Sample Land Purchase Agreement Letter

You must use this agreement if you (a) are a potential buyer or seller of housing, if you want to (b) define the legal rights of each party to the sale, and (c) set out the respective obligations of each party prior to the transfer of title. Contingency: An eventuality is a condition that must be met for the purchase to take place. If the contingency is not fulfilled, the buyer has the option to withdraw from the contract and not proceed with the purchase. Some examples of frequent contractual conformations are: Treuhandservice: Treuhand is a neutral third party responsible for holding funds during the purchase transaction. Serious money deposits are usually deposited on Treuhand. Escrow offers protection to both parties as long as the contractual risks are still outstanding…