Free Printable Land Purchase Agreement

I. PARTIES TO THE AGREEMENT

This Land Purchase Agreement (the "Agreement") is made and entered into on June 15, 2050, by and between:

Seller: [Your Company Name]
Address: [Your Company Address]
Contact Person: [Your Name]

Buyer: BeansBee
Address: Nashville, TN 37201
Contact Person: Porter Hoppe

II. PROPERTY DESCRIPTION

The real property that is the subject of this Agreement is described as follows:

• Property Address: 123 Oakview Lane, Nashville, TN 37201

• Type of Property: Residential Land

• Size: 1.5 Acres

• Legal Description:
  Parcel ID: 256-789-654
  Lot 12, Block 4, Oakview Estates Subdivision, Davidson County, Tennessee.

III. PURCHASE PRICE AND PAYMENT TERMS

• Purchase Price: The total purchase price for the Property is $300,000.

• Deposit: A deposit of $30,000 will be paid by Buyer to Seller upon execution of this Agreement.

• Balance: The remaining balance of $270,000 will be paid at closing.

• Payment Method: The Buyer shall make the payment of the remaining balance by wire transfer to the Seller’s designated account on or before the Closing Date.

IV. CLOSING AND TRANSFER OF TITLE

• Closing Date: Closing shall occur on or before August 1, 2050, unless the parties mutually agree to extend the date.

• Closing Location: Closing will occur at a mutually agreed location or can be completed electronically, if necessary.

• Closing Costs:

  • Seller’s Responsibility: Seller shall be responsible for the cost of preparing the deed, conducting the title search, and paying recording fees.

  • Buyer’s Responsibility: Buyer shall be responsible for title insurance, closing agent fees, survey fees, and applicable transfer taxes.

• Required Documents:

  • Deed transferring title of the Property from the Seller to the Buyer.

  • Title report confirming the Property is free from liens and encumbrances.

V. WARRANTIES AND REPRESENTATIONS

Seller’s Warranties:

1. The Seller is the legal and rightful owner of the Property and has the authority to sell it.

2. The Property is free of any liens, encumbrances, or legal claims, except as disclosed to the Buyer.

Buyer’s Warranties:

1. The Buyer has completed all due diligence, including reviewing the title and inspecting the Property.

2. The Buyer has the financial ability to complete the purchase as outlined in this Agreement.

VI. DEFAULT AND REMEDIES

In the event of default, the following remedies shall apply:

• Seller’s Default: If the Seller defaults, the Buyer may:

  • Terminate the Agreement and receive the deposit back, or

  • Pursue specific performance or other legal remedies.

• Buyer’s Default: If the Buyer defaults, the Seller may:

  • Terminate the Agreement and retain the deposit as liquidated damages, or

  • Pursue specific performance or other legal remedies.

VII. GOVERNING LAW

This Agreement will be governed by and construed in accordance with the laws of the State of Tennessee.

VIII. SIGNATURES

By signing below, both parties confirm their acceptance of all terms and conditions outlined in this Agreement:

For Seller: [Your Company Name]

By: [Your Name]
Title: Chief Executive Officer
Date: June 15, 2050

For Buyer: BeansBee

By: Porter Hoppe
Title: Chief Operations Officer
Date: June 15, 2050

For any additional inquiries or to request further documentation, please contact [Your Name] at [Your Email] or [Your Company Email].

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