Land Sale Agreement

SELLER'S LETTERHEAD

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LAND SALE AGREEMENT

This Land Sale Agreement (hereinafter referred to as the “Agreement”) is made and entered into on this {{day}} day of {{month}}, {{year}}, by and between:

{{seller_name}}, of {{seller_address}} (hereinafter referred to as the “Seller”), and

{{buyer_name}}, of {{buyer_address}} (hereinafter referred to as the “Buyer”).

1. PROPERTY DESCRIPTION

The Seller agrees to sell and the Buyer agrees to purchase the following described property (hereinafter referred to as the “Property”):

Parcel Number: {{parcel_number}}

Physical Address: {{property_address}}

Legal Description: {{legal_description}}

Size: Approximately {{land_size}} square meters/acres

2. PURCHASE PRICE

The total purchase price for the Property shall be {{currency}} {{purchase_price}} ({{purchase_price_words}}).

A deposit of {{currency}} {{deposit_amount}} ({{deposit_amount_words}}) shall be paid by the Buyer to the Seller upon the signing of this Agreement. This deposit shall be non-refundable except as otherwise provided in this Agreement.

The remaining balance of {{currency}} {{balance_amount}} ({{balance_amount_words}}) shall be paid by the Buyer to the Seller on or before {{closing_date}} (hereinafter referred to as the “Closing Date”).

3. TERMS OF PAYMENT

Payment shall be made by {{payment_method}} to the Seller’s nominated bank account: {{bank_name}}, Account No: {{account_number}}, Swift Code: {{swift_code}}.

4. CONDITIONS OF SALE

The sale of the Property is subject to the following conditions:

4.1 The Buyer shall obtain financing for the purchase price within {{financing_days}} days from the date of this Agreement, failing which this Agreement may be terminated by either party.

4.2 The Seller shall provide all necessary documentation for the transfer of title, including but not limited to the title deed, land rates clearance certificate, and land rent clearance certificate, on or before the Closing Date.

4.3 The Property shall be sold “as is” and the Buyer acknowledges having inspected the Property and being satisfied with its condition.

5. TRANSFER OF TITLE

Upon full payment of the purchase price, the Seller shall execute all necessary documents to transfer the title of the Property to the Buyer. The costs associated with the transfer of title, including stamp duty and legal fees, shall be borne by {{party_responsible_for_costs}}.

6. POSSESSION

Vacant possession of the Property shall be given to the Buyer on the Closing Date, provided the full purchase price has been paid.

7. DEFAULT

In the event of default by the Buyer, the deposit paid shall be forfeited to the Seller as liquidated damages.

In the event of default by the Seller, the Seller shall refund the deposit to the Buyer in full, along with {{penalty_percentage}}% of the purchase price as liquidated damages.

8. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of {{country_name}}.

9. DISPUTE RESOLUTION

Any dispute, controversy, or claim arising out of or relating to this Agreement, or the breach, termination, or invalidity thereof, shall be settled by arbitration in accordance with the rules of the {{arbitration_body}}.

SIGNATURES

IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.

_____________________________

SELLER’S NAME: {{seller_name}}

ID/Passport No: {{seller_id}}

Signature: __________________________

_____________________________

BUYER’S NAME: {{buyer_name}}

ID/Passport No: {{buyer_id}}

Signature: __________________________

_____________________________

WITNESS NAME: {{witness_name}}

ID/Passport No: {{witness_id}}

Signature: __________________________