Real Estate Contract for Sale of Vacant Land

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This Real Estate Contract for Sale of Vacant Land is between the buyer and seller of vacant land without improvements. This contract sets out the terms including the purchase price and detailed legal description of the land.

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This Contract for Sale of Vacant Land is between the seller and a purchaser of vacant land. This contract sets forth the price the buyer will pay and method of payment. It also sets forth that seller has the legal right to sell the land, how title will be conveyed and remedies in the event the purchaser fails to perform under this contract. It is imperative that this contract be memorialized in writing and not via oral agreement. A written Contract for Sale of Vacant Land will be invaluable in the event there are future disagreements or misunderstandings about the ownership of the vacant land.

This Contract for Sale of Vacant Land includes the following:
  • Date/Parties: Sets out the names of the buyer and seller and date the agreement was signed;
  • Property Description: Complete legal description of the vacant land being sold;
  • Purchase Price: Sets forth the purchase price of the land and how it will be paid (cash or installment payments);
  • Ownership: Seller warrants that it has the absolute right to sell the vacant land and will continue to hold all ownership until the land is paid for in full;
  • Breach: If the seller defaults in any terms of this agreement, the buyer has the right to terminate the agreement and have all payments refunded;
  • Signatures: Both parties must sign this contract for sale.

Protect your rights and your property by purchasing this attorney-prepared form.

This attorney-prepared package includes:
  1. General Information
  2. Instructions and Checklist
  3. Contract for Sale of Vacant Land
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.











Contract for Sale
Vacant Land










This Packet Includes:
1.  General Information
2.  Instructions and Checklist
3.  Contract for Sale of Vacant Land











General Information
Contract for Sale of Vacant Land  

This Contract for Sale of Vacant Land is between a seller and a purchaser of vacant land.  This contract sets forth the purchase price for the land and how this amount will be paid.  It also sets forth that the seller is the owner of the vacant land, how title in and to the land will be conveyed and remedies in the event the purchaser fails to perform under this contract.  

A savvy property buyer will insist that this type of contract arrangement be clearly set forth in writing.  A written Contract for Sale of Vacant Land will prove beneficial in the event there are disagreements or misunderstandings regarding the purchase of the vacant land.  

  



Instructions and Checklist


Contract for Purchase of Vacant Land

   The parties should read the document carefully.

   Insert all requested information in the spaces provided on the form.

     This form contains the basic terms and language that should be included in similar agreements.   

     This purchase contract must be signed by both the buyer and the seller.

   The parties should retain either an original or copy of the signed contract for purchase.

   All legal documents should be kept in a safe location such as a fireproof safe or safe deposit box.  




   




DISCLAIMER:

FindLegalForms, Inc. (“FLF”) is not a law firm and does not provide legal advice. The use of these materials is not a substitute for legal advice. Only an attorney can provide legal advice.  An attorney should be consulted for all serious legal matters.  No Attorney-Client relationship is created by use of these materials.  
THESE MATERIALS ARE PROVIDED “AS-IS.  FLF DOES NOT GIVE ANY EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, SUITABILITY OR COMPLETENESS FOR ANY OF THE MATERIALS FOR YOUR PARTICULAR NEEDS.  THE MATERIALS ARE USED AT YOUR OWN RISK.  IN NO EVENT WILL:  I) FLF, ITS AGENTS, PARTNERS, OR AFFILIATES; OR II) THE PROVIDERS, AUTHORS OR PUBLISHERS OF ITS MATERIALS, BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATE OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER USED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THESE MATERIALS. 


CONTRACT FOR SALE
VACANT LAND

This Contract for Sale  Vacant Land (“Agreement”) is made on ____ day of _______, 2012, at ___________________

Between:
________________________________ (“Seller”)

and
________________________________ (“Buyer”)


WHEREAS, the Seller is the exclusive owner of the vacant land as described in Clause 1 below in the Agreement and he has absolute right to dispose of the same in the manner he wishes;

WHEREAS, the Seller is in need of funds in order to meet his personal commitments and family expenses and has decided to sell the land and the Buyer is willing to purchase the land for the price quoted in Clause 2 of the Agreement.

W I T N E S S E T H:

1.   Property Description: The property referred in this Agreement is a vacant land measuring __________, situated at ______________.  The land is ____ years old and was commercial land earlier.

2.   The land is priced at a non-negotiable price of $______.  The payment shall be done through _____ and the initial cash down amount will be $______.  The cash down amount will be paid ___ days in advance before the commencement of the Agreement. The balance amount will be paid through installments before 5th of every month.

3.   The Seller represents and warrants that the Seller is the absolute owner of the land and has not done anything or knowingly suffered anything whereby his right and power to sell to the Buyer the property specified in the Agreement.  The Seller further acknowledges that there are no subsisting agreement or arrangement to sell or otherwise for the said Property or any part thereof with anyone else and they have not executed any Power of Attorney in favor of any third party to deal with the said Property or any part thereof.

4.   The Seller shall hold and retain all the ownership rights and the title to the land until the full payment is made.  However, upon receipt of the amount as specified in Clause 2 above, the Seller shall execute and deliver to the Buyer, all the relevant documents, in recordable form, so as to convey an absolute title to the land specified in Clause 2 above, free and clear of all encumbrances except as to those set forth in this Agreement.  Seller shall pay all transfer tax due as a result of the sale of the land.

5.   The Seller undertake and declare that there are no pending liabilities, liens, charges or encumbrances with regard to the Land including any government dues, which would affect the title of the Seller for the Land and that the Seller have paid all the taxes, fees, dues etc. to various authorities concerned till the date of execution of this Agreement to sell and shall continue to pay till the date of registration of the Agreement.

6.   The Buyer covenants that the Buyer will be solely responsible for any tax and/or other expense from the date of acceptance of the Land.

7.   In the event the Seller defaults or breaches any provision of this Agreement, the Buyer has the right to terminate this Agreement and claim back the payments which the Seller has received from the Buyer. In the event the Buyer defaults or breaches this Agreement, the Seller has the right to confiscate all the payments under Clause 2, terminate this Agreement, and claim damages.

8.   Neither this Agreement nor the rights or obligations hereunder shall be assigned or delegated, in whole or in part to any other third party or entity without the prior written consent thereto of the other party. However, the Buyer shall at its discretion be entitled to call upon the Seller to execute the Agreement in favor of any of its affiliates or nominees.  However the parties affirm that the mutual rights and obligation under this Agreement shall at all times remain that of the parties to this Agreement.

9.   If the sale is not completed within ____ months from the date of this Agreement for no act or omission or default on the part of the Seller, the Buyer shall pay interest to the Seller on the purchase amount at the rate of _______ % per annum from the date of expiration of the period of six months till the date of completion of the sale on the purchase price payable by it.

10.   In the event of a natural disaster, force majeure, or any other accident beyond the control of the parties damages the Land before title to the Land is duly transferred to the Buyer pursuant to this Agreement, Seller shall assume the entire risk from such disaster, force majeure or accident.

11.   This Agreement, along with the Exhibits attached hereto, contains the entire understanding of the parties with respect to the subject matter contained herein, and supersedes all prior understandings and agreements, whether written or oral, of the parties related to the purchase of the Land, as set forth herein. There are no restrictions, promises, covenants, or understandings other than those expressly set forth herein, and no rights or duties on the part of either party are to be implied or inferred beyond those expressly provided for herein. The parties hereto may, from time to time during the term of this Agreement, modify, vary, or alter any of the provisions of this Agreement but only by written agreement duly executed by the parties.

12.   No waiver by either party of any breach of this Agreement, no matter how long continuing or how often repeated, shall be deemed a waiver of any subsequent breach thereof, nor shall any delay or omission on the part of either party to exercise any right, power, or privilege hereunder be deemed a waiver of such right, power, or privilege.

13.   If any provision of this Agreement is held unenforceable or in conflict with the law of any jurisdiction, the validity of the remaining provisions shall not be affected by such holding. The parties agree to negotiate and amend in good faith such provision in a manner consistent with the intentions of the parties as expressed in the Agreement if any invalid or unenforceable provision affects the consideration of either party.

14.   The interpretation of this Agreement shall in accordance with the laws of State of _________, without regard to its choice of law rules.  All disputes or controversies arising under this Agreement or connected with this Agreement, its interpretation, performance, or termination shall be settled before ______________ Court.

IN WITNESS WHEREOF the parties hereto have caused this Agreement to be executed in two copies by their duly authorized representatives as of the date first written.


SELLER By: ___________________________       Name

BUYER
By: _____________________________       Name







Number of Pages7
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#43595
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.











Contract for Sale
Vacant Land










This Packet Includes:
1.  General Information
2.  Instructions and Checklist
3.  Contract for Sale of Vacant Land











General Information
Contract for Sale of Vacant Land  

This Contract for Sale of Vacant Land is between a seller and a purchaser of vacant land.  This contract sets forth the purchase price for the land and how this amount will be paid.  It also sets forth that the seller is the owner of the vacant land, how title in and to the land will be conveyed and remedies in the event the purchaser fails to perform under this contract.  

A savvy property buyer will insist that this type of contract arrangement be clearly set forth in writing.  A written Contract for Sale of Vacant Land will prove beneficial in the event there are disagreements or misunderstandings regarding the purchase of the vacant land.  

  



Instructions and Checklist


Contract for Purchase of Vacant Land

   The parties should read the document carefully.

   Insert all requested information in the spaces provided on the form.

     This form contains the basic terms and language that should be included in similar agreements.   

     This purchase contract must be signed by both the buyer and the seller.

   The parties should retain either an original or copy of the signed contract for purchase.

   All legal documents should be kept in a safe location such as a fireproof safe or safe deposit box.  




   




DISCLAIMER:

FindLegalForms, Inc. (“FLF”) is not a law firm and does not provide legal advice. The use of these materials is not a substitute for legal advice. Only an attorney can provide legal advice.  An attorney should be consulted for all serious legal matters.  No Attorney-Client relationship is created by use of these materials.  
THESE MATERIALS ARE PROVIDED “AS-IS.  FLF DOES NOT GIVE ANY EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, SUITABILITY OR COMPLETENESS FOR ANY OF THE MATERIALS FOR YOUR PARTICULAR NEEDS.  THE MATERIALS ARE USED AT YOUR OWN RISK.  IN NO EVENT WILL:  I) FLF, ITS AGENTS, PARTNERS, OR AFFILIATES; OR II) THE PROVIDERS, AUTHORS OR PUBLISHERS OF ITS MATERIALS, BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATE OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER USED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THESE MATERIALS. 


CONTRACT FOR SALE
VACANT LAND

This Contract for Sale  Vacant Land (“Agreement”) is made on ____ day of _______, 2012, at ___________________

Between:
________________________________ (“Seller”)

and
________________________________ (“Buyer”)


WHEREAS, the Seller is the exclusive owner of the vacant land as described in Clause 1 below in the Agreement and he has absolute right to dispose of the same in the manner he wishes;

WHEREAS, the Seller is in need of funds in order to meet his personal commitments and family expenses and has decided to sell the land and the Buyer is willing to purchase the land for the price quoted in Clause 2 of the Agreement.

W I T N E S S E T H:

1.   Property Description: The property referred in this Agreement is a vacant land measuring __________, situated at ______________.  The land is ____ years old and was commercial land earlier.

2.   The land is priced at a non-negotiable price of $______.  The payment shall be done through _____ and the initial cash down amount will be $______.  The cash down amount will be paid ___ days in advance before the commencement of the Agreement. The balance amount will be paid through installments before 5th of every month.

3.   The Seller represents and warrants that the Seller is the absolute owner of the land and has not done anything or knowingly suffered anything whereby his right and power to sell to the Buyer the property specified in the Agreement.  The Seller further acknowledges that there are no subsisting agreement or arrangement to sell or otherwise for the said Property or any part thereof with anyone else and they have not executed any Power of Attorney in favor of any third party to deal with the said Property or any part thereof.

4.   The Seller shall hold and retain all the ownership rights and the title to the land until the full payment is made.  However, upon receipt of the amount as specified in Clause 2 above, the Seller shall execute and deliver to the Buyer, all the relevant documents, in recordable form, so as to convey an absolute title to the land specified in Clause 2 above, free and clear of all encumbrances except as to those set forth in this Agreement.  Seller shall pay all transfer tax due as a result of the sale of the land.

5.   The Seller undertake and declare that there are no pending liabilities, liens, charges or encumbrances with regard to the Land including any government dues, which would affect the title of the Seller for the Land and that the Seller have paid all the taxes, fees, dues etc. to various authorities concerned till the date of execution of this Agreement to sell and shall continue to pay till the date of registration of the Agreement.

6.   The Buyer covenants that the Buyer will be solely responsible for any tax and/or other expense from the date of acceptance of the Land.

7.   In the event the Seller defaults or breaches any provision of this Agreement, the Buyer has the right to terminate this Agreement and claim back the payments which the Seller has received from the Buyer. In the event the Buyer defaults or breaches this Agreement, the Seller has the right to confiscate all the payments under Clause 2, terminate this Agreement, and claim damages.

8.   Neither this Agreement nor the rights or obligations hereunder shall be assigned or delegated, in whole or in part to any other third party or entity without the prior written consent thereto of the other party. However, the Buyer shall at its discretion be entitled to call upon the Seller to execute the Agreement in favor of any of its affiliates or nominees.  However the parties affirm that the mutual rights and obligation under this Agreement shall at all times remain that of the parties to this Agreement.

9.   If the sale is not completed within ____ months from the date of this Agreement for no act or omission or default on the part of the Seller, the Buyer shall pay interest to the Seller on the purchase amount at the rate of _______ % per annum from the date of expiration of the period of six months till the date of completion of the sale on the purchase price payable by it.

10.   In the event of a natural disaster, force majeure, or any other accident beyond the control of the parties damages the Land before title to the Land is duly transferred to the Buyer pursuant to this Agreement, Seller shall assume the entire risk from such disaster, force majeure or accident.

11.   This Agreement, along with the Exhibits attached hereto, contains the entire understanding of the parties with respect to the subject matter contained herein, and supersedes all prior understandings and agreements, whether written or oral, of the parties related to the purchase of the Land, as set forth herein. There are no restrictions, promises, covenants, or understandings other than those expressly set forth herein, and no rights or duties on the part of either party are to be implied or inferred beyond those expressly provided for herein. The parties hereto may, from time to time during the term of this Agreement, modify, vary, or alter any of the provisions of this Agreement but only by written agreement duly executed by the parties.

12.   No waiver by either party of any breach of this Agreement, no matter how long continuing or how often repeated, shall be deemed a waiver of any subsequent breach thereof, nor shall any delay or omission on the part of either party to exercise any right, power, or privilege hereunder be deemed a waiver of such right, power, or privilege.

13.   If any provision of this Agreement is held unenforceable or in conflict with the law of any jurisdiction, the validity of the remaining provisions shall not be affected by such holding. The parties agree to negotiate and amend in good faith such provision in a manner consistent with the intentions of the parties as expressed in the Agreement if any invalid or unenforceable provision affects the consideration of either party.

14.   The interpretation of this Agreement shall in accordance with the laws of State of _________, without regard to its choice of law rules.  All disputes or controversies arising under this Agreement or connected with this Agreement, its interpretation, performance, or termination shall be settled before ______________ Court.

IN WITNESS WHEREOF the parties hereto have caused this Agreement to be executed in two copies by their duly authorized representatives as of the date first written.


SELLER By: ___________________________       Name

BUYER
By: _____________________________       Name







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