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Warning: No representation is made that this form of contract for the sale and
purchase of real estate complies with Section 5-702 of the General Obligations
Law (“Plain Language Law”).
CONSULT YOUR LAWYER BEFORE SIGNING THIS AGREEMENT
NOTE: FIRE AND CASUALTY LOSSES AND CONDEMNATION
This contract form does not provide for what happens in the event of fire, or other
casualty loss or condemnation before the title closing. Unless different provision
is made in this contract, Section 5-1311 of the General Obligations Law will
apply. One part of that law makes a Purchaser responsible for fire and casualty
loss upon taking possession of the Premises before the title closing.
Residential Contract of Sale
Contract of Sale made as of __________________________________ between
Security Number/ Fed. I.D. No(s): _____________________ hereinafter called “Seller”
Social Security Number/ Fed. I.D. No(s): _____________________ hereinafter called
The parties hereby agree as follows:
1. Premises. Seller shall sell and convey and Purchaser shall purchase the
property, together with all buildings and improvements thereon (collectively the
“Premises”), more fully described on a separate page marked “Schedule A”, annexed
hereto and made a part hereof and also known as: ________________________ Street
Address: __________________________________________________________. Tax
Map Designation: ___________________________________________.
Together with Seller’s ownership and rights, if any, to land lying in the bed of any street
or highway, opened or proposed, adjoining the Premises to the center line thereof,
including any right of Seller to any unpaid award by reason of any taking by