The Unimproved Property Contract is essential for transactions involving vacant land in the United States. It serves as the primary document for establishing the terms of sale for undeveloped property, whether for future development, agricultural use, or investment purposes. This contract type requires specific considerations not found in improved property contracts, such as zoning verification, environmental assessments, and utility access. It must comply with both federal regulations and state-specific real estate laws, while addressing unique aspects of unimproved land such as soil conditions, topography, and development potential.
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1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Context of the transaction and property description
3. Definitions: Key terms used throughout the contract
4. Property Description: Legal description and details of the unimproved property
5. Purchase Price: Amount and payment terms
6. Closing: Closing date and requirements
7. Title: Title requirements and transfer provisions
8. Representations and Warranties: Statements of fact by both parties
1. Mineral Rights: Section covering the retention or transfer of rights to subsurface minerals
2. Water Rights: Section detailing rights to water on or under the property, particularly important in Western states
3. Development Restrictions: Section outlining specific limitations on future development of the property
4. Environmental Provisions: Section covering environmental requirements, restrictions, and obligations
1. Schedule A - Property Survey: Detailed survey showing property boundaries and dimensions
2. Schedule B - Title Report: Current title report showing encumbrances and title status
3. Schedule C - Environmental Reports: Environmental assessments and related documentation
4. Schedule D - Zoning Documentation: Current zoning status, restrictions, and related certificates
Relevant legal definitions
Agreement
Property
Purchase Price
Closing Date
Closing
Deed
Due Diligence Period
Effective Date
Earnest Money
Encumbrances
Environmental Laws
Hazardous Materials
Improvements
Land
Mineral Rights
Permitted Exceptions
Property Documents
Purchase Price
Real Property
Survey
Title Commitment
Title Company
Title Insurance Policy
Title Objections
Water Rights
Zoning Laws
Business Day
Deposit
Escrow Agent
Force Majeure
Permitted Use
Recording
Title Defects
Property
Purchase Price
Closing Date
Closing
Deed
Due Diligence Period
Effective Date
Earnest Money
Encumbrances
Environmental Laws
Hazardous Materials
Improvements
Land
Mineral Rights
Permitted Exceptions
Property Documents
Purchase Price
Real Property
Survey
Title Commitment
Title Company
Title Insurance Policy
Title Objections
Water Rights
Zoning Laws
Business Day
Deposit
Escrow Agent
Force Majeure
Permitted Use
Recording
Title Defects
Clauses
Property Description
Purchase Price
Payment Terms
Due Diligence
Title and Survey
Representations and Warranties
Environmental Matters
Conditions Precedent
Closing Conditions
Mineral Rights
Water Rights
Land Use and Zoning
Property Access
Default and Remedies
Risk of Loss
Warranties of Title
Property Condition
Assignment
Notices
Governing Law
Dispute Resolution
Force Majeure
Indemnification
Recording
Brokers and Commissions
Survival
Severability
Time of Essence
Entire Agreement
Amendment
Counterparts
Purchase Price
Payment Terms
Due Diligence
Title and Survey
Representations and Warranties
Environmental Matters
Conditions Precedent
Closing Conditions
Mineral Rights
Water Rights
Land Use and Zoning
Property Access
Default and Remedies
Risk of Loss
Warranties of Title
Property Condition
Assignment
Notices
Governing Law
Dispute Resolution
Force Majeure
Indemnification
Recording
Brokers and Commissions
Survival
Severability
Time of Essence
Entire Agreement
Amendment
Counterparts
Relevant Industries
Relevant Teams
Relevant Roles
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