State Of Montana Buy Sell Agreement

The deadline for the agreement is set in the text. Methamphetamine Contamination (No. 75-10-1305) – An apartment considered uninhabitable due to methamphetamine contamination requires disclosure by the seller, who makes it clear that the property has not received corrective action. Buyer attention/Caveat emptor. The Montana law does not impose property guarantees on the seller unless he is aware of a problem that could affect the health or safety of the buyer. However, if the property is sold by a broker, the representative is required to disclose to the buyer any wrongdoing. (No. 37-51-313) A contract to purchase and sell residential real estate in Montana is a document used to make a financial offer for a property and is executed by two (2) parties; Buyers and sellers. Once completed, the form describes all the terms of the offer, for example. B the amount offered, the buyer`s financing methods and the date on which it expires if it is not accepted. The seller has the right to refuse and negotiate an offer until it expires. The written agreement becomes legally binding once both parties have signed it. The contract must be signed by the buyer and seller, and each part of that contract must contain the initials of both parties.

Information needed for real estate agents. Even if sellers are not required to make a separate disclosure, this could be the case. Montana law requires sellers to disclose material and other relevant information about the terms of the property they are aware of. These include issues such as structural integrity, health risks and infestations. Real estate agents are also required to disclose whether they have personal knowledge of the veracity of information about unwanted material facts. Sellers are not required to verify the information provided by the seller or to verify the property. New Apartments (No. 28-2-2202) – Only for new and unoccupied real estate, this disclosure requires sellers/developers to provide the buyer with documents relevant to all inspections/tests carried out by the general contractor.