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An Alabama purchase and sale agreement is a contract between a buyer and seller for the transfer of a property in exchange for a specific amount. Once the contract is signed, the buyer is required to pay an earnest money deposit, which is non-refundable if their contingencies are met.
Form Options By Type
 Standard Residential Lease Agreement
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 Simple (1-Page) Lease Agreement
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When does a purchase agreement become legally binding?
The purchase and sale agreement becomes legally binding when both parties sign the contract and the buyer gets the notice that the seller has accepted the deal. The buyer can get the notice in-person, by phone, and/or email.
Most Recent US Home Facts
- Population (2023): 334,914,895
- Median Households (2022): 125,736,353
- Median Household Income (2022): $75,149
- Owner-occupied Households (2022): 64.8%
Source: U.S. Census Bureau
FAQs
How binding is a lease agreement in Alabama?
The agreement becomes legally binding once the Landlord and Tenant have signed the form.
How to evict someone without a lease agreement in Alabama?
The Landlord must notify the Tenant in writing to vacate the property after seven days of no rent payments in a rental without a lease (tenancy-at-will).
When does a guest become a Tenant in Alabama?
A guest becomes a Tenant when staying on the rental property for an extended period of time.
What are Tenant rights in Alabama?
The right to rental a dwelling that is habitable, privacy, non-discrimination, and the right of security deposit returns.
Alabama Purchase and Sale Agreement Form Template Preview
