Free Land Ownership Contract Template
LAND OWNERSHIP CONTRACT
This Land Ownership Contract (the "Contract") is made and entered into as of this day, the 4th of December, 2050, by and between Eyefusion, a company duly organized and existing under the laws of the State of Arizona, located at Phoenix, AZ 85001, and Jewell Ward, an individual, with a principal email address of jewell@you.mail, hereinafter referred to as "Client" or "Purchaser." Both parties agree to the terms outlined in this contract for the acquisition of land and the mutual responsibilities involved.
I. PARTIES
This section identifies the parties entering into this agreement.
1.1 Seller Information
The Seller is represented by [Your Name], acting on behalf of [Your Company Name], a company duly incorporated under the laws of the State of Arizona, having its principal office at [Your Company Address]. The Seller may be contacted through [Your Email] or by reaching [Your Company Email].
1.2 Purchaser Information
The Purchaser, herein referred to as Jewell Ward, is an individual whose principal address is Phoenix, AZ 85001, and can be reached at jewell@you.mail or by contacting inquire@eyefusion.mail.
II. DESCRIPTION OF THE PROPERTY
This section outlines the details of the land being transferred.
2.1 Property Location
The land subject to this agreement is located at 1234 West Valley Drive, Phoenix, AZ 85001, which is legally described as:
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Parcel Number: 015-34-567, Lot 15, Block B, Subdivision Name: Valley View Estates, according to the map or plat of record in the Maricopa County Recorder’s Office.
This property comprises 5.2 acres of land, including but not limited to the structures, improvements, and all rights associated with the land.
2.2 Title and Ownership
The Seller affirms that it is the sole owner of the property and has the full right to sell and transfer the title. The title is free from any encumbrances, liens, or legal disputes unless disclosed in this Contract.
III. TERMS OF SALE
This section outlines the price, payment terms, and conditions for the sale of the property.
3.1 Purchase Price
The total purchase price for the property is $500,000. The price is agreed upon by both parties as fair compensation for the land and associated rights.
3.2 Payment Terms
The Purchaser agrees to pay the Seller the sum of $50,000 as an initial deposit. The balance of the purchase price will be due on or before the 15th of January, 2051. Payments can be made via wire transfer, certified check, or bank draft.
3.3 Closing Date
The closing date for this transaction will be the 1st of February, 2051. The closing will take place at the office of the Seller's legal representative, or another mutually agreed-upon location.
IV. CLOSING PROCEDURES
This section outlines the procedures for completing the sale.
4.1 Transfer of Title
Upon receipt of full payment, the Seller shall execute a deed transferring title to the Purchaser. The Purchaser will take possession of the property upon the closing date.
4.2 Costs and Fees
Both parties agree to bear their own legal costs, including any due taxes, registration fees, and title transfer expenses incurred as part of this transaction.
V. REPRESENTATIONS AND WARRANTIES
This section outlines the representations made by both parties concerning the property.
5.1 Seller's Representations
The Seller represents that it has full legal authority to sell the property, and that no other party holds a claim to the title. The Seller also confirms that the property is free from all encumbrances unless otherwise noted in this agreement.
5.2 Purchaser’s Representations
The Purchaser confirms that they have the financial means to complete the purchase and acknowledges that they have conducted a satisfactory inspection of the property prior to this agreement.
VI. GOVERNING LAW AND DISPUTE RESOLUTION
This section sets forth the governing law for the agreement.
6.1 Governing Law
This agreement shall be governed by and construed in accordance with the laws of the State of Arizona, without regard to its conflicts of law provisions.
6.2 Dispute Resolution
In the event of a dispute, both parties agree to first attempt to resolve the matter through good faith negotiations. If the dispute remains unresolved, it shall be settled through binding arbitration in the State of Arizona.
VII. SIGNATURES
This section provides space for the signatures of both parties.
7.1 Seller’s Signature
By signing below, the Seller affirms that they agree to all the terms and conditions set forth in this agreement.
[Your Name]
Title: [Your Company Name]
Date: January 1, 2050
7.2 Purchaser’s Signature
By signing below, the Purchaser affirms that they agree to all the terms and conditions set forth in this agreement.
Jewell Ward
Title: Eyefusion
Date: January 1, 2050
