Free Ohio Land Purchase Agreement Template
Ohio Land Purchase Agreement
I. Agreement Overview
This Land Purchase Agreement (the "Agreement") is entered into on this 2nd day of January, 2050, by and between [Your Company Name], a company incorporated under the laws of the state of Ohio with its principal office located at [Your Company Address], represented by [Your Name], and GazeGuru, a company incorporated under the laws of the state of Ohio with its principal office located at Columbus, OH 43215, represented by Jean Harris.
This Agreement outlines the terms and conditions under which [Your Company Name] agrees to sell and GazeGuru agrees to purchase certain land, as described below, located in the state of Ohio.
II. Definitions and Purpose
1. Definitions
The following terms, as used in this Agreement, shall have the meanings set forth below:
-
"Property": The real property being sold under this Agreement, located in Ohio, as further described in Section III below.
-
"Closing Date": The date on which the transaction is completed and title to the Property is transferred to GazeGuru, as set forth in Section V.
2. Purpose of the Agreement
This Agreement is made to facilitate the purchase and sale of the Property between [Your Company Name] and GazeGuru.
III. Property Description
The Property to be sold under this Agreement is located at 1234 Oakwood Avenue, in the County of Franklin County, Ohio. The Property consists of approximately 10 acres of land and is described in greater detail in the attached legal description, which is incorporated herein by reference.
IV. Purchase Price and Payment
1. Purchase Price
The total purchase price for the Property shall be $500,000.00 dollars.
2. Payment Terms
The payment for the Property shall be made as follows:
-
A deposit of $50,000.00 dollars will be paid upon execution of this Agreement.
-
The balance of the purchase price, amounting to $450,000.00 dollars, will be paid on the Closing Date, subject to adjustments as described in this Agreement.
V. Closing and Transfer of Title
1. Closing Date
The closing of the sale of the Property (the "Closing") will take place on or before 30th day of April, 2050, unless otherwise mutually agreed upon by both parties in writing.
2. Transfer of Title
Upon the Closing, [Your Company Name] will transfer title to the Property to GazeGuru, free from any liens, encumbrances, or claims except as otherwise agreed upon in writing.
VI. Representations and Warranties
1. [Your Company Name]'s Representations
[Your Company Name] represents and warrants to GazeGuru the following:
-
[Your Company Name] has full legal authority to sell the Property.
-
The Property is free from any material defects, liens, or encumbrances except as disclosed in writing to GazeGuru.
2. GazeGuru's Representations
GazeGuru represents and warrants to [Your Company Name] the following:
-
GazeGuru has full legal authority to enter into this Agreement and purchase the Property.
-
GazeGuru has reviewed and approved the legal description and condition of the Property.
VII. Governing Law and Dispute Resolution
This Agreement shall be governed by and construed in accordance with the laws of the state of Ohio, without regard to its conflict of laws principles. In the event of any dispute arising from this Agreement, the parties agree to resolve the dispute through mediation and, if necessary, binding arbitration, conducted in the state of Ohio.
VIII. Signatures
Signatures of the Parties
This Agreement will be executed in two counterparts, each of which shall be deemed an original.
For [Your Company Name]:
Name: [Your Name]
Title: President
Date: 2nd January 2050
For GazeGuru:
Name: Jean Harris
Title: CEO
Date: 2nd January 2050
If you have any questions or need further assistance regarding this Agreement, please contact [Your Name] via email at [Your Email] or reach out to [Your Company Name] at [Your Company Email].
