Which contract must disclose all leases affecting a property subject to a purchase contract?

The appropriate contract that must disclose all leases affecting a property subject to a purchase contract is the Real Estate Purchase Contract. This contract serves as the foundational document between a buyer and seller regarding the sale of real estate. It is critical to outline any existing leases because they can impact the buyer's rights and the use of the property after the sale. For example, if a property has tenants currently residing under a lease, the new owner will typically need to honor those leases unless specified otherwise in the purchase agreement.

Transparency about existing leases is essential for the buyer to fully understand their potential obligations and the property's cash flow situation before finalizing the transaction. This disclosure helps avoid future legal disputes and ensures that both parties are aware of any conditions tied to the property, enabling informed decision-making during the transaction process.

The other contracts mentioned, such as the Residential Lease Contract and Commercial Lease Contract, pertain to specific types of rental agreements between landlords and tenants, while the Property Management Agreement typically governs the relationship between a property owner and the property management company. These do not serve the same role in disclosing leases in relation to the sale of property, which is why the Real Estate Purchase Contract is the most relevant in this context.