Free Customary Land Purchase Agreement Template

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Free Customary Land Purchase Agreement Template

Customary Land Purchase Agreement

I. Introduction

This Customary Land Purchase Agreement ("Agreement") is made and entered into as of the 2nd day of January 2050, by and between [Your Company Name], with a principal place of business at [Your Company Address], and BlueLeaf, a company incorporated and registered under the laws of Florida, with a principal place of business located at Miami, FL 33101.

Both parties agree to the following terms and conditions for the purchase and sale of the land described below.

II. Property Description

The Seller agrees to sell and the Buyer agrees to purchase the following property located at 1234 Seaside Boulevard, Miami, FL 33101:

  • Property Name: Seaside Property

  • Parcel Number: 87654321

  • Size: 5 Acres

This property will be sold in "as-is" condition.

III. Purchase Price and Payment Terms

The total purchase price for the property is $500,000. The Buyer agrees to pay the purchase price under the following terms:

  • Deposit Amount: $50,000 paid within 10 days of signing the Agreement.

  • Balance Payment: The remaining balance of $450,000 will be paid by the Buyer no later than March 15, 2050.

The method of payment will be wire transfer.

IV. Closing

The closing of this transaction will take place on March 1, 2050, at the office of the Buyer, located at [Your Company Address], or such other place as the parties may mutually agree. At the closing, the Seller will transfer ownership of the property to the Buyer by delivering a deed of bargain and sale, duly executed and acknowledged.

V. Representations and Warranties

By the Seller:

The Seller represents and warrants that:

  1. The Seller has full right, title, and authority to sell the property.

  2. The property is free of any encumbrances, liens, or other restrictions, except as disclosed.

  3. There are no pending actions or proceedings affecting the property.

By the Buyer:

The Buyer represents and warrants that:

  1. The Buyer has the financial capacity to complete the purchase of the property.

  2. The Buyer will use the property in compliance with all applicable laws and regulations.

VI. Default and Termination

In the event of a default by either party, the non-defaulting party may terminate this Agreement with written notice to the defaulting party. In case of default by the Buyer, the Seller may retain any deposits made as liquidated damages. In case of default by the Seller, the Buyer may request a full refund of any payments made or seek specific performance.

VII. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of Florida. Both parties agree to resolve any disputes arising out of or in connection with this Agreement through mediation, and if necessary, litigation, in the courts of Florida.

VIII. Notices

All notices under this Agreement must be delivered in writing to the following addresses:

  • Buyer: [Your Name], [Your Company Name], [Your Company Address]

  • Seller: Lyda Fadel, BlueLeaf, Miami, FL 33101

All notices should be sent via email or certified mail and will be deemed effective upon receipt.

IX. Signatures

IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

Seller:

Lyda Fadel
Authorized Representative of BlueLeaf

Date: January 2, 2050

Buyer:

[Your Name]
Authorized Representative of [Your Company Name]

Date: January 2, 2050

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