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Buying a Home

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Real Estate Purchase Agreement

A purchase agreement is used by a person seeking to purchase real estate, it is used to make a formal offer. A purchase agreement includes formalities for purchasing real estate such as the amount of down payment, who will be used as escrow agent, and clarifies the rights and obligations of both the person seeking to buy, Purchaser, and the person seeking to sell, Seller. Use this document to make a formal offer to a seller on a real estate transaction.

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Real Estate Co-Purchaser Agreement

A purchase agreement is used by a person seeking to purchase real estate, it is used to make a formal offer. A purchase agreement includes formalities for purchasing real estate such as the amount of down payment, who will be used as escrow agent, and clarifies the rights and obligations of both the person seeking to buy, Purchaser, and the person seeking to sell, Seller. Use this document to make a formal offer, from multiple parties, to a seller on a real estate transaction.

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Power of Attorney (limited/specific)

A power of attorney authorizes another person to act on your behalf in legal, medical or business matters. Use this document to authorize someone to act on your behalf in matters which you are given the opportunity to specify.

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Warranty Deed to be used to convey property to joint tenants with survivorship rights

A warranty deed is a deed in which the grantor of property makes certain guarantees to the person whom he or she is conveying the property to, the grantee. The grantor guarantees that he/she holds clear title to a piece of real estate and has the right to sell it. This guarantee extends beyond the grantor's own possession of the property, and all the way back to its origins and also guarantees the property is free from all encumbrances (except as set forth in the document), that the grantee will be able to quietly enjoy the property, and that the grantor will forever warrant and defend the title to the property against any lawful claims and demands.

In many states, tenancy in common is the default for two or more individuals taking title to the same property. Each tenant in common owns an individual share, has a right to possess the whole and may own unequal portions of the property. An owner of a share may transfer through, sale, gift, will or through intestacy, their own share and it does not disturb the other owners. The new party becomes a tenant in common with the remaining owners.

Use this document to create a deed conveying property to multiple parties who wish to take title as tenants in common, without survivorship rights.

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Residential Lease

A residential lease is a lease for real estate, between landlord and tenant, involving residential property as opposed to commercial. A lease is a legally enforceable agreement between two parties for the temporary use of real property. It gives the tenant, lessee, the right to use the landlords, lessor's, property.

Use this document to enter into a legal agreement between a landlord and tenant, for the rental and use of real property.

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General Information

Congratulations on taking the next major step in your life! Buying a home is exciting but at LawSmart we know the process involved can also be intimidating. In this Life Events package you will find everything you need to stay organized and prepared for whatever legal or other needs that may arise.