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ASE ANTERMINATION OF CONTRACT BY MUTUAL AGREEMENT WITH RELEASE OF EARNEST MONEY DEPOSIT(This form is designed for use by a buyer and seller who agree to terminate the Offer To Purchase and Contract (Standard Form 2-T) or the Offer To Purchase and Contra.
NOTE: This form is for use by Buyer to notify Seller that they are exercising a unilateral right to terminate an Offer to Purchase and Contract (Form 2-T). Use Form 351-T to unilaterally terminate an Offer to Purchase and Contract—Vacant Lot/Land (Form. 12-T).
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Form 201: Exclusive Buyer Agency Agreement. Please note: The brochure Questions and Answers on: Home Inspections mentioned on this form can be obtained from the North Carolina Real Estate Commission's Web site.
You need to be sure to terminate the contract in the correct way - using the correct form - in order to protect your client. According to the North Carolina Offer to Purchase and Contract, both the Buyer and Seller have the right to terminate the contract in certain instances “upon written notice” to the other party.
