Connecticut Residential Purchase and Sale Agreement

This Residential Purchase and Sale Agreement (the "Agreement") is made as of [[Effective Date]] by and between [[Seller Full Legal Name(s)]] ("Seller") and [[Buyer Full Legal Name(s)]] ("Buyer"). Seller agrees to sell and Buyer agrees to purchase the Property described in this Agreement on the terms set forth below.

The parties acknowledge that Connecticut law requires a written contract for the sale of residential real property. Earnest money is customary but not required by statute. Seller must deliver the mandatory Residential Property Condition Report (CGS § 20-327b) to Buyer prior to Buyer signing this Agreement or any binding offer. Buyer has three (3) days after receipt of the Property Condition Report to rescind this Agreement by written notice to Seller.

1. Parties

Seller: [[Seller Full Legal Name(s)]], whose address for notices under this Agreement is [[Seller Notice Address]].

Buyer: [[Buyer Full Legal Name(s)]], whose address for notices under this Agreement is [[Buyer Notice Address]].

If either party is an entity, the signatory represents that they have authority to bind the entity.

2. Property

Seller agrees to sell and convey to Buyer, and Buyer agrees to purchase from Seller, the residential real property located at:

[[Property Street Address]]

[[City]], Connecticut [[ZIP Code]]

County of [[County Name]]

( the "Property" ).

Legal description (from current deed or survey): [[Full Legal Description]]

Tax parcel / map / block / lot: [[Tax Parcel ID]]

The Property includes the land, all buildings and improvements, fixtures, and appurtenances. It is sold subject to easements, restrictions, and encumbrances of record that do not materially impair use as a single-family residence (or the stated use), and to current zoning and building codes.

3. Purchase Price and Payment

The total purchase price is [[Purchase Price in Words]] Dollars ($[[Purchase Price Amount]]) (the "Purchase Price"), payable as follows:

1. Earnest money deposit of $[[Earnest Money Deposit Amount]] due within [[Earnest Money Deposit Deadline, e.g. 3 business days]] after the Effective Date.

2. Additional deposit or down payment of $[[Additional Deposit Amount or N/A]] due by [[Additional Deposit Due Date]].

3. Balance at closing by wire transfer, cashier's check, or other immediately available funds acceptable to the closing agent.

4. Earnest Money

The earnest money shall be deposited with [[Escrow Agent / Title Company Name]] ("Escrow Agent") at [[Escrow Agent Address]]. The earnest money shall be held in a non-interest-bearing account unless the parties agree in writing otherwise. If the transaction closes, the earnest money shall be credited to Buyer at closing. If this Agreement terminates without default by Buyer, the earnest money shall be returned to Buyer. If Buyer defaults, Seller may retain the earnest money as liquidated damages (not a penalty) or pursue other remedies. Disposition shall be handled in accordance with Connecticut law and any applicable escrow instructions.

5. Property Condition Disclosure Report

Seller shall deliver to Buyer the completed Residential Property Condition Report required by CGS § 20-327b prior to Buyer executing this Agreement or any binding purchase offer. The report must be provided on the form prescribed by the Connecticut Department of Consumer Protection or substantially equivalent written form.

Buyer acknowledges receipt of the Property Condition Report on [[Disclosure Receipt Date]]. Buyer has three (3) calendar days after receipt (excluding the day of receipt) to rescind this Agreement by delivering written notice of rescission to Seller or Seller's agent. If Buyer rescinds timely, this Agreement shall be null and void and the earnest money shall be returned to Buyer.

If Seller fails to provide the required report, Seller shall credit Buyer with five hundred dollars ($500) at closing pursuant to CGS § 20-327c.

6. Financing Contingency

This Agreement is contingent upon Buyer obtaining a written mortgage loan commitment on or before [[Financing Contingency Deadline]] (the "Financing Deadline") in the amount of up to $[[Loan Amount]] (approximately [[Loan-to-Value Percent]] LTV) at an interest rate not to exceed [[Maximum Interest Rate]]% per annum for a term of [[Loan Term Years]] years.

Buyer shall apply for financing within [[Financing Application Deadline, e.g. 5 business days]] after the Effective Date and shall pursue such financing diligently and in good faith. If Buyer is unable to obtain a commitment meeting these terms through no fault of Buyer, Buyer may terminate this Agreement by written notice to Seller delivered on or before the Financing Deadline, and the earnest money shall be returned to Buyer. If Buyer fails to give timely notice, this contingency is waived.

7. Appraisal Contingency

This Agreement is contingent upon the Property appraising at or above the Purchase Price. The appraisal shall be completed by a licensed appraiser on or before [[Appraisal Deadline]]. If the appraised value is less than the Purchase Price, Buyer may (a) terminate and receive return of earnest money, (b) renegotiate the price, or (c) waive the contingency and proceed. Buyer shall deliver written notice of election within [[Appraisal Response Period, e.g. 3 business days]] after receipt of the appraisal.

8. Inspection and Due Diligence Contingency

Buyer shall have the right to conduct inspections of the Property, including but not limited to structural, mechanical, electrical, plumbing, roof, foundation, environmental, pest, and radon inspections, at Buyer's sole expense. Inspections shall be completed and any notice of termination delivered on or before [[Inspection Deadline]] ("Inspection Period").

Within the Inspection Period, Buyer may deliver written notice terminating this Agreement for any reason or no reason (or for specific defects), and the earnest money shall be returned to Buyer. If Buyer does not deliver timely termination notice, this contingency is waived. Buyer shall provide Seller copies of inspection reports upon request.

Seller shall provide reasonable access for inspections during normal business hours upon reasonable notice.

9. Title and Survey

Seller shall convey marketable title to the Property by warranty deed (or special warranty deed if customary in the area), free and clear of all liens, encumbrances, and defects except: (a) current real property taxes not yet due and payable; (b) easements, restrictions, and covenants of record that do not materially adversely affect use as a residence; (c) zoning ordinances; and (d) any other matters approved by Buyer in writing.

Buyer may obtain a title commitment and survey at Buyer's option and expense. Buyer shall notify Seller in writing of any title or survey objections within [[Title Objection Deadline]]. Seller shall have [[Title Cure Period, e.g. 10 days]] to cure or provide title insurance endorsement acceptable to Buyer. If Seller cannot cure, Buyer may terminate and receive return of earnest money.

10. Closing and Possession

Closing shall occur on or before [[Closing Date]] at the office of the Escrow Agent or such other location as the parties agree. At closing, Seller shall deliver the deed, keys, remote controls, codes, and all other items necessary to transfer possession. Possession shall be delivered to Buyer at closing, subject to any tenant rights disclosed in writing.

Prorations for taxes, assessments, rents, and utilities shall be made as of the closing date on a per diem basis using the latest available information, with final adjustment within thirty (30) days after closing if actual amounts differ.

11. Default and Remedies

If Buyer defaults, Seller may terminate this Agreement and retain the earnest money as liquidated damages, or pursue specific performance or other remedies available at law or equity.

If Seller defaults, Buyer may terminate and receive return of the earnest money plus reimbursement of documented out-of-pocket costs (not to exceed $[[Buyer Out of Pocket Cap]]), or pursue specific performance or other remedies.

12. Representations and Warranties

Seller represents that, to Seller's actual knowledge: (a) Seller has good and marketable title; (b) there are no pending or threatened legal proceedings affecting the Property except as disclosed; (c) Seller has not received notice of any violation of law or code that remains uncured; (d) the Property is not in a flood hazard area requiring flood insurance unless disclosed.

Buyer acknowledges that Buyer has conducted (or had the opportunity to conduct) independent inspections and is not relying on any representation not set forth in this Agreement.

13. Risk of Loss

Risk of loss or damage to the Property by fire or other casualty remains with Seller until closing. If the Property is materially damaged before closing, Buyer may terminate and receive return of earnest money, or proceed with an assignment of insurance proceeds and price adjustment.

14. Additional Contingencies

1. Sale of Buyer's current home (if applicable): This Agreement is contingent on Buyer closing on the sale of Buyer's current residence on or before [[Buyer's Home Sale Deadline]]. If Buyer cannot close that sale, Buyer may terminate and earnest money shall be returned.

2. HOA / Condominium documents (if applicable): If the Property is subject to a homeowners association or condominium, Seller shall deliver current governing documents, financial statements, and resale certificate (if required) within [[HOA Delivery Deadline]]. Buyer shall have [[HOA Review Period]] days after receipt to review and terminate if dissatisfied with material terms.

15. Miscellaneous Provisions

Governing Law. This Agreement shall be governed by the laws of the State of Connecticut. Any action shall be brought in the state or federal courts located in [[County]] County, Connecticut.

Entire Agreement. This Agreement, including any addenda and exhibits attached, constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, and agreements. It may be amended only by a written instrument signed by both parties.

Severability. If any provision is held invalid or unenforceable, the remaining provisions shall continue in full force.

Notices. All notices shall be in writing and deemed delivered when personally delivered, or three (3) days after mailing by certified mail, or one (1) business day after deposit with overnight courier, or upon confirmed email transmission (if permitted).

Time of Essence. Time is of the essence with respect to all dates and deadlines in this Agreement.

Attorney Review. The parties are advised that this is a legally binding contract. Each party should consult an attorney licensed in Connecticut before signing if they have questions about their rights or obligations.

Counterparts and Electronic Signatures. This Agreement may be executed in counterparts and by electronic signature, each of which shall be deemed an original.

16. Exhibits and Addenda

The following are attached and incorporated by reference:

• Exhibit A: Property Condition Disclosure Report (CGS § 20-327b)

• Exhibit B: Lead-Based Paint Disclosure and Pamphlet (if built before 1978)

• Exhibit C: Additional Disclosures or Addenda: [[List Additional Addenda or "None"]]

• Exhibit D: Move-In / Walk-Through Addendum (if agreed)

17. Signatures

SELLER

Signature: ______________________________ Date: ___________

Print Name: [[Seller Signatory Name]]

SELLER (if joint)

Signature: ______________________________ Date: ___________

Print Name: [[Seller Joint Signatory Name]]

BUYER

Signature: ______________________________ Date: ___________

Print Name: [[Buyer Signatory Name]]

BUYER (if joint)

Signature: ______________________________ Date: ___________

Print Name: [[Buyer Joint Signatory Name]], -

*Sample template for Connecticut, not legal advice. Statutory provisions cited are current as of 2026-06; verify against the current Connecticut General Statutes (CGS), any local ordinances, and obtain professional legal and title advice before use. Required disclosures and rescission rights must be observed exactly as written in law.*