PROPERTY PURCHASE AGREEMENT FORM

This Purchase Agreement is made with respect to the purchasing of the premises(hereinafter referred to as "premises") as described below upon the terms and conditions contained herein. 1. Description of Premises
LOCATION
Land	category		Area		㎡
Building	structure ․ purpose		Area		㎡
2. Terms and Conditions Article 1. (Purpose) The manner of payment will be determined as follows upon the agreement between the seller and the buyer
Purchase Price	KRW Only (₩ )
Initial Deposit	KRW shall be paid upon the execution of this Agreement. Receiver ( seal )
Loan in the amount of	KRW shall be loaned from _______________________bank.			Lease deposit		KRW shall be successed.
Intermediate Payment	KRW shall be paid on (Date : )
Balance	KRW shall be paid on (Date : )

Article 2. (Title transfer) Upon the receipt of Balnce of the Purchase price, the seller shall deliver to the buyer all relevant documents required for title transfer registration and cooperate for the registration process. The occupancy date of the premises shall be ___________ (year), _________ (month) _____ (date)

Article 3. (Remove the restriction from premises) Prior to the receipt of the Balance of the Purchase price, seller shall deliver complete title by removing all the restrictions including encumbrances, easements and any rights limiting the performance of title and clear unpaid taxes or fees if there is any, except the rights and amounts agreed to be transferred to the buyer herein.

Article 4. (Local Tax) The party to pay any taxes, fees or receive any income generated from the property transaction herein shall be determined in a basis of occupance date. Any obligation or liability of Local tax shall be performed in accordance with local tax law.

Article 5. (Rescission of contract) Before the buyer pays the seller the intermediate payment (the balance failing the intermediate payment), the seller and the buyer may rescind this Agreement by the seller refunding double the down payment to the buyer and by abandoning the down payment, respectively.

Article 6. (Non-performance of payment and compensation)  In any case of non-performance of the articles by any party stated herein, the opposite party may file a suit and demand for rescission.  The opposite party may claim for compensation or losses caused by the other party's non-performance.

Article 7. (Brokerage) The broker shall not be responsible for any inconvenience caused by non-performance of either party, the seller or the buyer.  The brokerage shall be paid by both parties and even in the case that the contract gets cancelled or rescinded by any reason which is not relevant to any faults or errors made by broker, the brokerage shall be paid. In the event it is joint brokerage of the two brokers, the buyer and the seller should pay brokerage, respectively. (Each of the parties hereto shall pay the broker a commission of _____________% of the transaction amount.)

Article 8. (Distribution of Property Description for customer's verification and etc. ) Property Description filled out by the broker and a copy of Mutual-aid Insurance Policy shall be distributed to the both parties the seller and the buyer on the date of ____________________________________

Special
Agreement

The seller and the buyer hereby confirm this Agreement and hereto set signature and/or seals, and the seller, the buyer and the broker shall retain one copy thereof.

seller	Address										Seal
	Alien Registration no./ Business Registration no.						Telephone no.		Name
	representative	Address					Alien Registration no./ Business Registration no.		Name
buyer	Address										Seal
	Alien Registration no./ Business Registration no.						Telephone no.		Name
	representative	Address					Alien Registration no./ Business Registration no.		Name
Broker	Location of Main office						Location of Main office
	Name of Office						Name of Office
	Chair Broker	Sign ․ Seal	Seal				Sign ․ Seal	Seal
	Business Registration no.				Tele phone no.		Business Registration no.		Tele phone no.
	Employed Broker	Sign	Seal				Sign ․ Seal	Seal

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이 계약서 양식은 한국공인중개사협회에서 번역한 것으로 법적인 구속력은 없습니다. 따라서, 이용자는 작성하기 전에 반드시 계약서 상의 내용을 충분히 검토하시어, 실행하고자 하는 계약의 내용과 부합하는지 확인 후 이용하시기 바랍니다.  한국공인중개사협회는 이 샘플 계약서의 사용시, 전체 혹은 일부분의 내용과 관련하여 발생하는 어떠한 사태에 대해서도 책임이 없습니다.

This recommended Property Purchase Agreement Form was translated by Korea Association of Realtor and it has no legal binding force. Therefore user shall review the form in advance and make sure if the contents meet all requirement of the contract executed between the parties. Korea Association of Realtor expressly disclaims all liability to any person or party in respect of any consequences arising from reliance upon all or part of the contents of this sample lease agreement.