Highlights of the Agreement for Selling a Farm, Ranch or Vacant Land
An agreement is a must while selling or buying a house, office or a piece of land. When it comes to selling a farm, ranch or vacant land, the case is no different. An agreement has to be prepared with all the essential points included and has to be signed by both the seller and the buyer. Here are some key highlights of how an agreement for Sale of ranch, farm or vacant land should be.
The date of the agreement between the seller and the buyer is a must.
It is clearly mentioned in the agreement that buyer and seller agrees to buy and sell the mentioned property respectively as per the rules and regulations stated in the contract.
Name of the buyer along with how he or she is going to take the title to the mentioned property has to be clearly mentioned in the agreement.
The complete address of the property needs to be mentioned in the agreement.
Everything about the dates and deadline is to be mentioned clearly in the contract.
The items that are part of the purchase price have to be mentioned clearly in the agreement. These items can be anything and everything like smoke detectors, security systems, water rights, fixtures etc.
All the points related to purchase price and its related terms, financing conditions and obligations should be mentioned in the sale agreement.
Appraisal provision, evidence of title, property disclosure and other such important factors has to be the part of the agreement.
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