This Agreement to Sell Land is used when a seller agrees to sell land to a buyer. This
document includes general information and instructions on how to use the Agreement to
Sell Land template. The agreement contains the material terms and conditions of the
sale including a legal description of the land, the purchase price, 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.
AGREEMENT TO SELL LAND
This Agreement to Sell Land (the â€œAgreementâ€) is hereby entered into on this
____________ day of ________, ___________ (the â€œEffective Dateâ€) by and between
_____________ (â€œBuyerâ€) and __________________ (â€œSellerâ€).
The Parties hereto, intending to be legally bound, hereby agree as follows:
1. Property Details
Seller hereby agrees to sell the parcel of land located at ______________________ and
more particularly described in Schedule â€œAâ€ attached hereto (the â€œPropertyâ€) to Buyer and Buyer
agrees purchase same from Seller.
2. Purchase Price, Financing, and Earnest Money
2.1 Purchase Price
Buyer shall pay to Seller the purchase price of ____________________________ dollars
($__) in the following manner:
a. The Earnest Money amount of _______ ($__) shall be paid at the time of the
Effective Date set forth herein and above.
b. The balance of the Purchase Price shall be paid (subject to pro-ratings and closing
adjustments) by cash at the time of Buyerâ€™s acceptance of title, subject to the following
Continuing Mortgages: ___________________ [Any other if applicable]
2.2 Earnest Money
The Earnest Money shall will be paid in the manner described above, and shall be held by
______________ (â€œHolderâ€) for the benefit of Buyer and Seller.
a. Holder will hold any cash as specified until Closing or the earlier termination of
this Agreement and will pay over or apply the cash and deliver it and any other deposits made in
accordance with the terms of this Agreement.
b. Use of Deposited Funds
i. If Closing occurs as scheduled, any cash that is so held by Holder shall be
paid by Holder to Seller, and any earnings thereon shall be paid to Buyer. A deposit made in a
form other than cash will be treated as cash unless otherwise specified.
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ii. If Closing does not occur as scheduled:
(a). Upon receipt of a notice from a Party demanding delivery of the
Earnest Money, Holder shall notify the other Party of such a notice. If Holder does not receive a
written objection to the delivery demand from the other Party within ___ (__) business days after
the date upon which Holder gave such notice, Holder is authorized to deliver the deposit to the
demanding Party. If Holder receives an objection within the notice period or if for any