Land Sale Contract
LAND SALE CONTRACT
This Land Sale Contract (the "Contract") is made and entered into this [Date] (the "Effective Date") by and between [Your Name], with an address located at [Your Company Address] (hereinafter referred to as the "Seller"), and [Buyer's Name], with an address located at [Buyer's Address] (hereinafter referred to as the "Buyer"). Seller and Buyer may collectively be referred to as the "Parties."
1. DESCRIPTION OF THE PROPERTY
The property to be sold under this Contract is located at [Property Address], as legally described in Exhibit A attached hereto and incorporated by reference herein (the "Property").
2. PURCHASE PRICE
The total purchase price to be paid by the Buyer to the Seller for the Property is [Total Amount].
3. CLOSING
The closing date of the sale shall be on or before [Closing Date] or sooner by mutual agreement of the Parties (the "Closing Date").
4. DELIVERY OF DEED
Upon receipt of the Purchase Price on the Closing Date, Seller shall deliver to Buyer a duly executed and acknowledged general warranty deed conveying title to the Property.
5. Title and Ownership
Seller shall convey marketable title to the Property to Buyer, free and clear of all liens, encumbrances, and defects in title, subject only to easements, restrictions, and covenants of record.
6. INSPECTION AND DUE DILIGENCE
Buyer shall have [Inspection Period] days from the Effective Date to conduct any investigations, inspections, and due diligence regarding the Property.
7. DEFAULT
If either Party fails to perform any of the terms of this Contract, the non-defaulting Party has the right to pursue any remedies available under law.
8. GOVERNING LAW AND VENUE
This Contract shall be governed by and construed by the laws of the state of [Governing Law State].
9. ASSIGNMENT
Neither this Contract nor any of the rights, interests, or obligations under this Contract shall be assigned, in whole or in part, by either Party without the prior written consent of the other Party.
IN WITNESS WHEREOF, the Parties have executed this Land Sale Contract effective as of the date first above written.
[Your Name]
Seller
[Date Signed]
[Buyer's Name]
Buyer
[Date Signed]
