This Contract for Mobile Home Title sets forth the terms of a basic contract of sale for a mobile home. Pursuant to this document, the seller retains title to the mobile home until the purchaser has completed payment arrangements. This document in its draft form contains numerous of the standard clauses commonly used in these types of agreements, as well as optional language to allow for customization to ensure the specific terms of the parties’ agreement are addressed. This document could be used by mobile home dealers or private sellers.
This Contract for Mobile Home Title sets forth the terms of a basic contract of sale for a mobile home. Pursuant to this document, the seller retains title to the mobile home until the purchaser has completed payment arrangements. This document in its draft form contains numerous of the standard clauses commonly used in these types of agreements, as well as optional language to allow for customization to ensure the specific terms of the parties’ agreement are addressed. This document could be used by mobile home dealers or private sellers. Contract for Mobile Home Title For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, _____ [Instruction: Insert Seller name.] (hereinafter “Seller”) of _____ [Instruction: Insert Seller address.] on __ day of _____, 20__ [Instruction: Insert date, month and year contract entered into.], hereby agrees to sell to _______ [Instruction: Insert Purchaser name.] (hereinafter “Purchaser”) of _____ [Instruction: Insert Purchaser address.], the following mobile home: _____ [Instruction: Insert mobile home information, including Serial or VIN number or other specific identifying information.] (hereinafter “Home”). The Home is currently located at the following location: _____ [Instruction: Insert Home location.]. The terms of the agreement between the Seller and Purchaser are as follows: 1. The total sales price is $ _____ [Instruction: Insert total sales price.], which shall be due and payable as follows: a down payment in the amount of $ _____ [Instruction: Insert down payment amount.], on the signing of this contract, by Purchaser's good check payable to _____ [Instruction: Insert party to make down payment check payable to.], subject to collection, the receipt or which is hereby acknowledged; and the balance at closing of $ _____ [Instruction: Insert balance due.]. All dollar amounts are in United States Dollars. All money payable under this agreement, unless otherwise specified, shall be paid by: (a) Cash, but not over $ 1,000.00; (b) Good certified check of Purchaser or official check issued by any bank, savings bank, trust company or savings and loan association, unendorsed and payable to the order of Seller, or as Seller may otherwise direct upon reasonable prior notice (by telephone or otherwise) to Purchaser; (c) As to money other than the purchase price payable to Seller at Closing, uncertified check of Purchaser up to the amount of $ 500.00; (d) Wire transfer; (e) As otherwise agreed to in writing by Seller. 2. Seller and Purchaser agree the Home will not be moved from its current location. [Comment: If other agreement has been made, revise this accordingly, and also ensure conformity throughout the document as necessary where disclosure is made regarding the Home’s location.] 3. Home is to be financed by in accordance with terms and conditions of the promissory note dated _____ [Instruction: Insert date of promissory note.] between the Purchaser(s) and Seller(s). 4. Home is sold "as-is" conditions with no warranty expressed or implied. 5. Purchaser(s) agree to carry sufficient homeowner’s insurance to cover the amount owed by Seller and as otherwise required by Purchaser’s lien holder. Seller agrees to periodically notify Purchaser in writing as to the amount of homeowner’s insurance required, which notification shall not be less than at least once per year. Seller is to be named as the first lien position unless otherwise agreed by both parties, or unless otherwise required by Seller’s financing, if applicable. 6. The Purchaser(s) agree to pay lot rent as and when due and payable to _____ [Instruction: Insert where lot rent should be paid.] and abide by all park rules. Seller © Copyright 2012 Docstoc Inc. 2 shall pay any and all other park assessments or fees as and when due and payable, other than any incurred as a result of any action of Purchaser (which, for purposes of this paragraph, shall be deemed to include any member of Purchaser’s family, Purchaser’s guests and/or invitees). 7. The Purchaser(s) agree to pay all taxes on the Home and pay insurance bills when due. Seller agrees to provide current tax bills within a sufficient period of time prior to same becoming due and payable to permit Purchaser to pay same. 8. The Purchaser(s) agrees not to move the Home from the stated location above, without prior written consent from note holders and Seller. In the event Seller provides such written consent, Seller shall warrant such consent shall be provided only after such time as Seller shall obtain any necessary consent from Seller’s mortgagor, or other financing provider, if applicable. In the event the Home is moved, such move shall be made in accordance with all applicable park and governmental regulations. 9. The title to the Home is to remain in the possession of the note holders until final payment of this note is paid. Title will then be transferred to Purchaser(s) free of any liens, or as otherwise agreed between Purchaser and such note holder, and as set forth in such note. 10. Purchaser(s) is responsible for any cost of transferring title. 11. Other provisions and conditions: _____ [Instruction: Insert any additional provisions, such as any items being left with the home or those being taken by Seller.] The parties hereto acknowledge receiving a copy of this sales agreement. ____________________ Buyer ____________________ Seller © Copyright 2012 Docstoc Inc. 3
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