The House Memorandum of Sale is a fundamental document in U.S. residential real estate transactions, used to formalize the agreement between a property buyer and seller. This document is typically prepared after initial negotiations have concluded but before the final closing documents are drawn up. It serves as a comprehensive record of the transaction terms, including property details, purchase price, contingencies, and closing conditions. The memorandum must comply with both federal regulations and state-specific real estate laws, making it essential to adapt the document to the relevant jurisdiction's requirements. Real estate professionals, legal advisors, and financial institutions commonly rely on the House Memorandum of Sale as a reference point throughout the transaction process, from the initial agreement through to closing.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the seller and buyer with full legal names and addresses
2. Background: Brief context of the transaction and purpose of the memorandum
3. Definitions: Key terms used throughout the document defined for clarity
4. Property Description: Detailed legal description of the property including address, boundaries, and parcel number
5. Purchase Price: Agreed purchase price and payment terms including deposits and balance due
6. Closing Date: Specified date for completion of the sale and transfer of ownership
7. Title and Ownership: Confirmation of clear title and terms of transfer
8. Contingencies: Standard conditions that must be met for the sale to proceed
9. Representations and Warranties: Standard declarations by both parties regarding the property and their capacity to enter into the agreement
10. Default and Remedies: Consequences and available remedies if either party fails to perform
11. Notices: How and where formal communications between parties should be delivered
12. Governing Law: Specification that the agreement is governed by US law and the relevant state jurisdiction
13. Execution: Signature blocks and date of agreement
1. Financing Contingency: Include when buyer's purchase is contingent on obtaining specific financing
2. Home Inspection Contingency: Include when sale is contingent on satisfactory home inspection results
3. Sale of Existing Home Contingency: Include when buyer must sell their current home before completing this purchase
4. Tenant Rights: Include when property is currently occupied by tenants
5. Special Conditions: Include when there are unique circumstances or requirements specific to the transaction
6. Property Maintenance: Include when specific maintenance obligations need to be outlined between agreement and closing
7. Personal Property Inclusion/Exclusion: Include when specific items of personal property are being included or excluded from the sale
1. Schedule A - Property Details: Detailed property description, including lot size, building specifications, and improvements
2. Schedule B - Title Exceptions: List of any encumbrances, easements, or restrictions on the property
3. Schedule C - Included Fixtures and Fittings: Itemized list of fixtures and fittings included in the sale
4. Schedule D - Excluded Items: List of items specifically excluded from the sale
5. Schedule E - Disclosure Statement: Statutory property disclosure statement as required by state law
6. Appendix 1 - Property Photos: Current dated photographs of the property
7. Appendix 2 - Floor Plans: Current floor plans of the property
8. Appendix 3 - Inspection Reports: Any existing inspection reports or property assessments
Find the exact document you need
House Memorandum Of Sale
A U.S.-compliant legal document that records the agreed terms and conditions between parties in a residential property sale transaction, subject to federal and state real estate laws.
Download
Bill Of Sale Memorandum Of Installment Sale
A U.S. legal document combining property sale terms with installment payment arrangements, establishing ownership transfer and payment schedule details.
Download
Affidavit And Memorandum Of Agreement Of Purchase And Sale
A U.S. legal document combining a sworn statement with a purchase agreement, used to formally document and verify property or asset sales.
Download
Memorandum Of Agreement Sale Of Motor Vehicle
A U.S. legal document formalizing the sale and transfer of a motor vehicle between parties.
Download
Memorandum Of Agreement For Sales Commission
A U.S.-compliant agreement establishing commission terms between a company and sales representatives.
Download
Memorandum Of Agreement Of Sale
A legally binding document used in the United States that documents the terms and conditions of a sale transaction between parties.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it