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					This Land Contract is used for the sale of land from a seller to a buyer. This document
contains the material terms and conditions of the agreement including a legal
description of the land, the purchase price, earnest money, and seller's covenants and
warranties. It contains numerous standard provisions that are commonly included in
these types of agreements, and may be tailored to address the specific needs of the
contracting parties. This document should be used by buyers and sellers of land.
                             LAND CONTRACT
Between:


Buyer
By_________________________
Title:_____________________

&

Seller
By:_________________________
Title:_____________________

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**

The undersigned Holder acknowledges receipt of $________ as Earnest Money hereunder,
and agrees to be bound by the provisions of this
Contract____________________________

Holder

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**

W I T N E S S E T H:

THE PARTIES hereto, intending to be legally bound, hereby agree as follows:

1. Property Details

Seller hereby agrees to sell the parcel of land (“Premises”), more particularly and legally
described in the Schedule A, to Buyer and Buyer will purchase from Seller, as provided in
this Contract.

2. Purchase Price, Financing, and Earnest Money

2.1 Purchase Price. Buyer will at Closing pay the Seller a purchase price of
$____________________________in the following manner:

a. The Earnest Money of $ _______ will be paid at the time of execution of this Contract
and $________ by ___________, 20___
b. The balance of the Purchase Price will be paid (subject to pro-ratings and closing
adjustments):

i. $______ by cash

ii. $ _______upon acceptance of title subject to the following Continuing Mortgages

[Any other if applicable]

2.2 Earnest Money. The Earnest Money of $________, will be paid in the manner
described above, and will be held (subject to section 12. 2) by the ______________
("Holder") for the benefit of Buyer and Seller.

a. Holder will hold any cash as specified until Closing or earlier termination of the
Contract and will pay over or apply the cash and deliver any other deposits in accordance
with the Contract.

b. Use of deposited funds.

i. If Closing occurs as scheduled, any cash that is so held will be paid by Holder to Seller,
and any earnings thereon will be paid to Buyer. Any deposit other than cash will be treated
as cash unless otherwise specified.

ii. If Closing does not occur as scheduled:

A. On the receipt of a notice from a party Holder shall notify the other party of such a
notice to deliver the Earnest Money. If Holder does not receive a written objection from
the other party to the proposed delivery within ___ business days after Holder gave such
notice, Holder is authorized to deliver the deposit. If Holder receives an objection within
the notice period or if for any other reason Holder in good faith elects not to deliver the
deposit, Holder will continue to hold the deposit until otherwise directed by instructions
from the parties or a final judgment of a court.

B. Any earnings on the Ea
				
DOCUMENT INFO
Description: This Land Contract is used for the sale of land from a seller to a buyer. This document contains the material terms and conditions of the agreement including a legal description of the land, the purchase price, earnest money, and seller's covenants and warranties. It contains numerous standard provisions that are commonly included in these types of agreements, and may be tailored to address the specific needs of the contracting parties. This document should be used by buyers and sellers of land.
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This document is also part of a package Land Contract Starter Kit 9 Documents Included