Download Montana Purchase Agreement Form [PDF]

The Montana purchase agreement is a legal document used to determine the conditions under which the seller agrees to sell, and the buyer agrees to buy a certain item.

The parties are mostly using the purchase agreement for more complex transactions or for transactions with a purchase price above $500.

The purchase agreement itself doesn’t transfer any legal rights between the parties. However, they use it to determine all the terms of the purchase and sale and prevent any potential misunderstandings and disputes in the future.

Montana Purchase and Sale Agreement Form

The purchase agreement is often used to provide the terms under which the sale and purchase of a certain item are going to occur.

This document usually includes information about the parties, details about the property, the purchase price, information about the financing, contingencies, and other terms and conditions related to the property transfer.

The Montana purchase agreement is also known as:

Other Names for Montana Purchase and Sale Agreement Form

Montana purchase and sale agreement
Montana sale and purchase agreement
Montana sale and purchase contract
Montana purchase and sales contract

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

Purchase Agreement Montana Laws & Requirements

Montana is one of the “caveat emptor” or “buyer beware” states. This means that in Montana, the seller is not obliged to inform the buyer about the defects and damages the property has.

However, if the agent is selling the property, they must disclose all the “adverse facts” to the buyer, as defined in § 37-51-102(1)(a).

Additionally, there are a few disclosures that must be included in the purchase agreement, regardless of the “buyer beware” status.

Purchase Agreement Required Disclosures in Montana

Here, you can find the list of disclosures that must be included in the Montana purchase agreement template:

Mandatory Disclosures

Lead-Based Paint Disclosure: It is required by 42 U.S. Code § 4852d that the seller provides information to the buyer about any lead-based paint hazards at the property.
Methamphetamine Disclosure: The seller must inform the buyer if the property was previously used as a methamphetamine laboratory. (§ 75-10-1305)
Mold Disclosure: The seller must inform the buyer about the mold, what it is, and how it appears, as well as provide information if there is any mold present at the property. (§ 70-16-703)

Common Types of Purchase Agreements in Montana

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

Variety of Purchase Agreement

Residential real estate purchase agreement. You can use it 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. Used for transferring ownership over office space, warehouses, manufacturing facilities, and other kinds of commercial properties.
Vehicle purchase agreement. You can use it for the purchase and sale of a car, motorcycle, truck, and other kinds of motor vehicles. Also known as the motor vehicle bill of sale.
Business purchase agreement. Used for providing terms and conditions for transferring the company's shares.
Land purchase agreement. You can use it to provide terms and conditions for the transfer of agricultural, residential, commercial, or other kinds of land in Montana.
Stock purchase agreement. This type of purchase agreement form is used for selling the stocks of companies.

Purchase Agreement in Montana FAQ

Yes, a purchase agreement is a legally binding document in Montana. The purchase agreement becomes effective and legally binding the moment both the seller and the buyer sign it.
Yes, the Montana sales agreement needs to state the purchase price. The document won’t be effective if you don’t insert the purchase price since it will then miss the main obligation of the buyer.
No, the Montana purchase and sale agreement doesn’t have to be notarized. The main reason for this is that by signing the purchase and sale agreement, the parties are not transferring any legal rights to each other.
Yes, a seller can back out of a purchase agreement in Montana without consequences only if the buyer fails to meet the contingencies set out in the document.