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Simple Land Purchase Agreement Form Doc
"I need a Simple Land Purchase Agreement Form Doc for buying a 2-acre vacant lot in Texas, with a purchase price of $150,000 and closing date of March 15, 2025, including standard inspection contingencies but no financing contingencies as this will be a cash purchase."
1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Brief context of the transaction and property identification
3. Definitions: Key terms used throughout the agreement
4. Property Description: Legal description of the property being sold including boundaries, location, and any easements
5. Purchase Price: Agreed purchase price, payment terms, and details of any deposits or earnest money
6. Closing Date: Specified date for completion of the transaction and transfer of ownership
7. Representations and Warranties: Statements of fact by both parties regarding the property and their capacity to enter into the agreement
8. Signatures: Execution block for all parties with notarization requirements
1. Financing Contingency: Terms regarding buyer's ability to secure mortgage financing and conditions for contract termination if financing fails
2. Inspection Contingency: Terms regarding property inspection rights and procedures for addressing any issues discovered
3. Title Insurance: Provisions for title insurance requirements and allocation of costs
4. Property Condition: Specific details about the condition in which the property will be delivered at closing
1. Schedule A - Property Description: Detailed legal description of the property including survey details and boundary measurements
2. Schedule B - Disclosure Statement: State-required property condition disclosures and known defects
3. Schedule C - Title Documents: Copies of relevant title documents, surveys, and certificates
4. Schedule D - Environmental Reports: Environmental assessments, reports, and relevant certificates if applicable
Authors
Property
Purchase Price
Closing Date
Effective Date
Seller
Buyer
Title Company
Deed
Earnest Money
Closing
Closing Costs
Due Diligence Period
Encumbrances
Fixtures
Permitted Exceptions
Property Documents
Survey
Title Commitment
Title Policy
Transfer Documents
Business Day
Default
Improvements
Legal Description
Possession Date
Real Property
Purchase Price
Payment Terms
Title and Conveyance
Due Diligence
Representations and Warranties
Conditions Precedent
Closing Requirements
Property Access
Risk of Loss
Default and Remedies
Property Condition
Environmental Matters
Easements and Restrictions
Prorations and Adjustments
Inspection Rights
Title Insurance
Notices
Assignment
Governing Law
Dispute Resolution
Force Majeure
Survival
Severability
Entire Agreement
Amendment
Time of Essence
Recording
Broker Commissions
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