Free Land Agreement Design Template
LAND AGREEMENT DESIGN
This Agreement is made and entered into on this [Date], by and between:
1. The Seller/Owner
Name: [Seller's Full Name]
Address: [Seller's Full Address]
Contact Information: [Phone Number, Email Address]
2. The Buyer
Name: [Buyer's Full Name]
Address: [Buyer's Full Address]
Contact Information: [Phone Number, Email Address]
Collectively referred to as the "Parties."
1. Description of the Property
The property subject to this agreement is described as follows:
Location: [Address or Plot Number]
Size: [Land Size in Acres or Square Feet]
Title Reference Number: [Document Number]
Other Details (if any): [Details like landmarks, zoning, utilities, etc.]
2. Purchase Price
The total purchase price for the property is [Amount in words and figures, e.g., $50,000 (Fifty Thousand Dollars)].
Payment Terms:
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Initial Deposit: [Amount and date of payment]
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Balance Payment: [Amount and due date]
3. Conditions Precedent
The agreement is contingent upon the following:
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Verification of the property title by the Buyer.
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Payment of applicable taxes and fees by the [Party responsible].
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Other conditions: [Specify other conditions, such as inspections, permits, etc.]
4. Transfer of Ownership
Ownership of the property will be transferred to the Buyer upon:
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Full payment of the purchase price.
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Execution of the relevant transfer documents.
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Registration with the appropriate land registration authority.
5. Representations and Warranties
The Seller represents and warrants that:
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They hold valid title to the property.
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The property is free from liens, encumbrances, or disputes.
The Buyer represents and warrants that:
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They will abide by all local regulations regarding land ownership.
6. Default
In the event of a breach of this agreement:
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If the Buyer defaults, the Seller may retain the deposit as liquidated damages.
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If the Seller defaults, the Buyer may seek a deposit refund or legal remedies.
7. Dispute Resolution
All disputes arising from this agreement will be resolved through:
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Negotiation between the Parties.
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[Specify method: Mediation/Arbitration/Court jurisdiction]
8. Miscellaneous
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Entire Agreement: This document is the entire agreement between the Parties.
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Amendments: Any changes must be in writing and signed by both Parties.
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Governing Law: This agreement is governed by [Jurisdiction/State/Country] laws.
Signatures
IN WITNESS WHEREOF, the Parties have executed this agreement on the date first above written.
Seller/Owner:
Signature: __________________________
Name: [Your Name]
Date: [Date]
Buyer:
Signature: __________________________
Name: [Printed Name]
Date: [Date]
Attachments
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Copy of Property Title.
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Proof of Deposit Payment.
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Any other relevant documents.
