Washington DC Residential Purchase and Sale Agreement

This Washington DC Residential Purchase and Sale Agreement (the "Agreement") is made and entered into as of [[Agreement Date]] by and between:

Seller: [[Seller Name]] ("Seller")

Buyer: [[Buyer Name]] ("Buyer")

Seller agrees to sell and Buyer agrees to purchase the real property described below upon the terms and conditions set forth herein.

1. Property The real property subject to this Agreement is located at:

[[Property Address]]

Washington, DC

Legal Description: [[Full Legal Description or "See attached Exhibit A"]]

Tax ID / Square and Lot: [[Square and Lot or Tax ID]]

Included personal property, fixtures, and appliances: [[List of Included Items or "All existing fixtures and appliances"]]

The Property is sold in its present condition ("as is") except as otherwise provided in this Agreement or required by law, including the Seller's obligation to deliver the Property in broom-clean condition at closing.

2. Purchase Price The total purchase price is [[Purchase Price]] (the "Purchase Price"), payable as follows:

• Earnest money deposit: [[Earnest Money Amount]] delivered to the Title Company / Escrow Agent within [[Earnest Money Deposit Days]] business days after mutual acceptance of this Agreement.
• Balance due at closing by wire transfer, certified check, or other immediately available funds acceptable to the settlement agent.

3. Earnest Money and Escrow The earnest money deposit shall be held by [[Title Company]] ("Escrow Agent" or "Title Company") in a non-interest-bearing escrow account unless otherwise required by law or agreed. The deposit shall be applied to the Purchase Price at closing or disbursed according to the terms of this Agreement or mutual written instructions of the parties. If this Agreement is terminated in accordance with its terms, the deposit shall be returned to Buyer or disbursed as provided herein.

4. Financing Contingency This Agreement is contingent upon Buyer obtaining a firm written commitment for a loan in an amount sufficient to complete the purchase on terms acceptable to Buyer. The financing contingency period is [[Financing Contingency]] days after the Agreement Date (or as otherwise specified). Buyer shall make good-faith application for financing promptly. If Buyer is unable to obtain financing despite good-faith efforts and timely notice, Buyer may terminate and the earnest money shall be returned, less any non-refundable fees agreed in writing.

5. Appraisal Contingency This Agreement is contingent upon the Property appraising at or above the Purchase Price. Buyer shall order the appraisal within a reasonable time. If the appraisal is lower than the Purchase Price, the parties may renegotiate or Buyer may terminate within the inspection or financing period (or a separate appraisal review period of [[Appraisal Review Days]] days after receipt of the appraisal report).

6. Inspection and Due Diligence Period Buyer shall have [[Inspection Period Days]] days after the Agreement Date (the "Inspection Period") to conduct all inspections, tests, and due diligence Buyer deems appropriate, including but not limited to structural, mechanical, electrical, plumbing, roof, pest, environmental, and radon inspections. Seller shall provide reasonable access during normal business hours. Buyer shall restore the Property to its prior condition after inspections. Buyer must deliver written notice of approval, request for repairs, or termination prior to the end of the Inspection Period. Failure to deliver timely notice constitutes waiver of the inspection contingency.

7. Title and Title Insurance Seller shall convey marketable fee simple title to the Property by special warranty deed (or general warranty deed if customary and agreed), free and clear of liens and encumbrances except current real property taxes not yet due, easements and restrictions of record that do not materially impair use, and any other matters approved by Buyer. Within [[Title Commitment Days]] days after acceptance, Seller shall order a title commitment from the Title Company. Buyer shall have [[Title Objection Period]] days after receipt of the title commitment and survey (if any) to object to title matters. Seller shall have a reasonable period to cure objections.

Buyer may obtain owner's title insurance and lender's policy at Buyer's expense through the Title Company.

8. Seller's Property Condition Disclosure Pursuant to DC Code § 42-1302, Seller shall deliver to Buyer a completed Seller's Property Condition Disclosure Statement (or equivalent form) within [[Disclosure Delivery Days]] days after mutual acceptance of this Agreement, or as otherwise required by law. The disclosure shall describe the condition of the Property and any known material defects. Buyer acknowledges that the disclosure is not a warranty and that Buyer has the right to conduct independent inspections.

9. Tenant Opportunity to Purchase Act (TOPA) Notice (If Applicable) If the Property is currently used as rental housing with one or more tenants in possession, DC's Tenant Opportunity to Purchase Act (TOPA, DC Code § 42-3404.02) may apply. Seller represents and warrants:

• [ ] The Property is not currently rented / no tenants in possession.
• [ ] The Property is rented; Seller has provided or will provide the required written notice of intent to sell or transfer to all tenants as required by TOPA before or concurrent with marketing or contracting for sale. Buyer acknowledges receipt or waiver of any TOPA rights as applicable.

If TOPA rights have been properly noticed and expired or waived, Seller shall provide evidence to Buyer prior to closing. New multifamily buildings may have exemptions under recent legislation; Seller shall disclose any applicable exemption status.

10. Transfer Taxes and Closing Costs District of Columbia transfer taxes (recordation tax) are payable on the sale. Current rates (subject to change): 1.1% of consideration for each party (Buyer and Seller) on the portion of the Purchase Price up to $400,000; 1.45% on the portion above $400,000. Each party shall pay their respective share unless otherwise agreed. Other closing costs (title insurance, escrow fees, recording, prorations) shall be allocated according to local custom or as agreed in this Agreement or addenda.

11. Closing and Possession Closing shall take place on or before [[Closing Date]] ("Closing Date") at the offices of the Title Company or such other location as the parties agree. Possession shall be delivered to Buyer at closing or on [[Possession Date]] at [[Possession Time]], with the Property vacant, broom clean, and in the same condition as of the Agreement Date, reasonable wear and tear excepted, all debris and personal property of Seller removed (except items included in the sale).

12. Prorations Real property taxes, HOA fees (if any), rents, utilities, and other items shall be prorated as of the Closing Date on a per diem basis using a 365-day year or 30-day month as customary in the District.

13. Default and Remedies If Buyer defaults, Seller may terminate and retain the earnest money as liquidated damages (not a penalty), or pursue other remedies available at law or equity. If Seller defaults, Buyer may terminate and receive return of the deposit plus reimbursement of reasonable out-of-pocket costs, or seek specific performance or other remedies.

14. Representations and Warranties Seller represents that Seller has the authority to sell the Property and that, to Seller's actual knowledge (except as disclosed), there are no pending or threatened legal proceedings affecting the Property, no known violations of law or code that have not been corrected, and no hazardous materials requiring remediation other than as disclosed. Buyer acknowledges that Buyer is purchasing based on Buyer's own inspection and not in reliance on any representation not set forth in this Agreement or the disclosure statement.

15. Risk of Loss Risk of loss or damage to the Property prior to closing remains with Seller. If the Property is materially damaged before closing, Buyer may terminate and receive return of deposit or proceed with closing and receive assignment of insurance proceeds.

16. Brokerage Each party represents that they have dealt with the broker(s) identified in any separate agreement or disclosure. Commissions are payable only as provided in separate written agreements.

17. Governing Law and Venue This Agreement shall be governed by and construed in accordance with the laws of the District of Columbia. Any action arising under this Agreement shall be brought in the Superior Court of the District of Columbia.

18. Entire Agreement; Amendments; Counterparts This Agreement, including exhibits and addenda, constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, and agreements. It may be amended only by a writing signed by both parties. This Agreement may be executed in counterparts and by electronic signature, each of which shall be deemed an original.

19. Severability and Waiver If any provision is held invalid or unenforceable, the remaining provisions shall continue in full force. No waiver of any breach shall constitute a waiver of any other or subsequent breach.

20. Time of Essence; Notices Time is of the essence. All notices under this Agreement shall be in writing and delivered by personal delivery, overnight courier, or email with read receipt to the addresses set forth above or such other address as a party may designate in writing.

21. Addenda and Exhibits The following are attached and incorporated by reference: - Exhibit A: Legal Description (if separate) - Exhibit B: Seller's Property Condition Disclosure Statement - Exhibit C: Lead-Based Paint Disclosure and Pamphlet (if Property built before 1978) - Additional Addenda: [[Additional Addenda or "None"]]

22. Signatures

SELLER

[[Seller Name]]

Signature: _______________________________ Date: [[Agreement Date]]

Printed Name: [[Seller Name]]

BUYER

[[Buyer Name]]

Signature: _______________________________ Date: [[Agreement Date]]

Printed Name: [[Buyer Name]], -

Disclaimer and Sources (as of June 2026)

This is a template document for use in AI workflow demonstrations. It is not legal advice, does not constitute a contract, and must be reviewed and customized by the parties and their counsel. All statutory references, tax rates, disclosure requirements, and procedures are subject to change. Verify current law with the District of Columbia Department of Housing and Community Development (DHCD), the Office of Tax and Revenue (OTR), a licensed title company, and qualified real estate counsel before signing or relying on any form.

Key DC Legal References:
- DC Code § 42-1302 (Seller's Property Condition Disclosure)
- DC Code § 42-3404.02 (Tenant Opportunity to Purchase Act, TOPA)
- DC transfer tax provisions (D.C. Code § 42-1101 et seq. and related)
- Lead-based paint disclosure requirements (federal and local)
- Superior Court rules for real property transactions

Information current as of June 2026. Consult primary sources and professionals for the transaction at hand.

23. Attorney Review (Optional) If either party elects attorney review, this Agreement is contingent upon review and approval by that party's attorney within [[Attorney Review Period]] business days after the Agreement Date. If no objection is delivered in writing within the review period, the contingency is waived.

24. Condominium / Cooperative / HOA Disclosures (If Applicable) If the Property is a condominium, cooperative, or subject to a homeowners association, Seller shall deliver all required governing documents, resale certificates, financial statements, and meeting minutes within the time required by DC law and the governing documents. Buyer shall have [[HOA Review Period]] days after receipt to review and terminate if not satisfied.

25. Foreign Investment in Real Property Tax Act (FIRPTA) Seller represents that Seller is not a foreign person for purposes of FIRPTA (26 U.S.C. § 1445) or will provide the required affidavit and withholding certificate at closing. If Seller is a foreign person, the appropriate withholding shall be handled by the Title Company.

Additional Notes on Execution:
Buyer and Seller are advised to initial all pages, retain fully executed copies, and ensure that any addenda or counteroffers are attached and referenced. The Title Company will typically prepare the settlement statement (Closing Disclosure under TRID if financed) and handle recording of the deed and security instruments.