[{"data":1,"prerenderedAt":531},["ShallowReactive",2],{"document-land-purchase-agreement-D13424":3},{"document":4,"label":23,"preview":11,"thumb":24,"thumb600":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":36,"customDescModule":184,"customdescription":6,"mdFm":185,"mdProseHtml":530},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":15},"LAND PURCHASE AGREEMENT This Land Purchase Agreement (the \"Agreement\") is effective on [DATE], BETWEEN: [NAME OF THE SELLER], (the \"Seller\") an individual with their main address located at OR a Company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [NAME OF THE PURCHASING PARTY], (the \"Purchaser\") an individual with their main address located at OR a Company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, the Seller agrees to sell and convey to the Purchaser, and the Purchaser agrees to purchase and take from the Seller, the Land situated at [ADDRESS OF LAND]; WHEREAS, the transfer to the Purchaser shall include all right, title, and interest of the Seller in and to all streets, alleys, roads, and avenues adjoining the land. NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: PRICE The Purchaser agrees to purchase the land at [AMOUNT] (the \"Purchase Price\"). The Purchase Price shall be payable as [TERMS OF PAYMENT]. LAND AND TITLE The Land is situated at [LAND ADDRESS] containing approximately [AREA] rentable square feet area. Conveyance of the title to the Property shall be by warranty deed with full covenants, executed by the Seller to the Purchaser or the Purchaser's nominees. The title to be conveyed shall be good and marketable, subject only to [SPECIFY ACCEPTABLE LIENS, ENCUMBRANCES, RESTRICTIONS, EASEMENTS, AND OTHER BURDENS]. Conveyance of the title shall be made and the sale closed within [NUMBER OF DAYS] days after the date of this Agreement. ESCROW ACCOUNT The Escrow Account shall be opened with [NAME OF ESCROW COMPANY]. Such instructions as the escrow company may require, not inconsistent with the provisions of this Agreement, shall be signed and filed by the Parties. Escrow shall close when the escrow company is in a position to record all documents required under this Agreement, and make all disbursements after deducting the escrow fees and other expenses [SPECIFY OTHER EXPENSES]. RISK OF LOSS, MAINTENANCE AND TRANSFER OF POSSESSION Risk of loss or damage by fire or other casualty to the Property or any part of the Property prior to close of escrow shall be the risk of the Seller. In the event of such loss or damage prior to closing, this Agreement shall not be affected, but the Seller shall assign to the Purchaser all rights under any insurance policy or policies applicable to the loss. If action is necessary to recover under any casualty policy, the Seller shall grant permission to bring the action in the Seller's name. The Land described above shall be maintained in its present condition prior to the close of escrow by the Seller, wear from normal and reasonable use and deterioration excepted. Possession of the Land pursuant to the provisions of this Agreement shall be transferred at close of escrow. DEFAULT BY PARTIES If the Purchaser fails to perform the agreements of this contract within the time set forth herein, the Seller may retain, as liquidated damages and not as a penalty, all of the initial deposit. It is agreed that this is the Seller's exclusive remedy. If the Seller fails to perform any of the agreements of this contract, all deposits made by the Purchaser shall be returned to the Purchaser on demand, or the Purchaser may bring a suit against the Seller for damages resulting from the breach of contract, or the Purchaser may bring an action for specific performance. The Purchaser's remedies are cumulative and not exclusive of one another, and all other remedies shall be available in either law or equity to the Purchaser for the Seller's breach hereof. ACCEPTANCE OF LAND The taking of possession of the Land by the Purchaser on the closing date shall constitute an acknowledgment by the Purchaser that the Land is in good condition. The Seller agrees to deliver the Property to the Purchaser in its present condition, ordinary wear and tear excepted, and further certifies and represents that the Seller knows of no latent defect in the Property. All heating, cooling, plumbing, electrical, sanitary systems, and appliances shall be in good working order at the time of closing. The Seller represents and warrants that the personal property conveyed with the premises shall be the same property inspected by the Purchaser and that no substitutions will be made without the Purchaser's written consent. The Purchaser may also inspect or cause to be inspected the foundation, roof supports, or structural members of all improvements located upon the Property. If any such system, appliance, roof, foundation, or structural member shall be found defective, the Purchaser shall notify the Seller at or before closing and the Seller shall thereupon remedy the defect forthwith at its sole expense (in which case, the time for closing shall be reasonably extended as necessary)",null,"Land Purchase Agreement","5",513,"doc","https://templates.business-in-a-box.com/imgs/1000px/land-purchase-agreement-D13424.png","https://templates.business-in-a-box.com/imgs/250px/13424.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13424.xml",{"title":15,"description":6},"land purchase agreement",[17,20],{"label":18,"url":19},"Legal Agreements","/templates/business-legal-agreements/",{"label":21,"url":22},"Purchase & Sale Agreements","/templates/purchase-sale-agreement/","Land Purchase Agreement Template","https://templates.business-in-a-box.com/imgs/400px/13424.png","https://templates.business-in-a-box.com/imgs/600px/13424.png",[27,17,20],{"label":28,"url":29},"Templates","/templates/",[31,32,33],{"label":28,"url":29},{"label":18,"url":19},{"label":34,"url":35},"Real Estate & Leases","/templates/real-estate-and-leases/",[37,41,45,49,53,57,61,65,69,73,77,81,85,103,120,133,154,168],{"label":38,"url":39,"thumb":40,"extension":10},"Land Lease Agreement","/template/land-lease-agreement-D13423","https://templates.business-in-a-box.com/imgs/250px/13423.png",{"label":42,"url":43,"thumb":44,"extension":10},"Land Use Restriction Agreement","/template/land-use-restriction-agreement-D13425","https://templates.business-in-a-box.com/imgs/250px/13425.png",{"label":46,"url":47,"thumb":48,"extension":10},"Purchase Agreement","/template/purchase-agreement-D12670","https://templates.business-in-a-box.com/imgs/250px/12670.png",{"label":50,"url":51,"thumb":52,"extension":10},"Purchase and Sale Agreement","/template/purchase-and-sale-agreement-D13884","https://templates.business-in-a-box.com/imgs/250px/13884.png",{"label":54,"url":55,"thumb":56,"extension":10},"Power Purchase Agreement","/template/power-purchase-agreement-D12873","https://templates.business-in-a-box.com/imgs/250px/12873.png",{"label":58,"url":59,"thumb":60,"extension":10},"Asset Purchase Agreement","/template/asset-purchase-agreement-D928","https://templates.business-in-a-box.com/imgs/250px/928.png",{"label":62,"url":63,"thumb":64,"extension":10},"Affiliate Purchase Agreement","/template/affiliate-purchase-agreement-D12818","https://templates.business-in-a-box.com/imgs/250px/12818.png",{"label":66,"url":67,"thumb":68,"extension":10},"Blanket Purchase Agreement","/template/blanket-purchase-agreement-D12819","https://templates.business-in-a-box.com/imgs/250px/12819.png",{"label":70,"url":71,"thumb":72,"extension":10},"Real Estate Purchase Agreement","/template/real-estate-purchase-agreement-D13234","https://templates.business-in-a-box.com/imgs/250px/13234.png",{"label":74,"url":75,"thumb":76,"extension":10},"Purchase Agreement Short Version","/template/purchase-agreement-short-version-D12669","https://templates.business-in-a-box.com/imgs/250px/12669.png",{"label":78,"url":79,"thumb":80,"extension":10},"Stock Purchase Agreement","/template/stock-purchase-agreement-D349","https://templates.business-in-a-box.com/imgs/250px/349.png",{"label":82,"url":83,"thumb":84,"extension":10},"Asset Purchase Agreement For a Garage","/template/asset-purchase-agreement-for-a-garage-D929","https://templates.business-in-a-box.com/imgs/250px/929.png",{"description":86,"descriptionCustom":6,"label":87,"pages":88,"size":89,"extension":10,"preview":90,"thumb":91,"svgFrame":92,"seoMetadata":93,"parents":94,"keywords":101,"url":102},"DEED OF SALE This Deed of Sale (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Vendor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Purchaser\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] BEFORE [INDIVIDUAL NAME] the undersigned Notary of the State/Province of [STATE/PROVINCE], practicing in the City of [CITY]. APPEARED: [COMPANY NAME], constituted under the Companies Act [SPECIFY] in the form of a company, having its head office and establishment directly concerned at [FULL ADDRESS], State/Province of [STATE/PROVINCE], herein acting and represented by [SPECIFY], its [SPECIFY] duly authorized for the purposes hereof under the terms of a resolution of the Board of Directors of the said company adopted on [SPECIFY] day, [SPECIFY] [YEAR] a certified copy of which resolution is hereto annexed after having been acknowledged as true and signed by the said representative with and in the presence of the undersigned notary (hereinafter called the \"Vendor\"); - AND - [COMPANY NAME], constituted under the [SPECIFY COMPANY ACT] the form of a company, having its head office at [FULL ADDRESS], Province of [STATE/PROVINCE], herein acting and represented by [SPECIFY], duly authorized for the purposes hereof under the terms of a resolution of the Board of Directors of the said company adopted on [SPECIFY DAY] [SPECIFY YEAR] a certified copy of which resolution is hereto annexed after having been acknowledged as true and signed by the said representative with and in the presence of the undersigned notary (hereinafter called the \"Purchaser\"). SALE The Vendor does hereby sell, assign and make over, with legal warranty, to the Purchaser hereto present and accepting, the following immoveable property namely: DESCRIPTION An emplacement situated in the City of [CITY], State/Province of [STATE/PROVINCE], known and designated as: Part of original lot number [NUMBER] RANGE [SPECIFY] on the land register of [NAME OF THE CITY], Registration [SPECIFY DIVISION]. Bounded and described as follows (Example): To the north-east, by another part of lot [SPECIFY NUMBER], owned by the Municipality of [STATE/PROVINCE], measuring along the said line [NUMBER] meters; to the [SPECIFY DIRECTION], by another part of lot [SPECIFY NUMBER], owned by the Municipality of [STATE/PROVINCE], measuring along the said line [NUMBER] meters to the [SPECIFY DIRECTION], by another part of lot [SPECIFY NUMBER] known as [SPECIFY] street, measuring along the said line [SPECIFY] meters and [SPECIFY] centimeters (m); to the [SPECIFY DIRECTION], by another part of lot [SPECIFY NUMBER], owned by the Municipality of [SPECIFY], measuring along the said side [SPECIFY] meters and [SPECIFY] centimeters (m); forming an area of [SPECIFY]. The [SPECIFY DIRECTION] side is parallel and situated at a distance of [SPECIFY NUMBER] meters from the separating line between lots [SPECIFY NUMBERS], and the south-east corner is situated at a distance of [SPECIFY] meters, measuring along the [NAME OF THE STREET] Street to the [SPECIFY DIRECTION] side of road [NUMBER]. With a building thereon erected bearing the civic number [FULL ADDRESS], [STATE/PROVINCE]. (Hereinafter referred to as the \"Property\") TITLE AND POSSESSION The Vendor acquired the Property in virtue of a Deed of Sale executed before [INDIVIDUAL NAME], Notary, on [EFFECTIVE DATE], and registered at the Registration [SPECIFY DIVISION] under the number [NUMBER] and a Deed of Correction executed before [INDIVIDUAL NAME], Notary, on the [DATE] day of [YEAR] and registered at the [SPECIFY] Registry Office under the number [NUMBER]. The Purchaser shall be the absolute owner of the presently sold Property as and from this date and will take vacant possession thereof forthwith. VENDOR'S DECLARATIONS The Vendor declares and warrants: That the Property is free and clear of all hypothecs and encumbrances whatsoever, save and except the following assumed by the purchaser: a Deed of Loan and Hypothec granted by [COMPANY NAME] [STATE/PROVINCE] in favor of [COMPANY NAME] and registered at said Registry Division under number [NUMBER]; That upon execution of the present Deed of Sale, the Purchaser shall have good and marketable title to the Property, free and clear of all encumbrances and rights; That all assessments, taxes and rates, both general and special, affecting the Property, have been paid to date; the [COMPANY NAME] hereto hereby acknowledging that all adjustments will be made between themselves and to their mutual satisfaction, as and from the date of [DATE] [YEAR]; That the Property is in conformity with all municipal by-laws and regulations and any governmental regulations which may be applicable; That it has not received any notice from any federal, provincial, municipal or other governmental authority, board, commission or agency having jurisdiction over the Property notifying the Vendor or placing it in default to conform to any [YOUR COUNTRY LAW], by-law, ordinance or regulation relating to fire, health, zoning, police rules or otherwise and the Vendor is not aware of any violation or infraction thereof nor has it received any notice advising it of a proposed acquisition of any portion of the Property by such statutory bodies whether \"à l'amiable\", or by expropriation, or in any way suggesting that a reserve is contemplated with respect to the Property; That it has not received with respect to the Property, any notices, demands, orders or directions from any federal, provincial, municipal or other governmental authority, board, commission or agency, notifying the Vendor or placing it in default or requiring it to conform or perform work pursuant to any [YOUR COUNTRY LAW], regulations or by-laws relating to the protection of the environment; That to its knowledge, the Property is not and has not been insulated with Urea-Formaldehyde foam and that it did not and does not contain any hazardous or waste products whether as landfill or otherwise; That there are no contracts, agreements, arrangements or understandings between Vendor and/or its predecessors in title with any third parties affecting the Property or to which the Purchaser would be bound; That there no claims, actions or judgments pending or outstanding which relate to the Property; That the Property is the state and as described in the Certificate of Location prepared by [INDIVIDUAL NAME], [STATE/PROVINCE] Land Surveyor, on [DATE] under his minute number [NUMBER]; That the Property is not subject to the provisions of the [SPECIFY YOUR COUNTRY CULTURAL PROPERTY ACT/LAW/RULE] or of the [YOUR COUNTRY AGRICULTURAL LAND PROTECTION ACT/LAW/RULE] or any regulations or directives thereunder; That the Vendor is classified as a [COUNTRY] Resident and not as a \"non resident person\" within the meaning of the Income Tax Act ([COUNTRY]) and the Taxation Act, [STATE/PROVINCE], ([YEAR] Statutes), the Vendor making this present declaration conscientiously believing it to be true and knowing that it is of the same force and effect as if made under oath and by and in virtue of the [COUNTRY] Evidence Act; and That the Vendor declares that it has not contracted with any third party or real estate agent or broker and that no commissions or finder's fee and alike in relation to the present sale is due and holds harmless the Purchaser in relation thereto. CONDITIONS The present sale is thus made subject to the following charges and conditions, to the fulfillment whereof the Purchaser binds and obliges himself, namely: To pay the costs of this Deed, of its registration and of the required copies.","Deed of Sale Real Estate Property","7",76,"https://templates.business-in-a-box.com/imgs/1000px/deed-of-sale_real-estate-property-D1172.png","https://templates.business-in-a-box.com/imgs/250px/1172.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1172.xml",{"title":6,"description":6},[95,98],{"label":96,"url":97},"Real Estate","real-estate-business",{"label":99,"url":100},"Business Checklists","business-checklists","deed sale real estate property","/template/deed-of-sale-real-estate-property-D1172",{"description":104,"descriptionCustom":6,"label":105,"pages":106,"size":107,"extension":10,"preview":108,"thumb":109,"svgFrame":110,"seoMetadata":111,"parents":112,"keywords":118,"url":119},"QUITCLAIM DEED This Quitclaim Deed (the \"Agreement\") is made and effective the [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"First Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the \"Second Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WITNESSETH, That the said First Party on behalf of himself, his heirs, executors, administrators, successors, representatives and assigns, for good consideration and for the sum of [AMOUNT] cash in hand paid at or before delivery of this document by the said Second Party, the receipt whereof is hereby acknowledged, does hereby remise, release and quitclaim unto the said Second Party forever, all the right, title, interest and claim which the said First Party has in and to the following described parcel of land, and improvements and appurtenances thereto in the City of [City], State/Province of [STATE/PROVINCE], to wit: [DESCRIBE] ","Quitclaim Deed","2",32,"https://templates.business-in-a-box.com/imgs/1000px/quitclaim-deed-D394.png","https://templates.business-in-a-box.com/imgs/250px/394.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#394.xml",{"title":6,"description":6},[113,115],{"label":18,"url":114},"business-legal-agreements",{"label":116,"url":117},"Deeds","deed","quitclaim deed","/template/quitclaim-deed-D394",{"description":121,"descriptionCustom":6,"label":122,"pages":106,"size":123,"extension":10,"preview":124,"thumb":125,"svgFrame":126,"seoMetadata":127,"parents":128,"keywords":131,"url":132},"WARRANTY DEED This Warranty Deed (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Grantor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [GRANTEE NAME] (the \"Grantee\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] For good consideration, Grantor hereby bargain, deed and convey to Grantee the land legally described as [describe], free and clear with Warranty. ","Warranty Deed",31,"https://templates.business-in-a-box.com/imgs/1000px/warranty-deed-D993.png","https://templates.business-in-a-box.com/imgs/250px/993.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#993.xml",{"title":6,"description":6},[129,130],{"label":18,"url":114},{"label":116,"url":117},"warranty deed","/template/warranty-deed-D993",{"description":134,"descriptionCustom":6,"label":135,"pages":136,"size":137,"extension":10,"preview":138,"thumb":139,"svgFrame":140,"seoMetadata":141,"parents":142,"keywords":152,"url":153},"PROMISSORY NOTE This Promissory Note (the \"Note\") is made and effective the [DATE], BETWEEN: [LENDER NAME] (the \"Lender\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Borrower\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] TERMS FOR VALUE RECEIVED, the Borrower promises to pay to the order of Lender, at its principal office located at [ADDRESS], or at such other place that is designated in writing by the holder hereof, the principal sum of [AMOUNT], together with all charges and interest herein provided, payable at the rate and in the manner hereinafter set forth: Borrower shall make monthly payments of principal and interest at the rate of [%] per annum based upon an amortization of [NUMBER] months. Monthly payments shall be due on or before the first day of each month with the first payment being due on or before [DATE]. If not sooner paid, all amounts due under this Note, including principal, interest and other charges shall be due and payable in full on or before the first day of [MONTH], [YEAR] (the \"Maturity Date\"). Time is of the essence of the payment obligations hereunder and each monthly payment shall be due and payable on or before the first day of each month. This Note is and will be secured by a certain first priority security interest in all of the tangible and intangible property of the Borrower, to be recorded in all applicable governmental offices. The parties shall execute a separate security agreement, in form and substance acceptable to the Lender in all respects. Borrower agrees to execute any such security agreements presented by the Lender or other documents required by the Lender in order to perfect its security interest in the above described property. Said Security Agreement and any other instruments and documents executed in connection with or given as security for this Note shall hereinafter be referred to collectively as the \"Loan Documents.\" All of the terms, covenants, Conditions, representations and warranties contained in the Loan Documents are hereby made part of this Note to the same extent and with the same force and effect as if fully set forth herein. If all or any portion of any payment due hereunder is not received by the Lender within [NUMBER] calendar days after the date when such payment is due, Borrower shall pay a late charge equal to [%] of such payment, such late charge to be immediately due and payable without demand by Lender. Borrower shall have the right to prepay all (but not a portion) of the indebtedness evidenced by this Note at any time, by paying the Lender an amount equal to the sum of (I) the principal balance then outstanding, (ii) all interest accrued to the date of such prepayment, (iii) all interest calculated through the Maturity Date, and (iv) any late charge or charges then due and owing. If any payment under this Note is not paid in full by the [DAY] of any month during the term hereof or if the entire amount due as represented by this Note is not paid in full on or before the Maturity Date, or should default be made in the performance or observation of any of the terms, covenants, or conditions contained in the Loan Documents, or if any representation or warranty contained in the Loan Documents is breached or is or becomes untrue, this Note shall be in default, and the entire principal amount outstanding hereunder, accrued interest thereon, all late charges, if any, and any and all other charges due hereunder, shall, at Lender's option, immediately become due and payable, without further notice, the giving of such notice being expressly waived by the Borrower","Promissory Note","3",39,"https://templates.business-in-a-box.com/imgs/1000px/promissory-note-D434.png","https://templates.business-in-a-box.com/imgs/250px/434.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#434.xml",{"title":6,"description":6},[143,146,149],{"label":144,"url":145},"Finance & Accounting","finance-accounting",{"label":147,"url":148},"Business Loans","business-loan",{"label":150,"url":151},"Promissory Notes","promisory-note","promissory note","/template/promissory-note-D434",{"description":155,"descriptionCustom":6,"label":156,"pages":157,"size":158,"extension":10,"preview":159,"thumb":160,"svgFrame":161,"seoMetadata":162,"parents":163,"keywords":166,"url":167},"ASSIGNMENT OF DEED OF TRUST This Assignment of Deed of Trust (the \"Assignment\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Trustor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [TRUSTEE NAME] (the \"Trustee\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] TERMS","Assignment of Deed of Trust","1",28,"https://templates.business-in-a-box.com/imgs/1000px/assignment-of-deed-of-trust-D975.png","https://templates.business-in-a-box.com/imgs/250px/975.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#975.xml",{"title":6,"description":6},[164,165],{"label":18,"url":114},{"label":116,"url":117},"assignment deed trust","/template/assignment-of-deed-of-trust-D975",{"description":169,"descriptionCustom":6,"label":170,"pages":171,"size":172,"extension":10,"preview":173,"thumb":174,"svgFrame":175,"seoMetadata":176,"parents":177,"keywords":182,"url":183},"OFFER TO PURCHASE AGREEMENT This Offer to Purchase Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY NAME] (the \"First Party\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the \"Second Party\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the authorized capital of [SPECIFY] consists of an unlimited number of no par value common shares and an unlimited number of no par value preferred shares of which [SPECIFY] ([NUMBER]) common shares have been issued and are presently outstanding and registered as set out in the immediately following recital. WHEREAS [SPECIFY] is the registered holder and beneficial owner of all the issued and outstanding common shares in the capital stock of [SPECIFY]; WHEREAS the authorized capital of [SPECIFY], a company incorporated under the laws of the Province of [SPECIFY], consists of an unlimited number of shares of a single category of which [SPECIFY] ([NUMBER]) shares have been issued and are presently outstanding and registered as set out in the immediately following recital; WHEREAS [SPECIFY] is the registered holder and beneficial owner of all the issued and outstanding shares in the capital stock of [SPECIFY]; WHEREAS the authorized capital of [SPECIFY], a corporation incorporated under the laws of [COUNTRY], consists of an unlimited number of common and an unlimited number of preferred Class A and preferred Class B shares of which [SPECIFY] ([NUMBER]) common and [SPECIFY] ([NUMBER]) preferred Class A shares have been issued and are presently outstanding and registered as set out in the immediately following recital; WHEREAS [SPECIFY] is the registered holder and beneficial owner of all the issued and outstanding common and preferred Class A shares in the capital stock of [SPECIFY]; WHEREAS [SPECIFY] is in the business of [DESCRIBE]; WHEREAS [SPECIFY] is in the business of [DESCRIBE]; WHEREAS [SPECIFY] is in the business of [DESCRIBE]; WHEREAS [SPECIFY] wishes to acquire the number of the issued and outstanding shares in the capital stock of [SPECIFY] set forth herein upon the terms and conditions set out in this Agreement; WHEREAS [SPECIFY] is prepared to sell shares in the capital stock of [SPECIFY] to [SPECIFY] upon the terms and conditions set out in this Agreement. NOW THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the parties hereto agree as follows: INTERPRETATION Definitions Unless the subject matter or context otherwise requires: \"Affiliate\" has the meaning ascribed to the term \"affiliated corporations\" in the [YOUR COUNTRY] Business Corporation [ACT/LAW/RULE], and are included in the definition of Affiliate. \"Business Day\" means any day excluding Saturday, Sunday and any other day which in [STATE/PROVINCE], [COUNTRY] is a legal holiday or a day on which financial institutions are authorized by [YOUR COUNTRY LAW] or by local proclamation to close. \"Claims\" means any demand, action, cause of action, damage, loss, cost, liability, expense or requirements, governmental or otherwise, including the cost of legal representation in respect thereof and any interest or penalty arising in connection therewith. \"Closing Date\" has the meaning ascribed thereto at Section 3.1. \"Corporation\" means [SPECIFY]. \"Financial Statements\" mean the audited financial statements for the period ended [DATE] of each of [NUMBER], [NUMBER] and [NUMBER] consisting of a balance sheet, statement of income and retained earnings and notes thereto. \"Interim Financial Statements\" means the unaudited interim financial statements for the period ended [DATE] of each of [SPECIFY], [SPECIFY] and [SPECIFY] consisting of a balance sheet, statement of income and retained earnings and notes thereto. \"Lien\" means any interest in property or the income or profits therefrom securing an obligation owed to, or a claim by, a Person other than the owner (which for the purposes hereof shall include a possessor under a title retention agreement and a lessee under a lease herein below described) of such property, whether such interest is based on common [YOUR COUNTRY LAW], civil [YOUR COUNTRY LAW], statute or contract, and including but not limited to any security interest, hypothec, mortgage, pledge, lien, claim, charge, cession, transfer, assignment, encumbrance, title retention agreement, lessor's interest under a lease which would be capitalized on a balance sheet of the owner of such property or analogous interest in, of or on any property or the income or profits therefrom of a Person; \"Person or person\" means any individual, company, corporation, partnership, firm, trust, sole proprietorship, government or entity howsoever designated or constituted; \"Purchase Price\" has the meaning ascribed thereto at Section 2.2. \"Purchaser\" means [SPECIFY]. \"Seller\" means [SPECIFY]. \"Shares\" means the aggregate number of shares of [SPECIFY] to be acquired by [SPECIFY] from the Seller pursuant to the terms hereof. \"Subsidiaries\" means [SPECIFY] and [SPECIFY], and \"Subsidiary\" means either [SPECIFY] or [SPECIFY], as the case may be. \"this Agreement\", the \"Agreement\", \"hereto\", \"hereof\", \"herein\", \"hereby\", \"hereunder\" and similar expressions mean or refer to this Agreement as amended from time to time and any indenture, agreement or instrument supplemental or ancillary hereto or in implementation hereof, and the expressions \"section\", \"subsection\" and \"clause\" followed by a number or letter mean and refer to the specified section, subsection or paragraph of this Agreement. Extended Meanings Words importing the singular number include the plural and vice versa and words importing the masculine gender include the feminine and neuter genders. Interpretation Not Affected by Headings The division of this Agreement into articles and insertion of headings is for convenience and reference only and shall not affect the construction or interpretation of this Agreement. Applicable Law This Agreement shall be deemed to have been made in the Province of [STATE/PROVINCE] and shall be interpreted in accordance with and be governed by the [YOUR COUNTRY LAW] of [STATE/PROVINCE] and the [YOUR COUNTRY LAW] of [COUNTRY] applicable therein. Funds All currency amounts referred to in this Agreement are in lawful currency of [COUNTRY]. Calculations All calculations and financial documents required to be made or produced under or pursuant to this Agreement shall be made or produced in accordance with generally accepted accounting principles which are from time to time approved by the [COUNTRY] Institute of Chartered Accountants, as set forth in the publication known as the [SPECIFY] and applicable as at the date on which any calculation or financial document is required to be made or produced. Invalidity If any provision of this Agreement shall be held invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall attach only to such provision in such jurisdiction and shall not in any manner affect or render invalid or unenforceable such provision in any other jurisdiction or any other provision of this Agreement in any jurisdiction. Business Day In the event that any action to be taken hereunder falls on a day that is not a Business Day, then such action shall be taken on the next succeeding Business Day. Preamble The preamble forms an integral part of this Agreement. PURCHASE OF SHARES Purchase of Shares On the Closing Date the Purchaser agrees to purchase all the issued and outstanding common and preferred shares of [SPECIFY] from the Seller, the whole upon the terms and conditions set forth herein","Offer to Purchase Shares Agreement","14",116,"https://templates.business-in-a-box.com/imgs/1000px/offer-to-purchase-shares-agreement-D334.png","https://templates.business-in-a-box.com/imgs/250px/334.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#334.xml",{"title":6,"description":6},[178,179],{"label":144,"url":145},{"label":180,"url":181},"Buy & Sell Shares","buy-sell-shares","offer to purchase shares agreement","/template/offer-to-purchase-shares-agreement-D334",false,{"seo":186,"reviewer":198,"legal_disclaimer":202,"quick_facts":203,"at_a_glance":205,"personas":209,"variants":234,"glossary":259,"clauses":296,"how_to_fill":347,"common_mistakes":388,"faqs":413,"industries":441,"comparisons":458,"diy_vs_lawyer":471,"jurisdictions":484,"educational_modules":505,"related_template_ids_curated":509,"schema":519,"classification":520},{"meta_title":187,"meta_description":188,"primary_keyword":189,"secondary_keywords":190},"Free Land Purchase Agreement Template – Word & PDF","Free land purchase agreement template covering price, deposit, due diligence, closing date, and remedies. Download in Word, edit online, or export as PDF.","land purchase agreement template",[15,191,192,193,194,195,196,197],"land purchase contract template","real property purchase agreement","vacant land purchase agreement template","land sale agreement template","land purchase agreement template word","land purchase agreement free download","land sale contract template",{"name":199,"credential":200,"reviewed_date":201},"Bruno Goulet","CEO, Business in a Box","2026-05-01",true,{"difficulty":204,"legal_review_recommended":202,"signature_required":202,"notarization_required":202},"advanced",{"what_it_is":206,"when_you_need_it":207,"whats_inside":208},"A Land Purchase Agreement is a legally binding contract between a seller and a buyer that governs the transfer of real property (land). This free Word download covers purchase price, earnest money deposit, due diligence period, conditions of sale, closing date, title requirements, and remedies for default — all in a single editable document you can export as PDF and execute with your attorney.\n","Use it any time a buyer and seller agree in principle on the sale of vacant land, a rural parcel, a development site, or any real property transaction where a formal written contract is required before closing. It is the binding bridge between an accepted offer and the transfer of title.\n","Parties and property description, purchase price and earnest money, due diligence and inspection period, conditions and contingencies, title and survey requirements, closing mechanics, representations and warranties, default and remedies, and governing law.\n",[210,214,218,222,226,230],{"title":211,"use_case":212,"icon_asset_id":213},"Individual land buyers","Purchasing a rural parcel or vacant lot from a private seller","persona-individual-buyer",{"title":215,"use_case":216,"icon_asset_id":217},"Real estate developers","Securing a development site before conducting entitlement due diligence","persona-real-estate-developer",{"title":219,"use_case":220,"icon_asset_id":221},"Farmers and agricultural buyers","Acquiring farmland or timberland with specific use and access conditions","persona-farmer",{"title":223,"use_case":224,"icon_asset_id":225},"Small business owners","Buying land to construct a commercial facility or business premises","persona-small-business-owner",{"title":227,"use_case":228,"icon_asset_id":229},"Real estate investors","Locking in land acquisition terms during a due diligence window","persona-real-estate-investor",{"title":231,"use_case":232,"icon_asset_id":233},"Estate executors and trustees","Documenting the sale of inherited or trust-held land to a third party","persona-estate-executor",[235,238,242,246,249,253,256],{"situation":236,"recommended_template":70,"slug":237},"Buying or selling a home with the land included","real-estate-purchase-agreement-D13234",{"situation":239,"recommended_template":240,"slug":241},"Purchasing land from a bank following foreclosure","Bank REO Purchase Agreement","purchase-agreement-D12670",{"situation":243,"recommended_template":244,"slug":245},"Agreeing informally on price before formal contract","Letter of Intent (Real Estate)","deed-of-sale-real-estate-property-D1172",{"situation":247,"recommended_template":38,"slug":248},"Leasing land rather than purchasing it outright","land-lease-agreement-D13423",{"situation":250,"recommended_template":251,"slug":252},"Giving a buyer the right to purchase land at a future date","Option to Purchase Agreement","option-to-buy-agreement-D336",{"situation":254,"recommended_template":255,"slug":248},"Seller finances the purchase directly without a bank","Owner Financing Land Contract",{"situation":257,"recommended_template":258,"slug":241},"Purchasing land at a public or private auction","Auction Purchase Agreement",[260,263,266,269,272,275,278,281,284,287,290,293],{"term":261,"definition":262},"Earnest Money","A deposit paid by the buyer at contract signing to demonstrate good faith, held in escrow and applied to the purchase price at closing or forfeited upon default.",{"term":264,"definition":265},"Due Diligence Period","A contractually defined window — typically 15 to 60 days — during which the buyer may inspect the property, review title, and investigate conditions before being obligated to close.",{"term":267,"definition":268},"Contingency","A condition that must be satisfied before the contract becomes binding or before the buyer is obligated to proceed to closing — common examples include financing approval and satisfactory survey.",{"term":270,"definition":271},"Title Insurance","An insurance policy protecting the buyer and lender against defects in the title to the property, including undisclosed liens, encumbrances, or ownership disputes.",{"term":273,"definition":274},"Easement","A legal right for a third party to use a portion of the land for a specific purpose — such as a utility corridor, access road, or drainage path — that survives the change of ownership.",{"term":276,"definition":277},"Encumbrance","Any claim, lien, mortgage, easement, or restriction that affects the title to the property and may limit the buyer's use or ability to transfer it.",{"term":279,"definition":280},"Closing","The final step in the transaction at which the buyer pays the purchase price, the seller delivers the deed, and ownership legally transfers.",{"term":282,"definition":283},"Survey","A licensed surveyor's measurement and map of the land's boundaries, area, easements, and encroachments, used to confirm the property description in the contract.",{"term":285,"definition":286},"Deed","The legal instrument that transfers title to real property from seller to buyer; execution and recording at the relevant land registry office completes the transfer.",{"term":288,"definition":289},"Prorations","Adjustments made at closing to allocate ongoing costs — such as property taxes and HOA fees — between seller and buyer based on the closing date.",{"term":291,"definition":292},"Specific Performance","A legal remedy requiring the breaching party to fulfill their contractual obligations — courts commonly award specific performance in real estate disputes because land is considered unique.",{"term":294,"definition":295},"Zoning","Municipal or county regulations that govern how a parcel of land may be used — residential, commercial, agricultural, industrial — and what structures may be built on it.",[297,302,307,312,317,322,327,332,337,342],{"name":298,"plain_english":299,"sample_language":300,"common_mistake":301},"Parties and property description","Identifies the seller and buyer by full legal name, and describes the land by legal description, parcel identification number, and street address or GPS coordinates.","This Land Purchase Agreement is entered into on [DATE] between [SELLER FULL LEGAL NAME] ('Seller') and [BUYER FULL LEGAL NAME] ('Buyer'). The property subject to this Agreement is legally described as [LEGAL DESCRIPTION], Parcel ID [NUMBER], located at [ADDRESS OR COORDINATES], [COUNTY], [STATE/PROVINCE].","Using only a street address instead of the full legal description from the deed. Addresses change and are not legally definitive; a mismatch between the contract description and the title record can delay or void the closing.",{"name":303,"plain_english":304,"sample_language":305,"common_mistake":306},"Purchase price and payment terms","States the agreed total purchase price, how it will be paid (cash, financed, or seller-financed), and the timeline for each payment.","The total Purchase Price for the Property is [AMOUNT IN WORDS] ($[AMOUNT IN FIGURES]), payable as follows: (a) Earnest Money Deposit of $[AMOUNT] within [X] business days of execution; (b) balance of $[AMOUNT] in immediately available funds at Closing.","Omitting the payment method entirely. A contract that states only the total price without specifying cash versus financed leaves the seller unable to enforce a financing contingency waiver or call a default for failure to close.",{"name":308,"plain_english":309,"sample_language":310,"common_mistake":311},"Earnest money and escrow","Sets the deposit amount, names the escrow holder, and defines the conditions under which the deposit is returned to the buyer or forfeited to the seller.","Buyer shall deposit $[AMOUNT] as Earnest Money with [ESCROW AGENT NAME] within [X] business days of execution. The Earnest Money shall be applied to the Purchase Price at Closing. If Buyer defaults, Seller may retain the Earnest Money as liquidated damages. If Seller defaults, the Earnest Money shall be returned to Buyer in full.","Failing to name a specific, neutral escrow holder. Deposits held by the seller's attorney or the seller directly create disputes over release conditions and, in some jurisdictions, are non-compliant with escrow statutes.",{"name":313,"plain_english":314,"sample_language":315,"common_mistake":316},"Due diligence period and inspections","Grants the buyer a defined number of days to conduct soil tests, environmental assessments, surveys, zoning reviews, utility access investigations, and title searches before becoming unconditionally obligated.","Buyer shall have [X] calendar days from the Effective Date ('Due Diligence Period') to conduct all inspections, surveys, and investigations at Buyer's expense. If Buyer, in its sole discretion, is not satisfied with the results, Buyer may terminate this Agreement by written notice before expiry, and the Earnest Money shall be returned to Buyer.","Setting the due diligence period too short for rural or agricultural land. Environmental phase I assessments alone take 2–4 weeks; a 10-day window forces the buyer to waive contingencies before investigations are complete.",{"name":318,"plain_english":319,"sample_language":320,"common_mistake":321},"Title and survey conditions","Requires the seller to deliver marketable title free of undisclosed encumbrances, and sets out the buyer's right to object to title defects and the seller's obligation to cure them.","Seller shall deliver marketable title to the Property, free and clear of all liens, encumbrances, and exceptions other than those listed in Schedule A. Buyer shall have [X] days after receipt of the title commitment to raise written objections. Seller shall have [X] days to cure objections; failure to cure entitles Buyer to terminate and receive a full return of Earnest Money.","No title objection period or cure mechanism. Without it, a buyer who discovers a cloud on title at closing has no contractual basis to delay or terminate without forfeiting their deposit.",{"name":323,"plain_english":324,"sample_language":325,"common_mistake":326},"Conditions and contingencies","Lists the specific conditions — financing approval, satisfactory environmental report, rezoning, survey, or third-party consents — that must be met before either party is obligated to close.","This Agreement is conditioned upon: (a) Buyer obtaining financing approval for no less than $[AMOUNT] at a rate not exceeding [X]% within [X] days; (b) a Phase I Environmental Site Assessment confirming no Recognized Environmental Conditions; (c) confirmation that the Property is zoned [ZONING CLASSIFICATION] or that a rezoning to [CLASSIFICATION] has been approved.","Listing contingencies without a deadline for satisfaction or waiver. Open-ended contingencies give one party indefinite grounds to delay or exit, making the contract effectively unenforceable as a binding commitment.",{"name":328,"plain_english":329,"sample_language":330,"common_mistake":331},"Representations and warranties","The seller makes specific, legally binding promises about the property's condition, ownership, existing agreements, and known defects as of the closing date.","Seller represents and warrants that: (a) Seller has full legal authority to sell the Property; (b) there are no pending or threatened condemnation proceedings; (c) Seller has disclosed all known material defects, encroachments, and environmental conditions; (d) no unrecorded easements, leases, or agreements affect the Property.","Using an 'as-is' clause to eliminate all representations without specifying what disclosures have been made. Courts in many jurisdictions allow buyers to rescind 'as-is' sales where the seller knew of and concealed material defects.",{"name":333,"plain_english":334,"sample_language":335,"common_mistake":336},"Closing date and mechanics","Specifies the closing date, the location for closing, who pays which closing costs, and how prorations are calculated between the parties.","Closing shall occur on or before [DATE] at [LOCATION / ESCROW OFFICE]. Seller shall pay: [recording fees for releasing existing liens, seller's attorney fees]. Buyer shall pay: [title insurance premium, recording fees for the new deed, buyer's attorney fees]. Property taxes shall be prorated to the Closing Date.","Stating 'closing shall occur as soon as reasonably practicable' without a fixed date. Without a deadline, neither party can declare the other in default for failure to close, and the contract can drift indefinitely.",{"name":338,"plain_english":339,"sample_language":340,"common_mistake":341},"Default and remedies","Defines what constitutes a default by either party, the notice and cure period, and the available remedies — including liquidated damages, specific performance, and recovery of costs.","If Buyer defaults, Seller's sole remedy shall be retention of the Earnest Money as liquidated damages, unless Buyer's default is willful, in which case Seller may seek specific performance. If Seller defaults, Buyer may (a) terminate and receive a full return of all deposits plus [X]% of the Purchase Price as damages, or (b) seek specific performance.","Making the earnest money the seller's exclusive remedy for all defaults without exception. For high-value land sales, courts may find this inadequate if the buyer's default was willful and the seller's actual damages exceed the deposit.",{"name":343,"plain_english":344,"sample_language":345,"common_mistake":346},"Governing law and entire agreement","Specifies the jurisdiction whose laws govern the contract, and confirms that the written agreement supersedes all prior negotiations, letters of intent, and oral representations.","This Agreement shall be governed by the laws of [STATE/PROVINCE/COUNTRY]. This Agreement constitutes the entire agreement between the parties with respect to the Property and supersedes all prior negotiations, representations, and agreements. Any amendment must be in writing and signed by both parties.","Choosing a governing law with no connection to where the land is located. Real property law is territorial — most courts apply the law of the jurisdiction where the land sits, regardless of what the contract states.",[348,353,358,363,368,373,378,383],{"step":349,"title":350,"description":351,"tip":352},1,"Enter the parties' full legal names and entity types","Use each party's full registered legal name — for individuals, the name on their government ID; for entities, the name in the corporate registry. Include the state or country of organization for business sellers and buyers.","If the seller is an estate, trust, or LLC, confirm at the outset that the signatory has documented authority to sell — a missing trustee certificate or LLC resolution can unwind the transaction at closing.",{"step":354,"title":355,"description":356,"tip":357},2,"Insert the complete legal property description","Copy the legal description verbatim from the most recent deed or title record — do not paraphrase. Include the parcel identification number (PIN or APN) and the county and state. Attach a plat map or survey as an exhibit if one exists.","Pull the legal description from the county assessor's or land registry's official records, not from a prior listing or MLS sheet. Minor transcription errors in legal descriptions have voided sales.",{"step":359,"title":360,"description":361,"tip":362},3,"Set the purchase price and earnest money amount","State the total price in both words and numerals. Set the earnest money at 1–5% of the purchase price for most transactions (higher for competitive markets or long due diligence periods). Name the escrow holder explicitly.","For large rural parcels, consider a two-stage deposit: an initial amount at signing and a larger, non-refundable deposit released at the end of the due diligence period to signal buyer commitment.",{"step":364,"title":365,"description":366,"tip":367},4,"Define the due diligence period","Set a calendar-day count that gives you enough time to complete a title search, survey, environmental assessment, zoning confirmation, and utility investigation. For developed or suburban lots, 30 days may suffice. For rural, agricultural, or development land, 60–90 days is standard.","List every specific investigation you intend to conduct in the due diligence clause — soil tests, wetland delineation, flood zone check, access road status. Named investigations are harder for a seller to object to mid-period.",{"step":369,"title":370,"description":371,"tip":372},5,"List all contingencies with specific deadlines","Identify every condition that must be satisfied before you are obligated to close — financing, environmental clearance, rezoning, survey approval, or third-party consent. Assign a specific calendar deadline to each, separate from the overall due diligence period.","Finance contingencies should state the minimum loan amount, maximum interest rate, and loan type. A vague 'subject to financing' clause has been held unenforceable in several US states.",{"step":374,"title":375,"description":376,"tip":377},6,"Specify closing date, costs, and proration mechanics","Set a fixed closing date — not a range. Allocate closing costs explicitly: which party pays for the title search, owner's title insurance, recording fees, transfer taxes, and attorney fees. Specify that property taxes are prorated to the day of closing.","In states with high transfer taxes (e.g., New York, Maryland), confirm the allocation in writing before signing — an unexpected transfer tax can shift thousands of dollars between parties.",{"step":379,"title":380,"description":381,"tip":382},7,"Review the default and remedies provisions carefully","Confirm that the buyer's default remedy (earnest money forfeiture) and the seller's default remedy (return of deposit plus additional damages or specific performance) are calibrated to the deal size and risk.","For purchases above $500,000, consider giving both parties the right to seek specific performance in addition to monetary remedies — land is legally unique and courts routinely grant it.",{"step":384,"title":385,"description":386,"tip":387},8,"Execute in the required form and record the deed at closing","Both parties must sign before a notary in most jurisdictions. At closing, the buyer's attorney or title company records the executed deed at the county recorder's office or land registry to perfect the transfer of title against third parties.","Do not take possession or begin any work on the land before the deed is recorded. Recording — not signing — is what protects the buyer against subsequent claims from third parties.",[389,393,397,401,405,409],{"mistake":390,"why_it_matters":391,"fix":392},"Using only a street address in the property description","A street address is not a legally definitive identifier for real property and may not match the parcel boundaries recorded in the title chain. Courts have voided sales based on inadequate property descriptions.","Copy the full legal description from the current deed or county land records verbatim, and include the parcel identification number as a secondary reference.",{"mistake":394,"why_it_matters":395,"fix":396},"Setting an unrealistically short due diligence period","A buyer who cannot complete a Phase I environmental assessment, boundary survey, and zoning confirmation within the window is forced to either waive contingencies blindly or forfeit the deposit to extend.","Negotiate a due diligence period of at least 45–60 days for undeveloped land, and list each investigation by name in the clause so the scope is clear to both parties.",{"mistake":398,"why_it_matters":399,"fix":400},"Open-ended contingencies with no satisfaction deadline","A contingency that says 'subject to buyer obtaining financing' with no deadline gives the buyer an indefinite exit right and makes the contract unenforceable as a binding obligation on either party.","Assign a specific calendar date to every contingency, and include a waiver mechanism: if the buyer does not terminate in writing by the deadline, the contingency is deemed waived.",{"mistake":402,"why_it_matters":403,"fix":404},"No cure period for title defects","If the contract requires marketable title but gives the seller no time to cure defects discovered in the title search, the buyer can terminate immediately upon finding any encumbrance — including minor ones the seller could resolve in days.","Include a title objection period (typically 5–10 business days after receiving the title commitment) and a seller cure period (typically 15–30 days), with termination rights only if defects remain uncured.",{"mistake":406,"why_it_matters":407,"fix":408},"Signing the agreement without notarization in a jurisdiction that requires it","Several US states and most non-US jurisdictions require notarization for real property contracts or deeds to be recordable. An unnotarized deed may be rejected at the land registry, leaving the transfer unrecorded and the buyer unprotected.","Confirm notarization requirements in the governing jurisdiction before the signing date, and arrange for a licensed notary to be present at execution.",{"mistake":410,"why_it_matters":411,"fix":412},"Omitting the governing law clause or choosing a non-territorial jurisdiction","Real property law is territorial — courts apply the law of the state or country where the land sits, regardless of what the contract states. A governing law clause selecting a different jurisdiction creates confusion and may be unenforceable.","Set governing law to the jurisdiction where the property is physically located, and confirm that all formalities (notarization, witness requirements, recording) comply with local law.",[414,417,420,423,426,429,432,435,438],{"question":415,"answer":416},"What is a land purchase agreement?","A land purchase agreement is a legally binding contract between a seller and a buyer that sets out all the terms for the transfer of real property — purchase price, earnest money deposit, due diligence period, conditions of sale, title requirements, closing date, and remedies for default. It is the governing document between acceptance of an offer and the recording of the deed, and it creates enforceable obligations on both parties.\n",{"question":418,"answer":419},"Is a land purchase agreement the same as a deed?","No. A land purchase agreement is the contract that obligates the parties to complete a sale on agreed terms. A deed is the instrument that actually transfers ownership and is signed and recorded at closing. The purchase agreement comes first and governs the transaction; the deed is the output of closing. You cannot substitute one for the other.\n",{"question":421,"answer":422},"Does a land purchase agreement need to be notarized?","The purchase agreement itself typically does not require notarization in most US states, but the deed conveying title at closing generally does. In Canada, the UK, and the EU, notarization or witness requirements for both the agreement and the transfer instrument vary by jurisdiction. Always confirm local requirements before execution, as an unnotarized deed may be rejected at the land registry and leave the transfer unrecorded.\n",{"question":424,"answer":425},"What happens during the due diligence period?","During the due diligence period, the buyer investigates the property before becoming unconditionally obligated to close. Typical investigations for land include a title search and title insurance commitment, boundary survey, Phase I environmental site assessment, soil testing, zoning and land-use confirmation, utility access verification, and review of any easements or encumbrances. If the buyer is not satisfied with the results, they may terminate and recover their earnest money deposit within the contractually defined window.\n",{"question":427,"answer":428},"What is earnest money and can I get it back?","Earnest money is a good-faith deposit paid by the buyer at contract signing, typically 1–5% of the purchase price, held by a neutral escrow agent. Whether you can recover it depends on why the transaction does not close. If the buyer terminates during the due diligence period or because a contingency was not satisfied, the deposit is generally returned. If the buyer defaults without a contractual basis, the seller typically retains it as liquidated damages. If the seller defaults, the buyer is entitled to a full refund plus any additional remedies specified in the contract.\n",{"question":430,"answer":431},"What contingencies should be included in a land purchase agreement?","The most common contingencies for land transactions are financing approval, satisfactory Phase I environmental assessment, boundary survey approval, confirmation of zoning or rezoning, title clearance, utility access, and third-party consents such as HOA approval. Each contingency should carry a specific satisfaction deadline and a clear waiver mechanism so the contract does not remain open-ended. Raw land purchases typically carry more contingencies than improved property purchases due to the range of development unknowns.\n",{"question":433,"answer":434},"Who pays closing costs in a land sale?","Closing cost allocation is negotiable and varies by jurisdiction and custom. In most US transactions, the seller pays to release existing liens and the buyer pays for the title search, owner's title insurance, recording fees for the new deed, and buyer's attorney. Transfer taxes and deed stamps are allocated by local custom or contract. Prorations for property taxes are split as of the closing date. Always specify the allocation explicitly in the agreement rather than relying on local custom.\n",{"question":436,"answer":437},"What remedies are available if the seller backs out?","If the seller defaults, the buyer typically has two remedies: terminate the agreement and recover the full earnest money deposit plus any additional damages specified in the contract, or sue for specific performance. Because land is considered legally unique, courts routinely grant specific performance in real estate disputes — compelling the seller to complete the sale. The buyer should include both remedies explicitly in the contract rather than relying on common-law rights alone.\n",{"question":439,"answer":440},"Do I need a real estate attorney for a land purchase agreement?","For most land transactions, yes. Unlike a standard residential home purchase handled through a licensed agent, vacant and rural land sales frequently involve complex title issues, environmental concerns, zoning questions, easements, and water or mineral rights that require legal expertise to identify and address. Attorney fees for a land transaction review typically run $500–$2,000 — a modest cost relative to the transaction value and the consequences of a defective title or an unenforceable contract.\n",[442,446,450,454],{"industry":443,"icon_asset_id":444,"specifics":445},"Real Estate Development","industry-real-estate","Entitlement contingencies, rezoning timelines, and phased closing structures tied to development approvals are standard in acquisition contracts for development sites.",{"industry":447,"icon_asset_id":448,"specifics":449},"Agriculture and Farming","industry-agriculture","Soil quality assessments, water rights, existing crop and lease agreements, and tillable acreage representations are material conditions specific to agricultural land transactions.",{"industry":451,"icon_asset_id":452,"specifics":453},"Construction and Contracting","industry-construction","Utility access, soil bearing capacity, flood zone status, and access road easements are critical due diligence items for contractors acquiring land for building projects.",{"industry":455,"icon_asset_id":456,"specifics":457},"Energy and Natural Resources","industry-energy","Mineral rights, timber rights, solar and wind development easements, and environmental permit requirements are transaction-specific considerations for resource-related land acquisitions.",[459,462,465,468],{"vs":70,"vs_template_id":460,"summary":461},"real-estate-purchase-agreement-D13425","A real estate purchase agreement covers the sale of improved property — typically a home or commercial building together with the underlying land. A land purchase agreement is used for vacant or undeveloped parcels where no structure is included. Land transactions require additional due diligence around zoning, environmental conditions, and utilities that are less prominent in improved property sales.",{"vs":38,"vs_template_id":463,"summary":464},"land-lease-agreement-D13426","A land lease agreement grants the tenant the right to use a parcel for a defined period in exchange for rent, but title never transfers to the tenant. A land purchase agreement results in full transfer of ownership at closing. Use a lease when the buyer cannot or does not wish to acquire title outright, or when the seller wants to retain ownership while generating income.",{"vs":244,"vs_template_id":466,"summary":467},"real-estate-letter-of-intent-D13600","A letter of intent records the parties' preliminary agreement on price and key terms but is typically non-binding and does not obligate either side to close. A land purchase agreement is the binding contract that replaces the LOI. An LOI is useful for complex deals requiring extended negotiation, but it must be superseded by a fully executed purchase agreement before any party is legally committed.",{"vs":251,"vs_template_id":469,"summary":470},"D{OPTION_TO_PURCHASE_ID}","An option to purchase gives the buyer the right — but not the obligation — to buy the land at a fixed price within a set period, in exchange for an option fee. A land purchase agreement creates a mutual obligation: both parties are bound to close on agreed terms. Use an option when the buyer needs time to secure financing or permits before committing, and a purchase agreement when both parties are ready to transact.",{"use_template":472,"template_plus_review":476,"custom_drafted":480},{"best_for":473,"cost":474,"time":475},"Straightforward cash purchases of residential lots or small rural parcels between private parties in a single jurisdiction","Free","1–2 hours to complete",{"best_for":477,"cost":478,"time":479},"Purchases involving financing, environmental concerns, easements, or agricultural use in any US state or Canadian province","$500–$1,500 for attorney review and closing coordination","3–7 days",{"best_for":481,"cost":482,"time":483},"Commercial development sites, cross-border transactions, complex title issues, mineral rights, or transactions above $500,000","$1,500–$5,000+","1–3 weeks",[485,490,495,500],{"code":486,"name":487,"flag_asset_id":488,"note":489},"us","United States","flag-us","Real property law is state-specific in the US. Recording requirements, transfer tax rates, required disclosures, and title insurance practices vary significantly by state. California, Texas, New York, and Florida each impose distinct requirements. In some states (e.g., Louisiana), property law is based on civil law rather than common law, requiring different contract structures. Always confirm whether your state requires an attorney at closing or permits title company closings.",{"code":491,"name":492,"flag_asset_id":493,"note":494},"ca","Canada","flag-ca","Real property transactions in Canada are governed by provincial law. Ontario, British Columbia, and Alberta each have distinct land transfer tax rates and disclosure obligations. Quebec operates under the Civil Code of Quebec, which requires a notarized deed (acte de vente) before a notaire rather than a common-law closing. Non-resident buyers are subject to federal and provincial foreign buyer restrictions and withholding tax obligations under the Income Tax Act.",{"code":496,"name":497,"flag_asset_id":498,"note":499},"uk","United Kingdom","flag-uk","In England and Wales, land sales proceed through an exchange of contracts followed by completion; the agreement corresponds to the pre-exchange stage. Land Registry registration is compulsory for all freehold disposals. Scotland operates under a separate legal system where missives form the binding contract. Stamp Duty Land Tax (SDLT) in England, Land Transaction Tax in Wales, and Land and Buildings Transaction Tax in Scotland apply at varying rates depending on purchase price and buyer status.",{"code":501,"name":502,"flag_asset_id":503,"note":504},"eu","European Union","flag-eu","EU member states each maintain independent real property law, and no single EU-wide framework governs land sales. Most civil-law jurisdictions (France, Germany, Spain, Italy) require a notarized deed executed before a state-licensed notaire or Notar as a mandatory formality for title transfer. GDPR applies to any personal data collected and processed during the transaction. Foreign buyers in several member states face additional notification or approval requirements for agricultural land acquisition.",[506,507,508],"real-estate-due-diligence-checklist","understanding-title-insurance","how-real-property-transfers-work",[237,248,245,510,511,512,513,514,515,516,517,518],"quitclaim-deed-D394","warranty-deed-D993","promissory-note-D434","assignment-of-deed-of-trust-D975","offer-to-purchase-shares-agreement-D334","non-disclosure-agreement-nda-D12692","checklist-customer-due-diligence-D13916","independent-contractor-agreement-D160","escrow-agreement-D1173",{"emit_article":202,"emit_faq_page":202,"emit_how_to":202,"emit_defined_term":202,"emit_breadcrumb_list":202,"emit_software_application":184},{"primary_folder":114,"secondary_folder":521,"document_type":522,"industry":523,"business_stage":524,"tags":525,"confidence":529},"real-estate-and-leases","agreement","real-estate","all-stages",[523,526,527,528],"contract","land-purchase","property-transfer",0.95,"\u003Ch2>What is a Land Purchase Agreement?\u003C/h2>\n\u003Cp>A \u003Cstrong>Land Purchase Agreement\u003C/strong> is a legally binding contract between a seller and a buyer that governs every material term of a real property sale — purchase price, earnest money deposit, due diligence period, conditions and contingencies, title requirements, closing date, and remedies for default. Unlike an offer letter or letter of intent, a signed purchase agreement creates enforceable obligations on both parties and serves as the governing document from acceptance through the recording of the deed at closing. It is used for vacant lots, rural parcels, agricultural land, development sites, and any other transfer of real property where no existing structure is included in the sale.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Proceeding with a land transaction without a comprehensive written agreement exposes both buyer and seller to serious legal and financial risk. A buyer without a due diligence period and title contingency may close on land with an undisclosed easement, environmental contamination, or a defective title chain — all of which become the buyer's problem the moment the deed is recorded. A seller without clear default and remedy provisions may find themselves unable to retain the deposit or compel closing when a buyer walks away. Verbal agreements for real property are unenforceable under the Statute of Frauds in virtually every jurisdiction. This template gives you a professionally structured starting point that covers every critical term, reduces the risk of disputes, and gives both parties a clear road map from signed contract to closed sale.\u003C/p>\n",1780924279344]