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Vacant Land Sale Contract
"I need a Vacant Land Sale Contract for a 5-acre agricultural parcel in Montana, with specific provisions for water rights and mineral rights retention by the seller, to be completed by March 2025."
1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Context of the sale and basic property information
3. Definitions: Key terms used throughout the contract
4. Property Description: Detailed legal description of the vacant land including boundaries and parcel numbers
5. Purchase Price: Amount and payment terms
6. Due Diligence Period: Timeline and terms for buyer's investigation of the property
7. Closing Terms: Closing date, location, and requirements
8. Representations and Warranties: Seller's statements about the property's condition and title
9. Default and Remedies: Consequences of breach by either party
1. Mineral Rights: Terms regarding mineral rights retention or transfer, used when mineral rights are relevant to the property location
2. Water Rights: Terms regarding water rights transfer, particularly important in western states
3. Environmental Provisions: Special environmental considerations or requirements, used when property has known environmental issues
4. Development Restrictions: Specific limitations on future development, used when there are zoning or development constraints
5. Financing Contingency: Terms related to buyer's financing requirements, used when purchase is contingent on buyer obtaining financing
1. Property Survey: Current survey showing property boundaries and features
2. Title Report: Current title report showing encumbrances and restrictions
3. Environmental Reports: Any environmental studies or assessments
4. Zoning Documentation: Current zoning certificates or verification
5. Property Tax Records: Current tax assessment and payment status
6. Deed Form: Form of deed to be used at closing
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