A legally binding, customizable,
Release Mutual Real Estate Agreement
template
This template gives you everything you need for a professional, customizable and legally binding Release Mutual Real Estate Agreement.
Release Mutual Real Estate Agreement: Quick Facts
When both buyer and seller want to cancel a real estate transaction and release each other from the purchase contract. Neither party pursues claims for damages, and both walk away without further obligations.
Both parties sign a mutual release agreement that cancels the purchase contract. Usually addresses how earnest money is handled, who pays for inspections already completed, and releases both sides from further obligations.
Depends on state law and the original purchase contract terms. Some states require notarization for real estate contract modifications. Check local requirements when using digital templates.