If you are considering buying or selling a piece of land, you will need to have a sale agreement in place. A sale agreement is a legal document that outlines the terms and conditions of the sale, including the purchase price, payment terms, and other important details. In this article, we will provide you with a sample sale agreement for land that you can use as a reference.

Sale Agreement for Land

This sale agreement for land (the « Agreement ») is made and entered into on ___________ (the « Effective Date »), by and between ___________ (the « Seller »), and ___________ (the « Buyer »). The Seller and Buyer may collectively be referred to as the « Parties. »

Sale of Property

The Seller agrees to sell, and the Buyer agrees to purchase, the property located at ___________ (the « Property »), on the terms and conditions set forth in this Agreement.

Purchase Price

The purchase price for the Property shall be ___________ dollars ($___________). The Buyer shall pay the purchase price to the Seller by wire transfer or certified check at the closing of the sale.

Closing

The closing of the sale shall take place on ___________ (the « Closing Date »), or such other date as the Parties may agree upon in writing. The Buyer shall be responsible for all costs and expenses associated with the closing of the sale, including any title insurance premiums, recording fees, and transfer taxes.

Title and Survey

The Seller shall convey to the Buyer marketable title, free and clear of all liens, claims, and encumbrances, except as otherwise expressly provided in this Agreement. The Buyer shall have the right to conduct a survey of the Property at their own expense.

Representations and Warranties

The Seller represents and warrants to the Buyer that:

– The Seller has good and marketable title to the Property, free and clear of all liens, claims, and encumbrances, except as otherwise expressly provided in this Agreement.

– The Seller has the legal authority to sell the Property.

– The Seller has not received any notice of any pending or threatened litigation or other legal proceeding that would affect the Seller`s ability to convey good and marketable title to the Property.

– The Property is in compliance with all applicable zoning and land use laws.

Indemnification

The Parties agree to indemnify and hold harmless each other from any and all claims, damages, liabilities, and expenses arising out of or in connection with any breach of this Agreement by the other Party.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the state of ___________, without giving effect to any choice or conflict of law provision or rule.

Entire Agreement

This Agreement contains the entire understanding and agreement between the Parties with respect to the sale of the Property, and supersedes all prior negotiations, understandings, and agreements between the Parties relating to the subject matter of this Agreement.

Conclusion

A sale agreement for land is a crucial document in the process of buying or selling a piece of land. It protects both parties by outlining the terms and conditions of the sale, and can help prevent any misunderstandings or disputes that may arise. We hope that this sample sale agreement for land will be helpful to you as you navigate the process of buying or selling property.