Fillable Termination of Real Estate Purchase Agreement Form

Termination of Real Estate Purchase Agreement Template

This Termination of Real Estate Purchase Agreement ("Termination Agreement") is made effective as of [Date], by and between:

Seller: [Seller's Full Name]
Buyer: [Buyer's Full Name]
Property Address: [Property Address]
City, State, Zip Code: [City, State, Zip Code]

WHEREAS, the parties entered into a Real Estate Purchase Agreement ("Agreement") dated [Agreement Date] for the purchase of the property located at the above address; and

WHEREAS, the parties desire to terminate the Agreement in accordance with [Relevant State] laws, specifically [Cite Relevant State Law, if applicable];

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the parties agree as follows:

1. Termination of Agreement: The Real Estate Purchase Agreement dated [Agreement Date] is hereby terminated in its entirety.
2. Release of Obligations: Both parties are released from all obligations under the Agreement, including but not limited to any payment for the purchase price.
3. Return of Earnest Money: [If applicable, specify the amount of earnest money and its handling.] Any earnest money deposited by [Buyer/Seller] shall be returned to [Buyer's/Seller's Name].

This Termination Agreement constitutes the entire understanding between the parties hereto and supersedes any prior agreements or understandings related to the subject matter hereof. No modification, waiver, or release of any provision of this Agreement shall be valid unless made in writing and signed by both parties.

Governing Law: This Termination Agreement shall be governed by and construed in accordance with the laws of the State of [State].

IN WITNESS WHEREOF, the parties hereto have executed this Termination Agreement as of the date first above written.

Seller's Signature: _________________________
Date: _____________________________

Buyer's Signature: ________________________
Date: _____________________________