REAL ESTATE PURCHASE CONTRACT
VILLAS PARAISO ESCONDIDO, LUCINDA, MUNICIPALITY OF BALFATE,
PROVINCE OF COLON, HONDURAS, C. A.
with full names and addresses listed below, agree to buy a lot from Paradise Properties Honduras, S de
R.L. through the Exclusive Sales Representative in Canada, PARAISO ESCONDIDO PROPERTIES
Inc. at 4 – 8810 – 118 Ave., Edmonton, Alberta, T5E 5J8.
The buyer(s) agrees to pay a total of $ _ __ U.S. dollars + 1.5% Tax for the purchase of lot
No. ____ _____ located in Villas Paraiso Escondido, in the Municipality of Balfate, Department of Colon,
Honduras, Central America with an area of _ __square meters, more or less. Payment will be made in
the following manner.
Initial deposit of $ __ _made on ________ _____ ___Balance of $ _ __
made by Certified Check or Bank Draft on or before ____ ________________________,
PARADISE PROPIERTIES HONDURAS S. de R.L. agrees to transfer Title of said lot of land to the buyer
upon full payment and on the following conditions:
The Sellers/Developer will include/install certain facilities and the Buyers will have certain rights and
responsibilities as outlined in the COVENANTS AND AGREEMENTS for VILLAS PARAISO
ESCONDIDO forming part of this agreement and outlines the rights and responsibilities of each party in
this contract. The buyer and the seller agree to act cooperatively, reasonably, diligently and in good faith to
complete the requirements of this contract. The parties acknowledge that the land title system and the legal
institutions of Honduras sometimes operate at a slower pace than the Canadian system and deadlines sometimes
cannot be met in Honduras due to legal uncertainties or weather interruptions.
The buyer will pay the costs to register the Transfer of