Three-party Property Sales & Purchase Agreement
Agreement No.: S-34-700000
Three-party Property Sales & Purchase Agreement
Party A (Seller):
Party B (Buyer):
I. Sales & purchase of the property
Party A agrees to sell the property to Party B. The property is qualified for sale in the market in accordance with the regulation of Beijing Municipal Construction Committee. Together with the sales of the property, the allocated land area for the property and the usable term of the land is transferred to Party B jointly. The property is described as:
1.Serial no. of the title certificate of the property is:_____________________________;
2.Construction area: _________m2; usable floor space: __________m2(optional);
3.Together with the title of the property, facilities and interior decorations to be transferred are as described in Appendix (1);
4.Party A shall guarantee that it has completely disclosed the facts about the property, including but not limited to the title,
decoration and relevant information; Party B has fully understood the facts and agrees to buy the property voluntarily.
II. Sales price and terms of payment
1.Sales Price
Party A and Party B agree that the sales price of the property be(CAD ______);
The price includes: [price of the property], [public maintenance fund], [permanent interior decoration], [air-conditioners] and others
2.Terms of Payment
Party B shall make the payment in accordance with as follow:
A.Cash
Upon signing of this Agreement, Party B shall pay 10% of the price ( ________) as the deposit. This payment shall be made in accordance with ______as follow:
a.Paid to Party A in full and Party A shall issue an invoice;
b.Deposited temporarily This deposit will be released only when the title transfer from Party A to Party B is
completed and the property handover has been concluded, and the deposit will be released together with the
remaining payment to Party A. To do this, Party A and Party B need
Party A and Party B hereby agree that, for the afore-said method (b), once the escrow fund is deposited in the escrow account it is deemed that Party B has performed its payment obligation of deposit and the sales price.
B.Mortgage
a.Upon signing of this Agreement, Party B shall pay of the price as the deposit, which will be part of the down
payment.
b.Within days after signing of this Agreement, Party B shall make up the rest part of the down payment (the down
payment shall be no less thanof the price in accordance with mortgage bank’s requirement).
Through the negotiation, Party B agrees to make the afore-said payment in way as follow: