This Real Estate Sale Contract (Land Only) is used for transactions involving the sale of vacant land. This contract is for use when the buyer is paying cash for the land, obtaining a new loan or assuming an existing one or the seller is financing the land purchase. This sale contract contains the customary sale terms along with provisions regarding financing and inspections. It is imperative that this sale contract be set out in writing. A written Real Estate Sale Contract for Land Only will prove valuable in the event there are disagreements or misunderstandings between the buyer and seller.

This Real Estate Sale Contract (Land Only) contains the following provisions:

• Property To Be Sold: Sets forth the address and detailed legal description of the vacant land;
• Purchase Price/Payment: Sets forth the total purchase price and payment terms and conditions;
• Credit Check: If seller provides financing under this contract, the buyer must agree to a credit check and to provide all necessary financial information;
• Earnest Money: If earnest money is held by someone other than the seller, this money must be deposited in an insured escrow account;
• Sale Contingencies: If buyer financing is provided by a third party, the buyer agrees to obtain firm commitment for this financing;
• Additional Contingencies: Sets forth the contingencies which must be completed prior to closing such as property, contractor and environmental inspections;
• Physical Condition of Property: Buyer acknowledges that a casual inspection was made and there are no apparent problems;
• Utilities: The utilities which are provided on the vacant land;
• Delivery of Deed: The seller shall deliver marketable title to the land via warranty deed;
• Taxes and Other Prorations: Sets forth that all taxes, rent, interest, insurance and other expenses will be prorated as of the closing date;
• Closing and Possession: Sets forth the date of the closing and that buyer will have immediate possession of the land;
• Closing Costs: A detailed list of how closing costs will be paid (by buyer, seller or both parties to share in the costs);
• Disputes/Pending Litigation: Sets out how any disputes regarding this contract will be resolved and that no legal action is presently pending;
• Signatures: The seller(s) and buyer(s) must sign and date this sale contract;
• Earnest Money Receipt: A receipt to be signed by the earnest money holder agreeing to hold the funds in escrow and to disburse these funds according to the terms of the sale contract.

Protect Your Rights and Your Property by using this accurate and up-to-date form. This lawyer-prepared package includes:

1. Instructions and Checklist
2. General Information
3. Real Estate Sale Contract (Land Only) for use in England and Wales

Law Compliance: This form complies with the laws of England and Wales