Get the free Vacant Land Contract - Prudential Sterling Properties

Vacant Land Contract 1 2× 3 4 5× 6× 7 8 9 10 11 × 12 × 13 1. Sale and Purchase: (Seller) and (Buyer) (the parties) agree to sell and buy on the terms and conditions specified below the property

How to fill out vacant land contract

How to fill out a vacant land contract:

1. Begin by obtaining a vacant land contract form/template either from a real estate attorney, online legal services, or local office supply store.
2. Carefully read through the entire contract to familiarize yourself with the terms and conditions mentioned.
3. Fill in the necessary personal information, such as your name, address, and contact details, as well as the other party's information involved in the contract.
4. Describe the vacant land being sold accurately and thoroughly. Include its legal description, boundaries, and any other relevant details that identify the property clearly.
5. Determine the purchase price and the terms of payment. Indicate if a down payment is required and specify when and how the remainder of the payment should be made.
6. If there are any contingencies or conditions relevant to the contract, document them clearly. For example, mention if the sale is subject to soil testing, surveying, or any necessary permits or zoning approvals.
7. Set a specific timeframe for the contract, including the date by which the buyer must provide a written offer or complete the transaction. Mention any penalties or consequences for non-compliance with the agreed-upon terms.
8. Specify who will be responsible for paying property taxes, maintaining the land, and any other relevant expenses.
9. Include clauses regarding the allocation of closing costs and title insurance, as well as any provisions for mortgage assumption, financing, or seller financing if applicable.
10. Add a clause stating that the agreement is binding and that any modifications must be made in writing and signed by all parties involved.
11. Have both parties carefully review and sign the completed vacant land contract, then make copies for each party to keep for their records.

Who needs a vacant land contract:

1. Individuals or investors who are interested in buying or selling a vacant piece of land.
2. Builders or developers looking to acquire land for construction projects.
3. Farmers or agricultural enthusiasts seeking to purchase agricultural land.
4. Real estate agents or brokers assisting clients in buying or selling vacant land.
5. Municipalities or government bodies involved in land transactions for public works or infrastructure development.

Please note that it is always advisable to consult with a qualified real estate attorney or professional for specific legal advice and guidance when filling out a vacant land contract to ensure compliance with local laws and regulations.

For pdfFiller’s FAQs

What is vacant land contract?

A vacant land contract is a legal document outlining the terms and conditions of the sale or lease of vacant land.

Who is required to file vacant land contract?

The buyer and seller of the vacant land are required to file the vacant land contract.

How to fill out vacant land contract?

The vacant land contract should be filled out with all the necessary details of the sale or lease agreement, signed by both parties, and notarized if required.

What is the purpose of vacant land contract?

The purpose of a vacant land contract is to establish the agreement between the buyer and seller regarding the sale or lease of the land.

What information must be reported on vacant land contract?

The vacant land contract should include details such as the legal description of the land, purchase price or lease terms, closing date, and any other relevant terms and conditions.

How can I send vacant land contract to be eSigned by others?

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