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Document Id : 7329
File Type : Microsoft Word
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Mexico Real Estate Purchase & Sale Agreement Between Natural Persons
Buy and sell real estate property in Mexico with this template Real Estate Purchase & Sale Agreement Between Natural Persons.
- Parties. The land in question is owned by an individual and is being sold to another individual, in accordance with Mexican laws.
- Purchase Price. The purchase price is payable in US dollars. The buyer pays a 10% deposit at the time of signing the Purchase & Sale Agreement, with the balance due on closing.
- Rescission. If the buyer rescinds due to a breach by the seller, the buyer is entitled to a penalty fee of 10% of the purchase price. If the seller terminates due to a breach by the buyer, the seller is entitled to keep the deposit as the penalty fee.
- Expenses. The buyer is responsible for paying all expenses relating to the transfer of the property, except for capital gains and value-added taxes.
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