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Louisiana Real Estate Purchase Contract - Condominium

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                             This Real Estate Purchase Contract is a written contract between the purchaser and seller
                             stating the terms and conditions under which a condominium unit is sold. It contains the
                             material terms of the agreement including a description of the property, the purchase price
                             and financing details. Contracts for the sale of real property must be in writing to be
                             enforceable, and this satisfies that requirement. This document contains many of the
                             standard clauses commonly included in real estate contracts as well as opportunities for
                             customization to ensure that the understandings of the parties are properly set forth. This
                             should be utilized by sellers and buyers of a condominium unit located in Louisiana.
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     NOTICE: Not For Use Where Seller Owns Fee Simple Title to Land Beneath Unit

               REAL ESTATE PURCHASE CONTRACT (CONDOMINIUM)

State of Louisiana

County of __________________ [Instruction: Insert the County]

1. PARTIES

   ________________________ [Instruction: Insert the name of seller] (hereinafter “Seller”)
   agrees to sell and convey to ________________________ [Instruction: Insert the name of
   purchaser] (hereinafter “Purchaser”) and Purchaser agrees to buy from Seller the property
   described herein under Section 2 titled Property and Condominium Documents. For the
   purpose of this contract, Seller and Purchaser may individually be referred to as “Party” or
   collectively as the “Parties”.

2. PROPERTY AND CONDOMINIUM DOCUMENTS

   a. The condominium unit, improvements, fittings, fixtures, and accessories described below
      are collectively referred to as the “Property”.

       i.      CONDOMINIUM UNIT

               Unit ____________________ [Instruction: Insert the name of the unit], in
               building ________________________ [Instruction: Insert the name of the
               building], of ________________________ [Instruction: Insert the name of the
               condominium         project],      a    condominium       project,    located     at
               ______________________________ [Instruction: Insert the address of the
               unit], City of ______________ [Instruction: Insert the city], County of
               ___________________ [Instruction: Insert the county], State of Louisiana,
               described in the official records in said county; together with such unit's
               undivided interest in the common elements designated by the declaration,
               including those areas reserved as limited common elements appurtenant to the
               unit and such other rights to use the common elements which have been
               specifically assigned to the unit in any other manner. Parking areas assigned to the
               unit are:

               __________________________________________________________________
               _____________________________
				
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Description: This Real Estate Purchase Contract is a written contract between the purchaser and seller stating the terms and conditions under which a condominium unit is sold. It contains the material terms of the agreement including a description of the property, the purchase price and financing details. Contracts for the sale of real property must be in writing to be enforceable, and this satisfies that requirement. This document contains many of the standard clauses commonly included in real estate contracts as well as opportunities for customization to ensure that the understandings of the parties are properly set forth. This should be utilized by sellers and buyers of a condominium unit located in Louisiana.
This document is also part of a package Essential Louisiana Legal Documents 146 Documents Included