Agreement to Sell Plot of Land

Property taxes – Give the title company instructions on who pays property taxes. It`s common for the seller to pay property taxes late – taxes that haven`t been paid in more than a year. You (the seller) do not need to write a check to the tax collector. The securities company may levy the amount of tax due on your product and pay the property taxes due on your behalf. Any seller, buyer and agent participating in the sale of land documented above must complete a designated signature area for that part. This document creates a signature area for two property sellers, two buyers, and two agents. If one of these categories requires more than two signatures from the group, you can copy and paste additional signature boxes if necessary. At least one land seller and one land buyer must enter into this agreement in order to execute it. The first party that has this possibility is the land seller. If these documents accurately represent what the seller of the property accepts, he must have the current “date” in the first line under the heading of the “XXXIII Signature” section, and then sign his name in the “Seller`s signature” line. In addition to the signature, the seller of the land must print his name on the following line “Print name”.

Now, a third option, how the sale of the land will take place, can be found in the article “IV. Prices and conditions”. If the seller provides financing for the sale of the land, check the “Seller Financing” box. For the “Seller Financing” section, several details must be provided to fully define the payment. First, specify the exact “loan amount” in the blank line of point A of this selection. The second definition needed to define “seller financing” received by the land buyer is the “down payment” required for that sale. Enter this dollar amount in the blank line after the words “B.) Deposit. The annual interest rate that the land seller expects with loan payments must be indicated on the line between “Interest rate (per year)” and the percentage sign “C”. Finally, note the “term” of the loan in point “D” by documenting the number of months or years in the blank line after the word “term”. This number must be defined in more detail by marking the “Month” field or the “Years” field to indicate the unit to be used with this number. Item “E.) Documents” in the “Seller Financing” section will ask for the deadline for the documents that the seller of the property requires from the buyer to proceed with the financing.

Use the first two blank lines of this article to apply this deadline. Find the second set of blank lines (after the term “the seller should go to…” ), then specify the last calendar date on which the seller of the land accepts the credit documents required by the buyer for their contents. In most agreements, there is a due diligence phase that allows the buyer to conduct tests on the property to ensure it can be used for the buyer`s intentions. This may include conducting environmental testing, obtaining local government permits, or other contingencies listed in the agreement. Continue reading this purchase agreement until the article “XI. Title”, in which a discussion is to take place on the buyer`s verification of ownership of the seller`s land. If the ownership of the land for sale has defects in that land, the buyer may determine that these defects in the land need to be repaired or corrected. This presupposes that the buyer of the land terminates within a certain period of time after receipt of the property. Define this period as a number of days by placing it in the blank line before the word “Business days to notify the seller in writing…” This sentence is in the second paragraph of “XI.

Title”. The third paragraph of Article “XI. Title” also requires a definition that is reported to complement its wording for the purposes of this document. Here, the number of days after the seller of the property has received notification that a significant defect in the property must be corrected before the proceeds of the purchase are on the according to “. The seller must have” and before the phrase “working days…” The court clerk is another government office at the county level. The great thing about selling land in Florida is that most counties offer much of their official documents (including deeds) online. free. Any land buyer who signs this agreement to demonstrate their intention to comply with it must print their name in the “Print Name” line below the signature line. Article IV Purchase Price and Conditions” includes the amount of the purchase price. The dollar amount that the buyer of the land must remit to the seller of the land to take possession of the property in question is a mandatory report in this agreement. To do this, look for the blank line that contains the term “. Buying the property by payment of” leads to the indication of the numerical value of the sale price of the land.

Also, document the selling price by writing it on the blank line before the word “dollar.” There will be a period from the effective date to the closing date during which the country will have to be preserved or brought up to sales standards. The buyer of the property has the opportunity to carry out independent inspections during this period (highly recommended by many). The time limit laid down for this purpose must be specified in Article “XII. Condition of the property”. To do this, look for the four lines formatted to include a date and time, and then specify the last calendar date on which the buyer of the land can perform inspections of the property (for defects or problems) by selecting “. Licensed contractors or other qualified professionals” and the time when all inspections carried out by the purchaser of the land for this purpose must be discontinued […].