Land With Structure Agreement For Sale Template

1. Introduction: An introductory section that identifies the parties involved in the agreement, namely the seller and the buyer, and provides a brief description of the property being sold.
2. Description of Property: Detailed description of the property being sold, including the legal description, address, size of the land, description of the structure(s), and any other relevant details.
3. Purchase Price: Specification of the purchase price for the property, including the total amount to be paid by the buyer, any terms regarding payment (e.g., deposit, installment payments), and adjustments for prorated taxes or other expenses.
4. Deposit: Amount of the deposit to be paid by the buyer upon signing the agreement, as well as provisions regarding the handling and disposition of the deposit in the event of default or cancellation.
5. Closing Date: The date on which the sale transaction will be finalized and ownership of the property will transfer from the seller to the buyer, including provisions for extensions or adjustments to the closing date.
6. Title and Encumbrances: Assurance of clear and marketable title to the property, free from any liens, encumbrances, or defects, as well as provisions for resolving any title issues or discrepancies.
7. Representations and Warranties: Statements made by the seller regarding the condition, quality, and ownership of the property, as well as any assurances regarding compliance with zoning regulations, building codes, or environmental laws.
8. Inspections and Due Diligence: Rights and obligations of the buyer to inspect the property and conduct due diligence investigations, including provisions for obtaining surveys, appraisals, environmental assessments, or other reports.
9. Closing Costs and Expenses: Allocation of closing costs and expenses associated with the sale transaction, including transfer taxes, recording fees, title insurance premiums, and any other costs payable by the buyer or seller.
10. Prorations: Adjustments for prorated expenses such as property taxes, homeowner association fees, utility bills, or other recurring charges, based on the closing date.
11. Risk of Loss: Allocation of risk of loss from the seller to the buyer, including provisions for damage or destruction of the property prior to closing and insurance requirements.
12. Indemnification and Liability: Allocation of responsibility for indemnifying against and limiting liability for losses, damages, or claims arising from the sale transaction, including indemnification for undisclosed defects or misrepresentations.
13. Governing Law and Jurisdiction: Specification of the jurisdiction whose laws will govern the interpretation and enforcement of the agreement, as well as the venue for resolving disputes.
14. Miscellaneous Provisions: Any additional terms or conditions relevant to the specific sale transaction, such as warranties, confidentiality clauses, or regulatory compliance.
15. Signatures: Signatures of authorized representatives of both the seller and the buyer, indicating their agreement to the terms and conditions outlined in the agreement.

It's important to note that while a Land with Structure Agreement for Sale Template provides a starting point for documenting the terms of the sale transaction, it should be customized to reflect the specific details and requirements of each transaction. Additionally, it's recommended to seek legal advice to ensure compliance with relevant laws and regulations and to address any potential legal or operational risks associated with the agreement.