FREE 10+ Land Purchase and Sale Agreement Samples in MS Word | Google Docs | Apple Pages | PDF

In real estate, there are several important documents that the buyer and seller must have. One of which is a land purchase and sale agreement. This type of agreement is vital for the negotiation process and provides clear guidance to the parties involved in regards to large purchases, in this case, land or real estate. Before the agreement could be finalized, negotiations are often conducted since land purchases can be quite complicated at times, so it is expected that this could take several weeks to finalize. To learn more about this, let us discuss this further below. And if you need to prepare this type of agreement, check out our comprehensive land purchase and sale agreement samples that are available for download on this page.

In real estate, there are several important documents that the buyer and seller must have. One of which is a land purchase and sale agreement. This type of agreement is vital for the negotiation process and provides clear guidance to the parties involved in regards to large purchases, in this case, land or real estate. Before the agreement could be finalized, negotiations are often conducted since land purchases can be quite complicated at times, so it is expected that this could take several weeks to finalize. To learn more about this, let us discuss this further below. And if you need to prepare this type of agreement, check out our comprehensive land purchase and sale agreement samples that are available for download on this page.

10+ Land Purchase and Sale Agreement Samples

1. Land Purchase and Sale Agreement Template

2. Standard Land Purchase and Sale Agreement

3. Lot/Land Purchase and Sale Agreement

4. Leased Land Purchase and Sale Agreement

5. Vacant Land Buy and Sell Agreement

6. Vacant Land Purchase and Sale Agreement

7. Agreement for Purchase and Sale of Vacant Land

8. Sample Land Purchase and Sale Agreement

9. Business Vacant Land Purchase and Sale Agreement

10. Land Premises Purchase and Sale Agreement

11. Land Purchase and Sale Contract Agreement

What Is a Land Purchase and Sale Agreement?

A land purchase and sale agreement is a critical document since this serves as the basis for a property’s sale and would reflect on the seriousness and willingness of both parties to finalize by signing the agreement despite the cancellation policy. Such a document will contain detailed information between the buyer and the seller. This will record the negotiations initially made including the deposits agreed upon and notes part of the agreement that has been already been met.

How To Write a Land Purchase and Sale Agreement?

After the agreement has been signed by the parties, the parties involved will be busily engaged in a number of activities that will help complete the sale. Such activities are title search and transferability, inspections, financing and loan agreements, fund transfer, and lastly closing. Before you are able to do all of that you would need a solid and well-crafted land purchase and sale agreement to ensure that everything goes as planned and you have a serious commitment from the buyer or seller. Now, remember that every purchase and sale agreement may differ depending on the type of land or property that is being purchased, but it should contain the following elements that are common in this agreement.

I. Contact Information

The names and addresses of the seller and purchaser must be written in the agreement.

II. Purchase Price

The earnest money deposit, total purchase price, and terms in handling cancellations should be included in the contract.

III. Precondition to Parties Obligation

Such precondition may include the purchaser’s contingency period–this refers to the release date on or before which the buyer must notify the seller of any issues with the appraisal, property inspection terms and conditions, and termination.

IV. Contract Default

Include a list of provisions in the case one or both parties fail to meet the arrangements.

V. Closing

State the financial arrangement and stipulations for payment for closing costs, the manner of closing, prorations, and adjustments in terms of taxes and related interest and charges and title insurance.

VI. Other Covenants and Conditions

Include other important terms such as modification conditions, warranties, waiver, survival of covenants, and failure to close.

FAQs

One procedure when it comes to purchasing a piece of land or any large property would need negotiations in terms of price, limitations, and contingencies–this is why a land purchase and sale agreement is important. To make it easier for you to create this document don’t forget to download our free samples above.