Free Transfer of Land Ownership Agreement

I. Introduction

This Transfer of Land Ownership Agreement ("Agreement") is made on November 12, 2050, between the Seller, Sky Ferry, and the Buyer, Dahlia White, for the transfer of ownership of a certain parcel of land located at Rochester, NY 14602.

The purpose of this Agreement is to formalize the transfer of ownership rights of the property described herein.

II. Parties Involved

This Agreement is entered into by the following parties:

• Seller: Sky Ferry
  Address: Rochester, NY 14602
  Contact: sky@you.mail

• Buyer: Dahlia White
  Address: Grand Rapids, MI 49501
  Contact: dahlia@you.mail

III. Description of the Property

The property being transferred is located at Rochester, NY 14602 and is legally described as follows:

• Parcel Number: 123-456-789

• Size: 5.00 acres

• Legal Description: Lot 15 in Block 4, Greenfield Subdivision

IV. Terms of Transfer

The Seller agrees to transfer the land located at Rochester, NY 14602 to the Buyer under the following terms:

• Transfer Price:
  The total purchase price for the land is $250,000, payable as follows:

  • Down Payment: $50,000

  • Remaining Balance: $200,000, due on January 15, 2051.

• Payment Method:
  Payments shall be made via wire transfer to the Seller’s designated bank account.

• Transfer Date:
  The transfer of ownership shall be completed on January 15, 2051.

V. Rights and Obligations of the Parties

Seller’s Rights and Obligations:

• The Seller warrants that they are the sole legal owner of the property and have the right to sell it.

• The Seller shall provide all necessary documents, including title deeds and clearances, to complete the transfer.

Buyer’s Rights and Obligations:

• The Buyer agrees to pay the purchase price as outlined above.

• The Buyer shall assume responsibility for the property as of the transfer date, including taxes, utilities, and maintenance costs.

VI. Representations and Warranties

The Seller represents and warrants that:

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

• The land complies with all zoning laws and regulations.

The Buyer represents and warrants that:

• They have conducted due diligence on the property and are satisfied with its condition.

• The Buyer has the financial capacity to complete the transaction.

VII. Governing Law and Dispute Resolution

This Agreement shall be governed by the laws of New York. Any disputes arising from this Agreement will be resolved through mediation, conducted in Rochester, NY, unless the parties mutually agree otherwise.

VIII. Signatures and Execution

IN WITNESS WHEREOF, the parties have executed this Transfer of Land Ownership Agreement as of the date first above written.

Seller:

Name: Sky Ferry
Date: November 12, 2050

Buyer:

Name: Dahlia White
Date: November 12, 2050

Prepared by: [YOUR NAME]
Email: [YOUR EMAIL]

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