SALE AGREEMENT This Sale Agreement (“Agreement”) is made and entered into on [date] by and between [seller's name], with an address at [seller's address], hereinafter referred to as "Seller" and [buyer's name], with an address at [buyer's address], hereinafter referred to as "Buyer." Property: The Seller hereby agrees to sell, and the Buyer hereby agrees to purchase, the property located at [property address], Los Angeles, California, hereinafter referred to as the “Property”. Purchase Price: The total purchase price for the Property is [purchase price], payable as follows: [deposit] deposit to be paid by the Buyer on the execution of this Agreement and the balance of [balance] to be paid by the Buyer to the Seller at closing. Closing: The closing shall take place on [closing date] or such other date as may be agreed to in writing by the parties. Title and Survey: The Seller shall provide the Buyer with a good and marketable title to the Property, free and clear of all liens and encumbrances, other than those specifically permitted by the Buyer. The Seller shall provide the Buyer with a survey of the Property. Condition of Property: The Property shall be sold in its present "AS IS" condition, without any representations or warranties, expressed or implied, as to its condition or fitness for any particular purpose. Inspections: The Buyer shall have the right to inspect the Property at reasonable times prior to closing. If the inspection reveals any defects, the Buyer may terminate this Agreement or request that the Seller remedy the defects. In the event the Seller fails or refuses to remedy the defects, the Buyer may terminate this Agreement and the deposit shall be returned to the Buyer. Property Taxes: All property taxes shall be prorated between the parties as of the date of closing. Closing Costs: All costs associated with the transfer of the Property, including, but not limited to, title insurance premiums, escrow fees, recording fees, and transfer taxes, shall be paid by the Buyer. Default: In the event of a default by the Buyer, the Seller may retain the deposit as liquidated damages, or may seek any other legal or equitable remedies available under the law. Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and understandings between the parties. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of California. Binding Effect: This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, administrators, successors, and assigns. IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written. SELLER: Name: Title: BUYER: Name: Title: