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For Sale By Owner Vacant Land Purchase Agreement
"I need a For Sale By Owner Vacant Land Purchase Agreement for a 5-acre agricultural plot in Idaho, with specific provisions for water rights and mineral rights retention, planned closing date March 15, 2025."
1. Parties: Identification of seller and buyer with full legal names and addresses
2. Background: Context of the sale and basic property information
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed legal description of the vacant land including boundaries and parcel numbers
5. Purchase Price: Agreed price and payment terms
6. Closing: Closing date, location, and requirements
7. Title: Title requirements and transfer provisions
1. Mineral Rights: Section detailing the ownership and transfer of rights to subsurface minerals - used when mineral rights are being retained or specifically transferred
2. Water Rights: Section specifying rights to water sources on or adjacent to property - particularly important in regions where water rights are separable from land ownership
3. Environmental Conditions: Section outlining known environmental issues, requirements, or special conditions - included when property has specific environmental concerns
1. Property Survey: Detailed survey showing property boundaries and features
2. Title Report: Current title report showing ownership and encumbrances
3. Environmental Reports: Any environmental assessments or reports
4. Zoning Documentation: Current zoning status and restrictions
Authors
Buyer
Seller
Property
Closing
Closing Date
Earnest Money
Effective Date
Encumbrances
Environmental Laws
Hazardous Materials
Legal Description
Mineral Rights
Permitted Exceptions
Purchase Price
Survey
Title Commitment
Title Company
Title Insurance
Title Policy
Water Rights
Zoning Laws
Due Diligence Period
Escrow Agent
Force Majeure
Governing Law
Property Documents
Real Property Taxes
Recording Fees
Transfer Taxes
Purchase Price
Payment Terms
Earnest Money
Due Diligence
Title and Survey
Representations and Warranties
Conditions Precedent
Closing Conditions
Closing Costs
Property Access
Environmental Matters
Default and Remedies
Risk of Loss
Property Condition
Assignment
Notices
Governing Law
Dispute Resolution
Force Majeure
Severability
Entire Agreement
Amendment
Waiver
Mineral Rights
Water Rights
Easements
Property Taxes
Indemnification
Survival
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