Download Connecticut Purchase Agreement Form [PDF]

The main purpose of the purchase agreement is to outline the terms and conditions under which the property sale is going to be conducted. The document itself doesn’t transfer any legal rights from one party to another. However, it provides the conditions that have to be met so the transfer can happen.

The purchase agreement should be used by the parties who want to sell or purchase a certain property. The property in question can be anything from real estate to a motor vehicle, shares in a company, a firearm, and more.

Connecticut Purchase and Sale Agreement Form

The Connecticut purchase agreement is a document that is used to define the terms and conditions of the property sale and purchase between the seller and the buyer.

It usually includes information about the seller and the buyer, details about the property, the purchase price, information about financing, and other terms under which the property transfer is going to be conducted.

The Connecticut purchase agreement is also known as:

Other Names for Connecticut Purchase and Sale Agreement Form

Connecticut sale and purchase agreement
Connecticut purchase and sale agreement
Connecticut sale and purchase contract
Connecticut purchase and sale contract

However, it all refers to one document that provides the terms and conditions for the property transfer in Connecticut.

Purchase Agreement Connecticut Laws & Requirements

The Connecticut legislature doesn’t set any formal requirements for the purchase agreement form. However, there are a few disclosures that must be included in every Connecticut purchase agreement, as required by federal and state law.

Purchase Agreement Required Disclosures in Connecticut

Here, you can see the list of disclosures that must be included in the Connecticut purchase agreement.

Mandatory Disclosures

Lead-Based Paint Disclosure. Federal law requires the seller to inform the buyer of the lead-based paint hazard in the transferred property. This is required for every property built before 1978 or if there is a known presence of lead-based paint at the property. (42 U.S. Code § 4852d)
Residential condition report. The seller should provide a disclosure about the property's condition by filling out the form and giving it to any potential buyer of the property. (§ 20-327b)

Common Types of Purchase Agreements in Connecticut

This section provides all the types of purchase agreements used in Connecticut.

Variety of Purchase Agreement

Residential real estate purchase agreement. This type of purchase agreement is used to determine the conditions for selling and purchasing a house, apartment, or other kinds of property used for residential purposes.
Commercial real estate purchase agreement. Parties can use it to sell and purchase office space, warehouses, manufacturing facilities, and other kinds of commercial properties.
Vehicle purchase agreement. This agreement is also known as the motor vehicle bill of sale. Parties use it for outlining the terms of transferring the car, motorcycle, truck, and other kinds of motor vehicles.
Business purchase agreement. Sellers and buyers use it to provide terms for transferring the company from one to the other.
Land purchase agreement. This type of agreement can be used to provide terms for selling and purchasing agricultural, residential, commercial, or other kinds of land in Connecticut.
Stock purchase agreement. Parties use this purchase agreement for selling stocks and shares in companies.

Purchase Agreement in Connecticut FAQ

Yes, the Connecticut purchase agreement becomes a legally binding document once both the seller and the buyer sign it.
Yes, the purchase price is one of the essential elements of the Connecticut purchase agreement, and therefore, it must be included in the document.
No, considering that the Connecticut purchase agreement doesn’t directly transfer any legal rights, it doesn’t have to be notarized in order to be valid and effective.
The seller can back out of the Connecticut purchase agreement only if the buyer fails to meet the contingencies set in the agreement.