Real Estate Purchase Agreement Template - Rhode Island

A Rhode Island Real Estate Purchase Agreement is a legal contract that details the transfer of ownership of residential or commercial real property. Whether you want to buy a house for yourself and your family or you plan to purchase real property to lease it to businesses, you need an air-tight document to protect your interests and release the former owner from any rights and responsibilities regarding the house, apartment, or office space in question.

To make a valid Real Estate Purchase Agreement, Rhode Island residents must identify the parties to the contract, add a legal description of the subject matter, record the purchase price and the date when the property changes its owner, decide who will pay for the property inspection, and agree which contingencies will lead to the termination of the contract.

There are no official templates or forms that govern the sale and purchase of real estate in the state of Rhode Island. Still, you can make your own Rhode Island Real Estate Purchase Agreement via our online form builder or download a ready-made form through the link below.

Generally, the real estate is being sold in its present condition - "as is". However, the seller must notify the potential buyer about any material defects of the residential property. While a general Disclosure Statement covers all existing issues of the real estate, a notarized Lead Disclosure confirms the presence of lead-based paint used in residences built before 1978.