Winston Salem | What is the purpose of the seller obligations paragraph in our Purchase Contracts

 

Paragraph 8 in our Purchase Contracts lists a number of important things that the seller agrees to do in connection with the sale of the property. 

The list is not exclusive; the seller has other contractual obligations not listed in paragraph 8.

 • For example, the seller is obligated to convey any personal property described in paragraph 3 and to include all fixtures as a part of the sale unless excluded in paragraph 2. 

Paragraph 8(n) states that if the seller fails to “materially” comply with any of the obligations listed in paragraph 8, or materially breaches the contract, it gives the buyer certain rights. For more information, ask about the article on Breach of Contract.

For more information about your obligation as a seller, check out the explanation at: Seller Obligations

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