New Jersey Timber Sale Contract New Jersey Form
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People also ask
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What is a timber clause?
The Vendor shall retain title to all harvestable timber on the Purchased Line for ten (10) years after the Closing, and the Purchaser shall use all reasonable efforts to cooperate with the Vendor in connection therewith.
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What is a timber contract?
A typical timber sale contract usually contains the following: a description of the timber to be sold (estimated volume, number of trees and species), which timber will and will not be cut, the selling price (either lump sum or unit price), terms of payment, the location and boundaries of the sale, and time allowed to ...
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How does a logging contract work?
A typical timber sale contract usually contains the following: a description of the timber to be sold (estimated volume, number of trees and species), which timber will and will not be cut, the selling price (either lump sum or unit price), terms of payment, the location and boundaries of the sale, and time allowed to ...
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What is timber in real estate?
Related Definitions Timberland Property means tangible real property that has as its primary use the bona fide production of trees for the primary purpose of producing timber for commercial uses.
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What is timber vs lumber in construction?
This is often a source of confusion; in the USA and Canada, the word timber refers to unprocessed wood, such as unharvested or recently-felled trees still with their bark. The word 'lumber', on the other hand, is used to describe processed wood products used for furniture making, home construction and the like.
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Are land contracts legal in New Jersey?
A New Jersey land contract is a legal document used in transferring ownership of vacant land between two parties. Whether negotiating residential or commercial land, the parties use this contract to document the agreed-upon sale price, a legal description of the property, and any applicable financial contingencies.
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