This form was created by the Oklahoma Real Estate Contract Form Committee and approved by the Oklahoma Real Estate Commission.
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OREC NOTICE OF CANCELLATION (11-2014)
OKLAHOMA REAL ESTATE COMMISSION
This is a legally binding Contract; if not understood seek advice from an attorney.
NOTICE OF CANCELLATION
OF OKLAHOMA UNIFORM CONTRACT OF SALE OF REAL ESTATE
Property Address:_____________________________________________________________________________
BUYER’S NOTICE OF CANCELLATION AS OF THE DATE SIGNED BELOW
As provided in the Treatment, Repairs, Replacements and Reviews Paragraph of the Contract, Buyer’s investigations,
inspections and reviews are unsatisfactory. (Do not check this box if Conditional Cancellation is checked below).
As provided in the Title Evidence Paragraph of the Contract, due to Failure of Seller to Cure Title Objections.
As provided in the Breach and Failure to Close by Seller Paragraph of the Contract.
As provided in the Financing Supplement, the Property appraised for less than the purchase price.
As provided in the Financing Supplement, the loan terms were unobtainable, or the loan terms are unacceptable.
As provided in the Financing Supplement, the Buyer is unable to secure nal nancing after having obtained
conditional loan approval.
As provided in the Additional Provisions in the Contract or a Supplement.
__________________________________________ __________________________________________
Buyer’s Signature Date Buyer’s Signature Date
SELLER’S NOTICE OF CANCELLATION AS OF THE DATE SIGNED BELOW
As provided in the Breach and Failure to Close By Buyer Paragraph of the Contract.
As provided in the Financing Supplement, the Seller was not provided written notice of loan approval within time specied.
__________________________________________ __________________________________________
Seller’s Signature Date Seller’s Signature Date
BUYER’S CONDITIONAL CANCELLATION
In reference to the Investigations, Inspections and Reviews Paragraph, the Contract is cancelled unless the time
period for inspections is extended to ___________________, 20_____. Seller shall provide written notice below
extending said time period for the Contract to continue in full force and effect.
__________________________________________ __________________________________________
Buyer’s Signature Date Buyer’s Signature Date
Seller agrees to the above stated extension.
__________________________________________ __________________________________________
Seller’s Signature Date Seller’s Signature Date
