Assignment 2.2

Instructions

Assignment 2.2- Click to submit assignment2.2 Written Assignment: Selling Property and Boiler Plate Contracts (50 points): Now that you have obtained the legal description for your property, please prepare a draft of a sales contract for that same property. You may, if you choose, attach a copy of a boiler plate contract for the sale of real property and modify it for your purposes or draft your own original document (you can obtain boiler plate contracts for the sale or exchange of real estate from most real estate agents or find them online). Whichever form you select, please identify the elements within the sales contract (offer, acceptance and consideration) and explain why this contract is in writing. This is to be a professional, legally supportable sales contract for the sale of property WITH ONE SMALL EXCEPTION. You are to retain an interest in the property for yourself. That interest may be either an easement for access to your buried treasure in the back yard or a life-interest in the income generated by the property or some other creation of your imagination.You will note that throughout this entire weeks exercises you are introduced to terms with which you might be unfamiliar. Boiler plate, deed of trust, metes and bounds, easement, life-interest are all terms which impact our level of ownership and control over real property. In addition to the above sales contract, please included an Appendix which includes definitions of each one of these term***Legal Description to use in Sales Contract***LOT 4, IN BLOCK 2, ANTIGUA AT THE OASIS, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 165 AT PAGE 5 OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA.FOLIO NO.: 10-7915-003-0620

Answer

Assignment 2.2This agreement is entered on this particular ----(day) of -----(month), ------(year) between xxxxx authorized under the existing contract and property laws in the US, having the full ownership of LOT 4, IN BLOCK 2, ANTIGUA AT THE OASIS. FOLIO NO.: 10-7915-003-0620 and buyer (organizations name, address) In the Witness that;The seller is the actual owner of the property mentioned aboveThe seller has the will to sell the property on an easement basis where he retains an interest in the property for self. The will is in the form of an easement to access to buried treasure in the back yard.The deed of trust for the property has been clearly established to showcase the boundaries of the property in the interest of the owner. The buyer is willing to buy the property It is, thereby,...
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