Docstoc Legal Agreements
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 Hawaii.
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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 Hawaii
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 Hawaii,
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:
__________________________________________________________________
___________________________________