Helping to facilitate the purchase of land with a legal contract between buyer and seller.

May be used to make an offer that helps establish terms for an agreement to transfer ownership of vacant land between buyer and seller.

Buying real estate involves a multitude of important legal considerations. This legal form is a binding agreement between buyer and seller for the sale and purchase of vacant land. The document addresses financial arrangements, delivery of necessary documents, inspections, possible interim damage, dates and deadlines and many other issues.

FIVE-PAGE FORM ALLOWS YOU TO:

• agree on the terms of sale of vacant land
• identify the property
• specify terms of purchase
• clarify how documents are to be delivered
• establish provision for occupancy
• announce location for closing
• address discrepancies in square footage
• limit changes to the property
• allow for inspection
• address state laws concerning fencing
• confirm possession of title
• establish conditions of default on agreement
• protect/disperse earnest money
• set deadlines and consequences for breaching terms
• address expectations regarding roads, power and sewage
• set terms for delivery of warranty deed
• keep a record of all contract provisions
• communicate in a clear, concise language
• have a standard form for multiple occurrences
• ensure consistent treatment of buyers and sellers

TERMS AND CONDITIONS COVERED:

• property identification
• deposit and purchase price
• delivery of documents
• occupancy date
• location of closing
• property size and surveys
• inspections
• interim damage to property
• fences
• deadlines
• evidence of title
• provisions for defaulting on the agreement
• earnest money
• warranties on property
• revoking the offer
• roads and utilities
• warranty deed delivery

Contents reviewed and approved by attorneys or industry experts