Free Land Agreement Design

This Agreement is made and entered into on this [Date], by and between:

1. The Seller/Owner
Name: [Seller's Full Name]
Address: [Seller's Full Address]
Contact Information: [Phone Number, Email Address]

2. The Buyer
Name: [Buyer's Full Name]
Address: [Buyer's Full Address]
Contact Information: [Phone Number, Email Address]

Collectively referred to as the "Parties."

1. Description of the Property

The property subject to this agreement is described as follows:

Location: [Address or Plot Number]
Size: [Land Size in Acres or Square Feet]
Title Reference Number: [Document Number]
Other Details (if any): [Details like landmarks, zoning, utilities, etc.]

2. Purchase Price

The total purchase price for the property is [Amount in words and figures, e.g., $50,000 (Fifty Thousand Dollars)].

Payment Terms:

• Initial Deposit: [Amount and date of payment]

• Balance Payment: [Amount and due date]

3. Conditions Precedent

The agreement is contingent upon the following:

• Verification of the property title by the Buyer.

• Payment of applicable taxes and fees by the [Party responsible].

• Other conditions: [Specify other conditions, such as inspections, permits, etc.]

4. Transfer of Ownership

Ownership of the property will be transferred to the Buyer upon:

1. Full payment of the purchase price.

2. Execution of the relevant transfer documents.

3. Registration with the appropriate land registration authority.

5. Representations and Warranties

The Seller represents and warrants that:

• They hold valid title to the property.

• The property is free from liens, encumbrances, or disputes.

The Buyer represents and warrants that:

• They will abide by all local regulations regarding land ownership.

6. Default

In the event of a breach of this agreement:

• If the Buyer defaults, the Seller may retain the deposit as liquidated damages.

• If the Seller defaults, the Buyer may seek a deposit refund or legal remedies.

7. Dispute Resolution

All disputes arising from this agreement will be resolved through:

1. Negotiation between the Parties.

2. [Specify method: Mediation/Arbitration/Court jurisdiction]

8. Miscellaneous

• Entire Agreement: This document is the entire agreement between the Parties.

• Amendments: Any changes must be in writing and signed by both Parties.

• Governing Law: This agreement is governed by [Jurisdiction/State/Country] laws.

Signatures

IN WITNESS WHEREOF, the Parties have executed this agreement on the date first above written.

Seller/Owner:
Signature: __________________________
Name: [Your Name]
Date: [Date]

Buyer:
Signature: __________________________
Name: [Printed Name]
Date: [Date]

Attachments

1. Copy of Property Title.

2. Proof of Deposit Payment.

3. Any other relevant documents.

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