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Mississippi Real Estate Purchase Contract - Condominium

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Mississippi Real Estate Purchase Contract - Condominium Powered By Docstoc
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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 Mississippi.
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                 RESIDENTIAL LEASE AGREEMENT – FIXED PERIOD

THIS RESIDENTIAL LEASE AGREEMENT (hereinafter referred to as the “Agreement”)
made and entered into this _____ [Month] _____ [Date], 20_____, by and between
____________________________ [Instruction: Insert the name of Landlord] (hereinafter
referred to as “Landlord”) and ____________________________ [Instruction: Insert the name
of Tenant] (hereinafter referred to as “Tenant”). For the purpose of this Agreement, Landlord
and Tenant are sometimes individually referred to as the “Party” and collectively referred to as
the “Parties”.

WHEREAS, Landlord is the sole owner of certain real property together with all appurtenances
thereto, lying and situated in County ____________________ [Instruction: Insert the County],
State of Mississippi, described in Exhibit A (hereinafter referred to as the “Premises”);

WHEREAS, Landlord desires to lease the Premises to Tenant upon the terms and conditions as
contained herein; and

WHEREAS, Tenant desires to lease the Premises from Landlord on the terms and conditions as
contained herein;

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

1. TERM OF THE TENANCY.

   The term of this Agreement shall commence on _____ [Month] _____ [Date], 20_____, and
   shall continue from that date for a period of ___________ (___) [Instruction: Insert the
   number of months, e.g., eleven (◊ 11)] months expiring on _____ [Month] _____ [Date],
   20_____. Either Landlord or Tenant may terminate the tenancy by giving the other
   ___________ (___) [Instruction: Insert the number of days, e.g., thirty (◊ 30)] days
   written notice of an intention to terminate the Premises. In the event such notice is given,
   Tenant agrees to pay all rent up to and including the notice period. Should Tenant vacate
   before the expiration of the term without serving a written notice, Tenant shall be liable for
   the balance of the rent for the remainder of the term, less any rent Landlord collects or could
   have collected from a replacement tenant by reasonably attempting to re-rent. Tenant who
   vacates before expiration of the term is also responsible for Landlord’s costs of advertising
   for a replacement tenant. In the event Tenant fails to give written notice of an intention to
   vacate the Premises at the end of the term, the tenancy shall become on a month to month
   basis for successive terms of one month each, on an increased rent as per the reasonable
   discretion of Landlord, until either Landlord or Tenant terminate the tenancy by
				
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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 Mississippi.
This document is also part of a package Essential Mississippi Legal Documents 142 Documents Included