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Agreement to Purchase and Sell Lots or Vacant Land

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AGREEMENT TO PURCHASE AND SELL – LOT(S) OR VACANT LAND

Date:

Seller’s Initials: Rev. 04/2013 Buyer’s Initials:

Seller’s Initials: Page 1 of 3 Buyer’s Initials:

Listing Firm Listing Agent Phone

Selling Firm Selling Agent Phone

Received by Designated Agent Date Time

The undersigned agree to buy and sell the Subject Property upon the terms and conditions stated below.

SUBJECT PROPERTY:

LEGAL DESCRIPTION:

with the legal description to prevail or as described on the attached exhibit. The sale shall include all property owned by Seller and permanently attached to the above described property.

APPROXIMATE LOT SIZE:

SALE PRICE: $

TERMS OF SALE: (Check one of the following)

All cash at closing. Buyer warrants funds are available for closing. Buyer will furnish Seller’s Agent within working days from acceptance of this Agreement, proof of purchase funds.

New financing with a $ down payment with the balance of $ upon terms and conditions acceptable to the Buyer.

Should Buyer fail to furnish Seller with a written loan commitment within after the effective date of this Agreement, this Agreement shall become null and void.

APPRAISAL.

This sale is NOT conditioned upon appraisal.

This sale is conditioned on appraisal. Buyer shall have calendar days commencing on the day after the Effective Date of the Agreement.

DEPOSIT. Within days after the effective date of this Agreement, Buyer agrees to immediately deposit the sum of $ with as a good faith deposit.

SECURITY DEPOSITS. If applicable, Seller shall pay over to the Buyer at closing all security deposits held by Seller pursuant to any lease Agreements and shall provide buyer with a detailed accounting of said deposits.

DUE DILIGENCE. Buyer shall have calendar days commencing on the day after the effective date of this Agreement (the “Due Diligence Period”) to conduct all necessary due diligence.

SURVEY. shall be responsible for any costs required for a survey or replatting of the Subject Property.

RECORDS AND CONTRACTS. If applicable, Seller agrees to make immediately available to Buyer, or Buyer’s Agent, copies of all leases, service contracts, tax bills, deposit receipts, rent rolls, insurance policies, maintenance records, and all other records relating to the property.

CONDITION OF PROPERTY. Buyer and Seller agree and stipulate that the property is being sold and purchased subject to all rights-of-way, easements and servitudes, visible or apparent or of record in an “AS-IS” condition and Buyer waives any and all rights to Redhibition including a return of all or part of the purchase price.

PRORATION. All property taxes and, if applicable, taxes on movables included in sale, utilities, operating costs, rentals and other revenues shall be prorated as of the date of closing.

CHANGES DURING TRANSACTION. During the pendency of this transaction, Seller agrees that no changes in the existing leases will be made, no new leases will be entered into, and no substantial alterations or repairs will be made or undertaken without written consent of the Buyer.

MINERAL RIGHTS: (Check one of the following)

Seller shall transfer to Buyer of the mineral rights and/or royalty interest, if any, currently owned by Seller.

Seller reserves unto Seller and Seller’s heirs, successors and assigns, all oil, gas and minerals lying in, on or below the subject property.

CLOSING DATE AND COSTS. The sale shall take place before Buyer’s Closing Agent within calendar days after expiration of the Due Diligence Period.

Seller shall have ( ) days from receipt of notice of said title defects to make a good faith effort to cure such defects.

OTHER TERMS AND CONDITIONS:

MULTIPLE COUNTERPARTS. This Agreement may be executed in any number of counterparts by one or more parties hereto.

EFFECTIVE DATE. In the event this Agreement is not signed simultaneously, the effective date of this Agreement shall be the date of the last signature to this Agreement.

LEGAL CAPACITY. The undersigned Seller is the legal owner of record of the subject property and/or has the legal capacity and authority to convey and transfer the subject property.

ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the parties and any other agreements not incorporated herein in writing are void and of no force and effect.

NOTICES. All notices which may be required herein shall be in writing and delivered by one of the methods listed below:

Seller: Fax:

Email:

Buyer: Fax:

Email:

ASSIGNABILITY. Buyer shall have the right to assign this Agreement and all of Buyer’s rights and remedies hereunder.

DISCLAIMER. Neither the Seller, nor any agent/broker, makes any representations or warranties regarding the condition of the property except to the extent expressly and specifically set forth herein.

EXPIRATION OF OFFER. This offer shall expire unless Seller’s written acceptance is delivered to Buyer or Buyer’s agent prior to said time and date.

BUYER (signature) Date Time

BUYER (signature) Date Time

ACCEPTANCE. The undersigned Seller hereby (choose one of the following):

accepts the above offer as written

accepts the above offer as per counter offer or addendum or exhibit attached hereto

rejects the above offer as written

SELLER (signature) Date Time

SELLER (signature) Date Time

Enter text✕

What the Agreement to Purchase and Sell Lots or Vacant Land Is

The Agreement to Purchase and Sell Lots or Vacant Land is a written contract that sets the terms for transferring undeveloped real property between buyer and seller. It records the parties, a precise legal property description, the purchase price, deposit and closing terms, contingencies such as inspections and financing, and required steps for delivery and recording. Properly drafted, it allocates risk, identifies title and escrow procedures, and establishes timelines for closing, possession, and document exchange.

Why this Agreement Matters for Buyers and Sellers

A clear, fully executed agreement reduces misunderstandings, protects deposit funds, and creates enforceable rights for closing and title transfer under state real estate law and general contract principles.

Why this Agreement Matters for Buyers and Sellers

Who Typically Prepares and Signs This Agreement

Each party should confirm names, legal descriptions, deposit instructions, and contingency deadlines before signing to avoid post-contract disputes.

  • Buyers and their agents who need to secure purchase terms and contingencies.
  • Sellers and listing brokers who must disclose property condition and negotiate price and closing.
  • Title companies and escrow agents who handle recordation and closing logistics.

Typical Signers and Their Roles

Buyer — Individual or Entity

The buyer is the person or legal entity acquiring the lot or vacant land. If the buyer is a company or trust, use the exact legal entity name and include an authorized signer and title. Verify the buyer's ability to perform financing and deposit obligations before finalizing the agreement.

Seller — Title Holder

The seller must be the recorded owner or an authorized agent with documented authority. Title defects, liens, or unresolved encumbrances should be disclosed and usually cured or addressed at closing by agreed mechanisms in the contract.

Required Information and Fields at a Glance

Legal Names: Full legal names
Property: Legal description
Parcel ID: Assessor parcel number
Purchase Price: Amount in USD
Closing Date: MM/DD/YYYY
Earnest Money: Deposit amount

Common Preparation Pitfalls to Avoid

  • Using an informal street description instead of the complete legal description that the county recorder requires for title clarity.
  • Entering party names that don't match government or corporate records, causing delays or rejection at closing.
  • Undefined contingency deadlines or vague conditions that allow unilateral extensions and disputes.
  • Failing to specify escrow instructions, disbursement of deposits, or remedies for default, which leads to litigation risk.

Key Risks and Consequences of an Incorrect Agreement

Title Defects: Delayed closing
Incorrect Names: Recording rejection
Missing Deadlines: Loss of contingencies
Unclear Deposit Terms: Earnest money disputes
Unrecorded Interests: Liens survive closing
Improper Signatures: Enforceability challenge

Step-by-Step: Completing the Agreement

Follow a consistent sequence to minimize errors and ensure enforceability: gather verified party data, confirm legal description, set price and deadlines, and provide signature and notarization details.

  • 01
    Verify Parties: Confirm legal names and authority to sign.
  • 02
    Describe Property: Use the county-recorded legal description only.
  • 03
    Set Terms: Enter price, deposit, contingencies, and closing date.
  • 04
    Sign and Notarize: Obtain required signatures, witness, or notary as state law requires.

Where the Fully Executed Agreement Goes Next

After signatures and notarization (if required), distribute copies to relevant parties and deliver recordable documents to the appropriate office for title and recording.

  • Seller: Seller retains an executed copy for records and title transfer.
  • Buyer: Buyer receives an executed copy and escrow instructions.
  • Title Company: Title company uses the agreement to prepare closing and record deeds.
  • County Recorder: Recordable deed and related instruments are submitted for official recording.

Core Clauses to Include in a Professional Agreement

A comprehensive agreement should clearly allocate risk, define closing mechanics, and specify contingencies in plain language to reduce disputes and facilitate title transfer.

Parties

Identify buyer and seller with exact legal names and, if applicable, entity type and authorized signer details to ensure enforceability and accurate recording.

Property Description

Insert the full county-recorded legal description or metes-and-bounds text; include parcel or assessor number and avoid colloquial addresses for recordation purposes.

Purchase Terms

State the precise purchase price, how funds are held (escrow), earnest money amount, and conditions for deposit forfeiture or return if contingencies fail.

Contingencies

Detail inspection, financing, survey, zoning, and environmental review periods with explicit deadlines and procedures for removal or extension.

Closing & Possession

Specify closing location, who pays closing costs, prorations, possession date, and how title will be delivered (general warranty, special warranty, quitclaim).

Signatures & Authentication

Require signature blocks for parties, dates, and applicable notary or witness acknowledgements; include authorized agent attestations where an entity signs.

Supporting Documents and Download Options

Attach or provide accompanying records that title companies and recorders require; deliver digital and printable copies for parties and escrow.

Download Formats

Provide the agreement as PDF and DOCX. PDFs are preferred for signing and recordation; DOCX allows editing during negotiation.

Recordable Copy

Prepare a clean, signed, notarized deed in recordable PDF to submit to the county recorder after closing.

Supporting Documents

Attach title commitment, survey, HOA documents, inspection reports, financing approval, and any seller disclosures required by state law.

Notices & Disclosures

Include mandatory state disclosures such as lead-based paint, flood zone, or local property condition forms where applicable.

How to Set Up an Online Workflow for This Agreement

Configure a consistent digital workflow that places fields, authentication, and routing in the proper order for secure e-signature completion and recordkeeping.

Field Configuration
Template Setup Upload master agreement and lock uneditable clauses for consistent use.
Signer Order Set sequential signing: seller then buyer then escrow agent.
Authentication Use email plus SMS or ID check for higher-assurance signers.
Conditional Fields Show financing contingencies only if box checked by buyer.

Digital Signing and eSubmission Requirements

Ensure the chosen workflow preserves a tamper-evident signed PDF and a clear audit trail for future title or dispute resolution needs.

  • Integrations: CRM and title platform integrations
  • Formats: PDF, DOCX supported
  • Authentication: Email, SMS, KBA, or ID verification

How This Agreement Differs from Other Land-Related Documents

Compare common document types to ensure you use the correct form for the intended legal effect and recording requirements.

Document Type Agreement to Purchase Deed
Purpose sets sale terms transfers legal title
Recorded not typically recorded recorded at closing
Requires Notary no, unless state requires yes, for most states
Primary Use pre-closing contract post-closing title evidence

Digital signature vendor comparison for executing land sale agreements

Select an eSignature provider that supports notarization workflows, robust audit trails, HIPAA/industry compliance when needed, and an integration stack that fits your closing process.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial No free trial listed No free trial listed Yes, limited trial Yes, limited trial
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No

Frequently Asked Questions About Execution and Problems

Answers to common questions about enforceability, notarization, witness needs, recording, corrections, and cancellation for land purchase agreements.


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