RURAL LAND SALE AGREEMENT
I. AGREEMENT OVERVIEW
This Rural Land Sale Agreement (the "Agreement") is entered into on the 4th day of December 2050, by and between [Your Name], of [Your Company Name], with a principal business address at [Your Company Address] (hereinafter referred to as "Seller"), and Jarvis White, of BluWave, with a principal business address at Salt Lake City, UT 84101 (hereinafter referred to as "Buyer").
The Seller agrees to sell, and the Buyer agrees to purchase, the rural land described in this Agreement, subject to the terms and conditions set forth herein.
II. PROPERTY DESCRIPTION
Identification of Property
The property subject to this Agreement is described as follows:
Address: 453 Meadowbrook Lane, Salt Lake City, UT 84101
Parcel Number: 876-543-210
Acreage: Approximately 150 acres
Legal Description: The parcel is situated in Section 9, Township 12 North, Range 8 West, Salt Lake County, Utah. The property is bounded by Forest Road to the north and Creekside Trail to the south, with no encumbrances on title except as noted in the Seller's disclosure.
The property described above is hereinafter referred to as the "Property."
III. PURCHASE PRICE AND PAYMENT TERMS
Purchase Price
The total purchase price for the Property shall be $1,250,000 (the "Purchase Price").
Payment Terms
Deposit: Upon execution of this Agreement, the Buyer shall pay a non-refundable deposit of $100,000, which will be credited toward the Purchase Price at closing.
Balance: The remaining balance of $1,150,000 shall be paid in full at closing by certified funds or wire transfer.
IV. CLOSING TERMS
Closing Date
The closing of this transaction shall occur on or before June 4, 2050, unless extended by mutual written consent of both parties.
Closing Costs
The parties agree to allocate closing costs as follows:
The Seller shall be responsible for property taxes prorated to the date of closing and any costs related to clearing title.
The Buyer shall be responsible for title insurance, recording fees, and all other associated closing costs.
Title and Deed
At closing, the Seller shall deliver to the Buyer a warranty deed conveying clear, marketable title to the Property, free from all liens and encumbrances, except for those listed in the Seller's disclosure.
V. REPRESENTATIONS AND WARRANTIES
Seller Representations
The Seller represents and warrants that:
The Seller has full authority to sell the Property.
The Property is free of hazardous substances or contamination.
There are no undisclosed encumbrances or third-party claims on the Property.
Buyer Representations
The Buyer represents and warrants that:
The Buyer has conducted or waived the right to inspections of the Property.
The Buyer has the financial capacity to complete the purchase.
VI. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of Utah, without regard to its conflict of laws principles.
VII. DISPUTE RESOLUTION
The parties agree to resolve any disputes arising out of this Agreement through mediation. If mediation is unsuccessful, the dispute may be resolved through litigation in the appropriate courts located in Salt Lake City, Utah.
VIII. NOTICES
All notices required or permitted under this Agreement shall be sent to the following:
Seller: [Your Name], [Your Company Name], [Your Company Address]
Buyer: Jarvis White, BluWave, Salt Lake City, UT 84101
IX. SIGNATURES
By signing below, the parties agree to the terms and conditions set forth in this Agreement as of the date first written above.
Seller: [Your Name]
[Your Company Name]
Date: January 1, 2050
Buyer: Jarvis White
BluWave
Date: January 1, 2050
For any questions or concerns regarding this Agreement, please contact [Your Name] at [Your Email] or [Your Company Email].
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