BROKER (Company) | |||
| JOHN HILL REAL ESTATE | ||||
| ADDRESS | ADDRESS 231, Market Street | |||
| Johnstown, Pennsylvania, 15901 | ||||
| PH FAX | PH (814) 536-8746 FAX (814) 535-2758 | |||
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DESIGNATED AGENT FOR SELLER (if applicable)
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DESIGNATED AGENT FOR BUYER (if applicable)
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This Agreement, dated April 7, 2004, is between
| 1. | PRINCIPALS: GENERAL KENETICS, INCORPORATED |
10688 D, Crestwood Drive, Manassas, Virginia, 20109, called Seller, and
PAUL J. PETROVICH TRUST, c/o John Hill Real Estate
231 Market Street, Johnstown, Pennsylvania, 15901, called Buyer.
| 2. | PROPERTY. Seller hereby agrees to sell and convey to Buyer, who hereby agrees to purchase: |
| ALL THAT CERTAIN lot or piece of ground with buildings and improvements thereon erected, if any, known as: |
| G.K.T. Building, 110 Sunray Drive, Johnstown, Pennsylvania, 15905 |
in the Township of Upper Yoder County of Cambria State of Pennsylvania Zip Code 15905
Zoning Classification: 03
| Failure of this agreement to contain the zoning classification (except in cases where the property {and each parcel thereof, if subdividable} is zoned solely or primarily to permit single-family dwellings) will render this agreement voidable at the option of the Buyer, and, if voided, any deposits tendered by the Buyer will be returned to the Buyer without any requirement for court action. |
Tax Parcel No. 62 6 106 Deed Book 1180 Page No. 157
| 3. | TERMS (1-00) |
| (A) | Purchase Price ONE MILLION ($1,000,000.00) U.S. Dollars to be paid to the Seller by the Buyer as follows: |
| 1. Cash or check at signing this agreement: | $ | |
| 2. Cash or check within days of the execution of this Agreement : | $ | |
| 3. | $ | |
| 4. | $ | |
| 5. Cash, cashiers or certified check at time of settlement: | $1,000,000.00 | |
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TOTAL PRICE |
$1,000,000.00 |
| (B) | Deposits paid on account of purchase price to be held by Listing Broker, unless otherwise stated here: |
| (C) | Sellers written approval to be on or before: April 14, 2004 |
| (D) | Settlement to be made on or before: May 15, 2004 |
| (E) | Conveyance from Seller will be by fee simple deed of special warranty unless otherwise stated here: General Warranty |
| (F) | Payment of transfer taxes will be divided equally between Buyer and Seller unless otherwise stated here: |
| (G) | At time of settlement, the following will be adjusted pro-rata on a daily basis between Buyer and Seller, reimbursing where applicable: taxes; rents; interest on mortgage assumptions; condominium fees, if any; water and/or sewer fees, if any, together with any other lienable municipal service. The charges are to be pro-rated for the period(s) covered: Seller will pay up to and including the date of settlement; Buyer will pay for all days following settlement, unless otherwise stated here: |
| 4. | POSSESSION (1-98) |
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