HTML Preview Real Estate Cancellation Form page number 1.

DATE: _____________, 20______, at _____________________________________________________, California.

Items left blank or un checked are not ap pli ca ble.

FACTS:

1. This mutual cancellation and release agreement with waiver of rights pertains to the following agreement:

Purchase agreement

Exchange agreement

_______________________________________________

1.1 dated _____________, 20______, at _____________________________________________, California,

1.2 entered into by _________________________________________________________, as the Buyer, and

1.4 regarding real estate referred to as _________________________________________________________

_____________________________________________________________________________________.

1.5 Escrow Agent ___________________________________________ Escrow Number _______________

unknown, arising out of the above referenced agreement.

3. The real estate broker(s) and escrow agent(s) are hereby instructed to return all instruments and funds to

the parties depositing them.

4. Costs and fees to be disbursed and charged to

Seller, or Buyer.

______________________________________________________________________________________

______________________________________________________________________________________

5. The parties hereby waive any rights provided by Section 1542 of the California Civil Code, which provides:

“A general release does not extend to claims which the creditor does not know or suspect to exist in his or her

favor at the time of executing the release, which if known by him or her must have materially affected his or her

settlement with the debtor.”

I agree to the terms stated above.

See attached Signature Page Addendum. [ft Form 251]

Date: _____________, 20______

Buyer’s Name: ________________________________

Seller’s Name: _________________________________