Agreement of Purchase and Sale under Corporation

[Nir]

When the property is purchased under a corporation instead of a person is the same "Agreement of Purchase" form being used (just using the name of the Corporation instead a person) or is there a slightly different process for placing such an offer? THANKS

 

[ToddStokowski]

Hello, the same purchase contract is used.

We put down our "corporation`s name and/or nominees/assingns" as the purchaser.

Todd

 

[Nir]

Thank You Todd.

 

[Thomas Beyer]

QUOTE (investmart @ Dec 8 2007, 09:09 PM) When the property is purchased under a corporation instead of a person is the same "Agreement of Purchase" form being used (just using the name of the Corporation instead a person) or is there a slightly different process for placing such an offer? THANKS


yes .. but use the " ABC Corp. and/or Nominee" as purchaser as often we use a NewCo or the actual purchase that may not yet exist. It also allows assignment (for a fee or free) if you so decide ! We now actually have a small corporation that does nothing but write offers. It owns nothing.

 

[Nir]

Thank you Mr. Beyer.