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North Dakota Residential Purchase Agreement

A North Dakota residential purchase agreement is a legal document between a buyer and a seller of real property. All terms of the sale are included in the agreement, such as the inspection period, due diligence, and closing date. The agreement becomes legally binding once signed by both parties.
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Updated July 25, 2024

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Required Disclosures (2)

Lead-Based Paint Disclosure – Federal law requires that an individual who is purchasing a residence constructed before the year 1978 must be given a statement that details the use of any lead-based paint on the property.

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Seller’s Property Disclosure Statement – A disclosure statement must be provided by the seller to the buyer before an agreement is authorized.[1] In most cases, when a seller places the property for sale this disclosure should be completed and handed out to prospective buyers before the time of an offer.

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Sources

  1. § 47-10-02.1