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REAL ESTATE SALES CONTRACTNo.: *Seller: *Nationality: ChineseID Card No.:*Purchaser: *Nationality: ChineseID Card No.:*After amicable negotiation, the purchaser and the seller shall by procuration complete the transaction of the complete property right of the apartment located at No.301, * Road, Baiyun District, Guangzhou( hereafter short for the property). As the purchaser and the seller have agreed on all transaction conditions and the procurator have offered consulting and intermediary services of real estate, facilitating the transaction of the property, therefore, the three parties reach the following agreement: 1, The propertys construction area is 123.6116 (In case of any inconsistency, the property ownership certificate shall prevail) and it is sold to the purchaser under its existing circumstances. The purchaser or his authorized representative has had an overall check of the property and has expressed no objection. The existing circumstances mean that the apartment is equipped with furniture and electric appliances; which the purchaser buys together with the apartment. The seller is obliged to help the purchaser sign new leases with tenants.2, The purchaser and the seller agreed on the price of the property of RMB1,600,000. (More details for payment please see the attachment.) Any fees to pay relevant government departments for this transaction according to regulations shall be at the purchasers cost. Expenses on notarization of the purchaser and the sellers documents and counsel fees for dispute resolution shall be paid on their own. 3, The seller hold in due course the property ownership certificate (No.C4421214). The seller guarantees the complete ownership of the property, if he ever tries to conceal any important facts about this transaction of the property or he provides any false information, and if he has other dishonest acts, the seller shall compensate for all the loss of the purchaser or the procurator because of his behavior. 4, As the procurator has offered consulting and intermediary services to the purchaser and the seller, the purchaser shall pay the procurator RMB5,000 as the consulting and brokerage fee. The payment shall be completed by the time when this contract is signed.7, Whether the seller fails to hand over the property or the purchaser fails to complete the payment on due time shall be regarded as default. If the default party demands the contract be continued, he shall pay per day a milli of the total property prices to the observant party until the contract is performed. If the contract is not performed over 10 days after the due date, the observant party has the right to terminate the contract and the default party shall pay RMB 20,000 to the observant party as liquidated damages.12, If the purchaser or the seller fails to purchase or sell the property according to the contract provisions and causes abolishment of the contract, the default party shall pay RMB 5,000 to the procurator as liquidated damages.20, Other provisions the three parties have agreed on: 1, The front money (RMB 20,000) shall be paid to the seller on Jul. 14, 2009. 2, The down payment (RMB 1,080,000) shall be paid to the seller on the day when this contract is submitted.Seller: (signature/fingerprint) Purchaser: (signature/fingerprint) Procurator:(signature/fingerprint)Issued on Jul. 13, 2009.Attachment:The three parties agree on the payment method to follow the second type:2、Mortgage Paymenta, RMB 20,000 shall be paid as front money when this contract is signed.b, The down payment RMB1,080,000 shall be paid on or before the day when Guangzhou Real Estate Sales Contract is signed.c, The residual payment RMB 50,000 (bank loan) shall be allocated to the sellers account by the bank after the transaction and the mortgage registration are completed. The difference between the actual bank loan and the applied loan s
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