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New Hampshire Purchase and Sale Agreement Form

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PURCHASE AND SALES AGREEMENT AND DEPOSIT RECEIPT (RETA)	
New Hampshire Association of REALTORS	®
Standard Form	
1.	THIS AGREEMENT	
made this 	
day of 	, 20 	
between	
(“SELLER	”)	
of 	, City 	
County of 	,	
State 	
Zip 	
and 	
(“BUYER	”)	
of 	, City 	
County of 	,	
State 	
Zip 	.	
2.	WITNESSETH:	

That SELLER agrees to sell and convey,  and BUYER agrees to buy certain real estate located in City/Town	
of 	
known as or described as 	
County 	
Book 	
Page 	
Date 	

(“PROPERTY”	).	
3.	The 	SELLING PRICE	
is 	
Dollars 	$	.	
DEPOSIT, receipt of which is hereby acknowledged in the form of 	, is to	
be held in an escrow account by 	
(“ESCROW AGENT”	), in the sum of 	$	.	
Said monies to be held in an interest bearing account with all interest accruing to the REALTORS	®
Escrow Trust Account	
(RETA)/New Hampshire Community Loan Fund Program for affordable housing.
ADDITIONAL DEPOSIT will be paid on or before 	, in the sum of 	$	.	
CASH, CERTIFIED CHECK OR BANK DRAFT will be paid on the date of transfer of title in the sum of   	$	.	
4.	DEED:	
Marketable title shall be conveyed by a 	
deed, and shall be free and	
clear of all encumbrances except usual public utilities serving the PROPERTY.	
5.	TRANSFER OF TITLE:	
On or before 	
at
 	
or	
some other place of mutual consent as agreed to in writing.	
6.	POSSESSION:	
Full possession and occupancy of the premises with all keys shall be given upon the transfer of title free of	
all tenants and occupant's personal property and encumbrances except as herein stated.  Said premises to be then in the
same condition in which they now are, reasonable wear and tear excepted.  SELLER agrees that the premises will be
delivered to BUYER free of all debris and in “broom clean” condition.  Exceptions: 
Buyer reserves the right to conduct a walk through inspection upon reasonable notice to SELLER's AGENCY within 
hours prior to time of closing to ensure compliance with the terms of this Agreement.	
7.	AGENCY: 	The undersigned SELLER(S) and BUYER(S) acknowledge the roles of the agents as follows:	
of 	

is a  	
seller agent  	
buyer agent  	
non-agent  	
disclosed dual agent*	

of 	

is a  	
seller agent  	
buyer agent  	
non-agent  	
disclosed dual agent*	
*If agent(s) are acting as disclosed dual agents, SELLER and BUYER acknowledge prior receipt and signing of a Dual
Agency Informed Consent Agreement.	
8.	INSURANCE:	
The	buildings	on	said	premises	shall,	until	full	performance	of	this	Agreement,	be	kept	insured	against	fire,	with	
extended	coverage	by	SELLER	.In	case	of	loss,	all	sums	recoverable	from	said	insurance	shall	be	paid	or	assigned,	on delivery	
of deed, to 	BUYER	, unless the premises shall previously have been restored to their former condition by 	SELLER	; or, at the	
option of 	BUYER	, this Agreement may be rescinded and the 	DEPOSIT	
refunded if any such loss exceeds $	.	
9.	TITLE:	
If upon examination of title it is found that the title is not marketable, SELLER shall have a reasonable time, not to	
exceed thirty (30) days from the date of notification of defect (unless otherwise agreed to in writing), to remedy such defect.
Should SELLER be unable to provide marketable title within said thirty (30) days, BUYER may rescind this Agreement at
BUYER'S sole option, with full deposit being refunded to BUYER and all parties being released from any further obligations
hereunder.  SELLER hereby agrees to make a good faith effort to correct the title defect within the thirty (30) day period
above prescribed once notification of such defect is received.  The cost of examination of the title shall be borne by BUYER.	
SELLER(S) INITIALS	
_____________/_____________ 	BUYER(S) INITIALS	
_____________/_____________	
© 2008 NEW HAMPSHIRE ASSOCIATION OF REALTORS	ââ, INC. ALL RIGHTS RESERVED FOR USE BY NHAR REALTOR	ââ
MEMBERS ONLY. ALL OTHER USE PROHIBITED   01.2008	
PAGE 1 OF 5

PURCHASE AND SALES AGREEMENT AND DEPOSIT RECEIPT (RETA)	
New Hampshire Association of REALTORS	®
Standard Form	
10. TAXES,	
condo fees, special assessments, rents, water and sewage bills and fuel in storage shall be prorated as of time and	
date of closing or 	.	
11. PROPERTY INCLUDED:	
All Fixtures 	
.	
12. 	In compliance with the requirements of RSA 477:4-a, the following information is provided to BUYER relative to Radon Gas and
Lead Paint:	
RADON GAS	: Radon gas, the product of decay of radioactive materials in rock may be found in some areas of New Hampshire.  This	gas may pass into a structure through the ground or through water from a deep well.  Testing can establish its presence and equipment
is available to remove it from the air or water.
LEAD PAINT	: Before 1978, paint containing lead may have been used in structures.  The presence of flaking lead paint can present a	serious health hazard, especially to young children and pregnant women. Tests are available to determine whether lead is present.
Disclosure Required	


 	
YES      	
NO	
BUYER ACKNOWLEDGES PRIOR RECEIPT OF SELLER PROPERTY DISCLOSURE FORM ATTACHED HERETO AND
SIGNIFIES BY INITIALING HERE: 	_______________	_______________	
13. DUE DILIGENCE:	
The BUYER is encouraged to seek information from professionals normally engaged in the business	
regarding any specific issue of concern. SELLER'S AGENCY makes no warranties or representations regarding the
condition, permitted use or value of the SELLER'S real or personal property.  This Agreement is contingent upon the
fo
llowing inspections, with results being satisfactory to the BUYER:
TYPE OF INSPECTION:  	YES   NO	
 RESULTS TO SELLER	TYPE OF INSPECTION:	YES   NO 	
 RESULTS TO SELLER	
a.	General Building 	
 	




 	

within 	
days 	f. Lead Paint 	
 	




 	

within 	
days	
b.	Sewage Disposal	
 	




 	

within 	
days 	g. Pests	
 	




 	

within 	
days	
c.	Water Quality	
 	




 	

within 	
days 	h. Hazardous Waste	
 	




 	

within 	
days	
d.	Radon Air Quality	
 	




 	

within 	
days 	i. 	
 	




 	

within 	
days	
e.	Radon Water Quality	
 	




 	

within 	
days 	j. 	
 	
 	




 	

within 	
days	
The use of days is intended to mean calendar days from the effective date of this Agreement.	

All inspections will be done	
by professionals normally engaged in the business, to be chosen and paid for by BUYER. If BUYER does not notify SELLER
that the results of an inspection are unsatisfactory within the time period set forth above, the contingency is waived by BUYER.
TIME IS OF THE ESSENCE.  If the results of any inspection specified herein reveal significant issues or defects, which were not
previously disclosed to BUYER, then:	
(a) SELLER shall have the option of repairing or remedying the unsatisfactory condition(s) prior to transfer of title, so long as
BUYER and SELLER both agree on the method of repair or remedy; or
(b) if SELLER is unwilling or unable to repair or remedy the unsatisfactory condition(s) or BUYER and SELLER cannot reach
agreement with respect to the method of repair or remedy, then this Agreement shall be null and void, and all deposits will be
returned to BUYER in accordance with  the procedures required by the New Hampshire Real Estate Practice Act (N.H. RSA
331-A:13); or
(c) BUYER may terminate this Agreement in writing and all deposits will be returned to BUYER in accordance with  the
procedures required by the New Hampshire Real Estate Practice Act (N.H. RSA 331-A:13).	
SELLER(S) INITIALS	
_____________/_____________ 	BUYER(S) INITIALS	
_____________/_____________	
© 2008 NEW HAMPSHIRE ASSOCIATION OF REALTORS	ââ, INC. ALL RIGHTS RESERVED FOR USE BY NHAR REALTOR	ââ
MEMBERS ONLY. ALL OTHER USE PROHIBITED   01.2008	
PAGE 2 OF 5

PURCHASE AND SALES AGREEMENT AND DEPOSIT RECEIPT (RETA)	
New Hampshire Association of REALTORS	®
Standard Form	
Notification in writing of SELLER'S intent to repair or remedy should be delivered to BUYER or BUYER'S Agent within five (5)
days of receipt by SELLER of notification of unsatisfactory condition(s). In the absence of inspection mentioned above, BUYER
is relying upon BUYER'S own opinion as to the condition of the PROPERTY.
BUYER   HEREBY   ELECTS   TO   	WAIVE   THE   RIGHT   	TO   ALL   INSPECTIONS   AND   SIGNIFIES   BY   INITIA	LING	
HERE:  	_______________	_______________	
This Agreement is contingent upon BUYER'S review of the following:	
YES   NO	



YES   NO	
a.  Restrictive Covenants of Record	
 	




 	d.  Condominium documentation per N.H. RSA 356-B:58	




 	
b.  Easements of Record/Deed 	
 	




 	e.  Co-op/PUD/Association Documents	




 	
c.  Park Rules and Regulations 	
 	




 	f.  Availability of Property/Casualty Insurance	




 	
If such review is unsatisfactory, BUYER must notify SELLER in writing within 	
days from the effective date of the	
Agreement failing which such contingency shall lapse.	
14. LIQUIDATED DAMAGES	: If BUYER shall default in the performance of their obligation under this Agreement, the amount of	
the deposit may, at the option of SELLER, become the property of SELLER as reasonable liquidated damages.  In the
event of any dispute relative to the deposit monies held in escrow, the 	ESCROW AGENT	
may, in its sole discretion, pay	
said deposit monies into the Clerk of Court of proper jurisdiction in an Action of Interpleader, providing each party with
notice thereof at the address recited herein, and thereupon the 	ESCROW AGENT	
shall be discharged from its obligations	
as recited therein and each party to this Agreement shall thereafter hold the 	ESCROW AGENT	
harmless in such capacity.	
Both parties hereto agree that the 	ESCROW AGENT	
may deduct the cost of bringing such Interpleader action from the	
deposit monies held in escrow prior to the forwarding of same to the Clerk of such court.	
15. PRIOR STATEMENTS	: Any verbal representation, statements and agreements are not valid unless contained herein. This	
Agreement completely expresses the obligations of the parties.	
16. FINANCING	: This Agreement ( 	

is) ( 	

is not) contingent upon BUYER obtaining financing under the following terms:	
AMOUNT 	
TERM/YEARS 	
RATE 	
MORTGAGE TYPE 	
For the purposes of this Agreement, financing is to be demonstrated by a conditional loan commitment letter, which states
that BUYER is creditworthy, has been approved and that the lender shall make the loan in a timely manner at the Closing on
specified customary conditions for a loan of the type specified above. BUYER is responsible to resolve all conditions
included in the loan commitment by the Closing date.
The existence of conditions in the loan commitment will not extend either the Financing Deadline described below or the
closing date.
BUYER hereby authorizes, directs and instructs its lender to communicate the status of BUYER'S financing and the
satisfaction of lender's specified conditions to SELLER and SELLER'S/BUYER'S AGENCY.
TIME IS OF THE ESSENCE in the observance of all deadlines set forth within this financing contingency.	
SELLER(S) INITIALS	
_____________/_____________ 	BUYER(S) INITIALS	
_____________/_____________	
© 2008 NEW HAMPSHIRE ASSOCIATION OF REALTORS	ââ, INC. ALL RIGHTS RESERVED FOR USE BY NHAR REALTOR	ââ
MEMBERS ONLY. ALL OTHER USE PROHIBITED   01.2008	
PAGE 3 OF 5

PURCHASE AND SALES AGREEMENT AND DEPOSIT RECEIPT (RETA)	
New Hampshire Association of REALTORS	®
Standard Form	
BUYER agrees to act diligently and in good faith in obtaining such financing and shall, within 	
calendar	
days from the effective date, submit a complete and accurate application for mortgage financing to at least one financial
institution currently providing such loans, requesting financing in the amount and on the terms provided in this Agreement.
If BUYER provides written evidence of inability to obtain financing to SELLER by 	
("Financing	
Deadline"), then:	
(a)	This Agreement shall be null and void; and	
(b)	All deposits will be returned to BUYER in accordance with the procedures required by the New Hampshire Real	
Estate Practice Act (N.H. RSA 331-A:13) ("the Deposit Procedures"); and
(c)	The premises may be returned to the market.	
BUYER may choose to waive this financing contingency by notifying SELLER in writing by the Financing Deadline and this
Agreement shall no longer be subject to financing.
If, however:	
(a)	BUYER does not make application within the number of days specified above; or	
(b)	BUYER fails to provide written financing commitment or written evidence of inability to obtain financing to
SELLER by the Financing Deadline,	
Then SELLER shall have the option of either:	
(a)	Declaring BUYER in default of this Agreement; or	
(b)	Treating the financing contingency as having been waived by BUYER.	
If SELLER declares BUYER in default, in addition to the other remedies afforded under this Agreement:	
(a)	SELLER will be entitled to all deposits in accordance with the Deposit Procedures; and	
(b)	This Agreement will be terminated; and	
(c)	The premises may be returned to the market for sale.	
If SELLER opts to treat the financing contingency as waived or relies on a conditional loan commitment and BUYER
subsequently does not close in a timely manner, SELLER can then declare BUYER in default. SELLER then, in addition to
the other remedies afforded under this Agreement:	
(a)	Will be entitled to all deposits in accordance with the Deposit Procedures; and	
(b)	This Agreement will be terminated; and	
(c) The premises may be returned to the market for sale.	
BUYER shall be solely responsible to provide SELLER in a timely manner with written evidence of financing or lack of
financing as described above.	
SELLER(S) INITIALS	
_____________/_____________ 	BUYER(S) INITIALS	
_____________/_____________	
© 2008 NEW HAMPSHIRE ASSOCIATION OF REALTORS	ââ, INC. ALL RIGHTS RESERVED FOR USE BY NHAR REALTOR	ââ
MEMBERS ONLY. ALL OTHER USE PROHIBITED   01.2008	
PAGE 4 OF 5

PURCHASE AND SALES AGREEMENT AND DEPOSIT RECEIPT (RETA)	
New Hampshire Association of REALTORS	®
Standard Form	
17.  ADDITIONAL PROVISIONS	:	
18. EFFECTIVE DATE	: This is a binding contract and the effective date is when signed and dated, whether by electronic	
transfer or original, and all changes initialed and dated, by SELLER and BUYER.	
Each party is to receive a fully executed duplicate original of this Agreement. This Agreement shall be binding upon the heirs,
executors, administrators and assigns of both parties.
PRIOR  TO  EXECUTION,  IF  NOT  FULLY  UNDERSTOOD,  PARTIES  ARE  ADVISED  TO  CONTACT  AN  ATTORNEY.
_____________________________ 	/	
 	_____________________________ 	/	
BUYER 	



DATE	
TIME	BUYER 	
 



DATE	
TIME	

 	
ADDRESS	ADDRESS	

 	
CITY / STATE / ZIP	CITY / STATE / ZIP	
SELLER accepts the offer and agrees to deliver the above-described PROPERTY at the price and upon the terms and
conditions set forth.
_____________________________ 	/	
 	_____________________________ 	/	
SELLER 	



DATE	
TIME	SELLER 	



DATE	
TIME	

 	
ADDRESS	ADDRESS	

 	
CITY / STATE / ZIP	CITY / STATE / ZIP	
© 2008 NEW HAMPSHIRE ASSOCIATION OF REALTORS	ââ, INC. ALL RIGHTS RESERVED FOR USE BY NHAR REALTOR	ââ
MEMBERS ONLY. ALL OTHER USE PROHIBITED   01.2008	
PAGE 5 OF 5
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