LAND PURCHASE AGREEMENT

 

This LAND PURCHASE AGREEMENT ("Agreement") is made on 31 May 2025

(1)            PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the "Seller")

(2)            PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the "Buyer") (along with the Service Provider, each a "Party", together the "Parties")

1. The Property

1.1 The Seller agrees to sell and the Buyer agrees to purchase the property described below (the "Property"): 

PROPERTY_DESCRIPTION

1.2 The Property includes all land, improvements, easements, licenses, fixtures and appurtenances.

2. The Purchase Price

2.1. The Purchase price of the said Property shall be $ PURCHASED_PRICE (the "Purchase Price") which shall be paid by the Buyer to the Seller as follows: 

(a) Initial deposit shall be due upon signing of this Agreement in the sum of $ INITIAL_DEPOSIT (the "Deposit").

(b) Balance of purchase price shall be paid upon Closing on or before  in the sum of $ BALANCE_PAYMENT_AMOUNT. 

2.2 Each Party shall bear its own legal and professional fees. Stamp duty and registration costs shall be borne by the as mutually agreed by the parties hereto.

3. Closing Date

3.1 The closing of the sale and purchase of the Property (the "Closing") shall take place on or before DATE (the "Closing Date"), unless otherwise mutually agreed in writing by the Parties.

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