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Real Estate Land Sale Contract
"I need a Real Estate Land Sale Contract for a 5-acre commercial property purchase in Texas, with specific environmental compliance clauses and a 60-day due diligence period, closing expected by March 2025."
1. Parties: Identification of buyer and seller with complete legal names and addresses
2. Background: Context of the transaction and brief property description
3. Definitions: Key terms used throughout the contract
4. Property Description: Detailed legal description of the land being sold
5. Purchase Price: Amount and payment terms for the property
6. Closing Date and Process: Timeline and procedures for completion of the transaction
7. Title Provisions: Requirements for clear title transfer and title insurance
8. Representations and Warranties: Statements of fact and promises made by both parties
9. Default and Remedies: Consequences of breach and available remedies
10. General Provisions: Standard contract clauses including governing law, notices, and amendments
1. Financing Contingency: Terms and conditions if purchase depends on buyer obtaining financing
2. Inspection Period: Terms for property inspection period and buyer's right to terminate
3. Environmental Provisions: Environmental requirements, warranties, and remediation obligations
4. Mineral Rights: Provisions regarding mineral rights retention or transfer
5. Construction Requirements: Specific requirements for future construction or development
6. Easements: Special provisions for existing or required easements
1. Schedule A - Property Description: Detailed legal description of property including surveys and maps
2. Schedule B - Title Exceptions: List of title exceptions and encumbrances
3. Schedule C - Due Diligence Documents: List of documents provided for buyer's review
4. Schedule D - Permitted Encumbrances: List of accepted liens, easements, and other encumbrances
5. Appendix 1 - Property Survey: Current survey of the property
6. Appendix 2 - Environmental Reports: Environmental assessment reports and findings
Authors
Property
Purchase Price
Closing Date
Closing
Effective Date
Earnest Money
Title Company
Deed
Due Diligence Period
Escrow Agent
Permitted Exceptions
Title Commitment
Survey
Business Day
Force Majeure
Improvements
Encumbrances
Material Adverse Change
Seller's Knowledge
Environmental Laws
Hazardous Materials
Governmental Authority
Permitted Use
Real Property
Personal Property
Transfer Documents
Inspection Period
Warranties
Title Policy
Closing Costs
Default
Zoning Laws
Property Taxes
Confidential Information
Purchase Price
Payment Terms
Title and Conveyance
Due Diligence
Representations and Warranties
Closing Conditions
Earnest Money
Default and Remedies
Environmental Compliance
Property Inspection
Survey Rights
Title Insurance
Risk of Loss
Property Access
Contingencies
Assignment
Notices
Governing Law
Dispute Resolution
Force Majeure
Severability
Entire Agreement
Amendment
Survival
Property Tax Proration
Broker Commission
Deed Requirements
Confidentiality
Time is of the Essence
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