Establishing secure connection…Loading editor…Preparing document…

Land Sales Agreement

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

LAND PURCHASE AND SALES AGREEMENT
Rhode Island Association of REALTORS® - Standard Form

BUYER’S INITIALS __________ SELLER’S INITIALS ___________

1. SALES AGREEMENT: (“Agreement”) made between (“Seller”) whose mailing address is Zip code and (“Buyer”) whose mailing address is Zip code .

The Seller agrees to SELL and the Buyer to BUY, upon the price and terms below, the following property (the “Property”):

Property Address

Assessor’s Plat Lot in the City/Town of , State of Rhode Island, Zip code .

2. Date of this Agreement: The Date of this Agreement shall be the later of the dates signed below.

3. Purchase Price: The agreed Purchase Price for the Property is Dollars of which $ has been paid as a deposit in the form of , $ Additional Deposit to be paid on or before
$ Balance of Purchase Price
$ TOTAL PURCHASE PRICE

4. Closing Date/Place: Closing is to be held on at 10:00 A.M. at the office of the Registry of Deeds or other agreed time and place.

5. Deposits: Deposits shall be held in escrow as required by Rhode Island law.

6. Deposit Disputes: Disputes regarding deposits shall be handled under the terms of this Agreement and applicable law.

7. Waiver of Mortgage Contingency: If initialed by Buyer, this Agreement is not contingent upon financing. Buyer waives mortgage contingency

8. Mortgage Contingency: Commitment letter due not later than for loan amount up to $ at an initial rate not to exceed % for a term of at least years, with a maximum of points.

The Buyer and Seller agree to the following conditions:

(a) The Buyer must apply for such mortgage within days after the Date of this Agreement.

(b) Buyer agrees to provide a copy of commitment or denial within four (4) days of receipt.

(c) If denied, Agreement may be declared null and void and deposits refunded.

(d) If neither commitment nor denial is received by the Contingency Date, Buyer may request extension or waive contingency.

(e) Failure to provide required notice may result in default and forfeiture of deposits.

(f) Buyer may obtain a mortgage in a greater or lesser amount, but contingency applies only if mortgage is not greater than the amount stated above.

9. Insurance/Risk of Loss: Seller shall keep the Property insured in the amount of .

10. Title: Seller covenants and warrants title and agrees to convey by good and sufficient deed.

11. Taxes, Adjustments, Other Assessments:

(a) Taxes: real estate taxes and fire district taxes are prorated on a calendar year basis.

(b) Adjustments: rents, water charges, association fees and sewerage charges are apportioned as of delivery.

(c) Assessments: assessments shall be apportioned as provided in the Agreement.

12. Buyer/Seller Information:

(a) Ordinances: Buyer is responsible for complying with local ordinances.

(b) Wetlands: wetlands and buffer areas may impact development.

(c) Private Well Water: Buyer may test water quality of a private well.

(d) Restrictions or Legislative/Governmental Action: Buyer should investigate use restrictions.

(e) Insurance: Buyer should determine insurance availability and cost.

13. Additional Seller Obligations:

(a) Non-Resident Withholding Requirement: Seller residency status should be disclosed. Seller is not a Rhode Island resident

(b) FIRPTA: Seller represents that Seller is not a foreign person or corporation. Seller not subject to FIRPTA withholding

14. Possession: The Property is sold in “AS IS” condition. Exceptions:

15. Written Notice of Violations and Change In Ownership: Seller shall provide notice of violations and transfer intent.

16. Receipt and Acknowledgment of Disclosure Forms: Buyer acknowledges receipt of the following forms:

Rhode Island Real Estate Sales Disclosure Form prepared by the Seller

Agency Disclosure

Seller’s Lead Disclosure

Pamphlet “Protect Your Family from Lead in Your Home”

17. Land Issues: Initial, if applicable:

Public/private sewer system is available to the property.

Buyer received copy of DEM certification for approved ISDS plan.

Property has not been approved for on-site disposal of sanitary sewage.

Survey within days, expense of the .

Seller obtained approval from DEM for the ISDS and will provide copy within days.

18. Tests/Approvals:

Ground Water No Yes # of Days Paid by

Percolation No Yes # of Days Paid by

Septic System Design No Yes # of Days Paid by

Wetlands No Yes # of Days Paid by

Flood Plain No Yes # of Days Paid by

Well Water No Yes # of Days Paid by

Hazardous Substances No Yes # of Days Paid by

Lead Contamination No Yes # of Days Paid by

Other No Yes # of Days Paid by

Additional Provisions:

If any test discloses a deficient condition, Buyer may allow Seller to cure, terminate, or waive contingency.

Having been informed of the right to test/inspect, the Buyer elects not to have any test(s)/inspection(s) performed.

19. Further Assurances: The parties agree to execute documents as reasonably required.

20. Notices: All notices shall be in writing and delivered by mail, personal delivery, electronic transmission, or fax.

21. Default: Upon default, remedies shall follow the Agreement terms.

22. Assignment: This Agreement may be assigned as provided herein.

23. Accurate Disclosure of Selling Price: The Agreement accurately reflects the gross sales price.

24. The following Addendum(a), is made a part of this Agreement:

25. Additional Provisions:

26. Brokerage/Agency Confirmation Clause:

Name of Listing Agent

License #

of

Address

Phone Number

is the agent of:
the Seller exclusively, or
both the Buyer and Seller

Name of Cooperating Agent, if not the same as Listing Agent

License #

of

Address

Phone Number

is the agent of:
The Buyer exclusively, or
the Seller exclusively, or
both the Buyer and Seller.

This Agreement was prepared by: Name Address

27. Construction of Agreement: This Agreement has been executed in one or more counterparts.

28. Entire Agreement: This instrument contains the entire agreement between the parties.

NOTICE: THIS IS A LEGAL DOCUMENT THAT CREATES BINDING OBLIGATIONS.
IF NOT UNDERSTOOD, CONSULT AN ATTORNEY.

Buyer signature

Date

Buyer signature

Date

Seller signature

Date

Seller signature

Date

This form is protected by the federal copyright laws and is for exclusive use by Rhode Island REALTORS®.

Text4: (900 Printable Characters Max.)

Enter text✕
Prepare your document for signing right on this page
  • 01 Edit the text and complete the fields
  • 02 Click Sign Now and on the next screen add recipients and signature fields in SignNow
  • 03 Start your free trial to sign and send your doc
Sign Now

What a Land Sales Agreement Covers

A Land Sales Agreement is a legally binding contract that records the transfer of real property from seller to buyer. It sets out the parties, a precise legal description of the land, purchase price and payment terms, closing and possession dates, title and escrow arrangements, and any contingencies such as inspections, financing, or surveys. The agreement may reference exhibits (plats, surveys, title commitments) and allocate responsibilities for taxes, prorations, and closing costs. Properly completed, signed, and recorded, it creates the contractual basis for transfer and later deed preparation and recording.

Why a Clear Agreement Matters

A well-drafted Land Sales Agreement reduces closing delays, clarifies obligations, and preserves evidence of negotiated terms. It helps avoid title disputes, supports escrow processing, and provides enforceable remedies if a party breaches.

Why a Clear Agreement Matters

Who Typically Uses a Land Sales Agreement

Real estate brokers, buyers, sellers, attorneys, and title/escrow agents routinely prepare or review Land Sales Agreements before closing.

  • Real estate brokers and agents facilitating negotiations and deposit handling.
  • Buyers and their lenders confirming financing contingencies and escrow conditions.
  • Title companies and escrow officers coordinating recording and payoff instructions.

Each participant has distinct responsibilities — the buyer must verify contingencies are satisfied, the seller must deliver marketable title, and closing agents must record documents accurately.

Who Can Legally Sign

Owner

The named legal owner(s) on title or the entity with recorded ownership must sign to transfer property. If title is held by an LLC, trust, or corporation, execute using the entity name and an authorized representative signature showing capacity.

Authorized Agent

A person acting under a valid Power of Attorney, corporate resolution, or trustee authority may sign on behalf of the owner; include the authority document and notarized acknowledgement to avoid recording issues.

Core Elements to Include in Every Agreement

A professional Land Sales Agreement groups essential terms so parties and closing agents can act without ambiguity.

Parties

Full legal names and entity types for buyer(s) and seller(s), with contact and mailing addresses for notices and escrow correspondence.

Property Description

Precise legal description or recorded parcel number and address; attach survey or plat as an exhibit to avoid boundary disputes.

Purchase Price

Specify total price, deposit amount and holder, payment schedule, and treatment of earnest money if buyer defaults.

Title and Closing

Identify title company, required seller deliverables, title insurance type, and who pays closing costs or recording fees.

Contingencies

Detail inspection, financing, appraisal, or environmental contingencies and explicit cure or termination windows and notice procedures.

Representations

Seller warranties about ownership, liens, zoning compliance, and disclosure of known defects or encumbrances.

Step-by-Step: Completing a Land Sales Agreement

Complete the agreement in order to avoid missing interdependent items like contingency deadlines and escrow instructions.

  • 01
    Assemble Documents: Gather title report, survey, and ID for signers.
  • 02
    Complete Core Fields: Fill parties, legal description, price, and dates.
  • 03
    Add Contingencies: Specify inspection and financing windows.
  • 04
    Sign and Deliver: Obtain required signatures, notarizations, and send to escrow.

Configuring an Online Signing Workflow

Set up the electronic workflow so each party receives fields in order and required authentication is enforced.

Field | Setting Role-based routing | Assign signer order and required fields
Authentication Required Email + SMS code | Use SMS verification for higher assurance
Conditional Fields Enable conditional display | Show mortgage contingency fields only if financed
Attachments Attach exhibits | Upload survey and title commitment
Audit Trail Enable full audit | Capture IP, timestamps, and events

How Electronic Completion and Delivery Typically Works

Electronic workflows mirror paper processes but add authentication and audit capabilities to evidence execution.

  • Upload Document: Sender uploads the agreement to the e-sign platform.
  • Place Fields: Add signature, initial, date, and conditional fields.
  • Assign Signers: Set signing order and authentication level.
  • Execute: Signers authenticate, sign, and receive completed copies.

Technical and Integration Considerations for eSigning

Choose a platform that supports required authentication, PDF and DOCX formats, and integration with title or CRM systems.

  • File Formats: PDF and DOCX supported
  • Integrations: CRM and escrow integrations
  • Authentication: Email, SMS, or advanced methods

Ensure the platform can export signed PDFs with an audit trail and integrates with your title or document management system for a smooth closing.

eSignature Vendor Comparison for Land Sale Workflows

The table shows typical starting prices and core items to consider when selecting a vendor for Land Sales Agreement execution and recordkeeping.

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 Varies by vendor Varies by vendor Varies by vendor Varies by vendor
Bulk Send Yes (Business Premium) Yes Yes Yes Varies
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes (BAA required) Yes (BAA available) Yes (BAA available) No No
Envelope Cap No cap 100 envelopes/user/year Varies by plan Varies by plan Varies by plan

Key Dates and Deadlines in a Typical Transaction

Track each deadline carefully; missed dates can trigger termination rights or forfeiture of deposits.

Deposit Due:

Date buyer must deliver earnest money to escrow

Inspection Period:

Number of days buyer has to inspect property

Financing Contingency:

Deadline to satisfy or waive loan conditions

Title Objection Deadline:

Date by which title defects must be cured

Closing Date:

Scheduled date to transfer funds and record deed

Common Preparation Mistakes to Avoid

  • Using a street address instead of the recorded legal description can delay recording and create tax or boundary confusion.
  • Failing to verify signer authority for entities (LLC resolution, trust paperwork) leads to rejected recordings and title insurance exceptions.
  • Omitting contingency deadlines or cure periods creates ambiguity about performance obligations and termination triggers.
  • Not coordinating with title and escrow on payoff amounts, liens, or HOA requirements often causes last-minute closing delays.

Risks and Consequences of Errors

Recording Delays: Delayed title transfer
Defective Description: Clouds title, causes litigation
Missing Signatures: Conveys no enforceable transfer
Undisclosed Liens: Buyer liable for encumbrances
Tax Withholding: Potential withholding on foreign seller
Breach Damages: Loss of deposit or specific performance

Security and Compliance Features to Look For

Encryption: TLS 1.2/1.3 in transit
Data at Rest: AES-256 encryption
Certifications: SOC 2 Type II and ISO 27001
Regulatory: ESIGN and UETA compliance
HIPAA: BAA available where required
Audit Trail: Complete timestamps and events

Frequently Asked Questions — Land Sales Agreement

Answers to common legal, procedural, and technical questions when preparing, signing, and recording a Land Sales Agreement.


Need help? Contact support

Explore Templates

Untitled Document Volunteer Service Agreement Group Sign-up Form FBF Project Allowance Project Cost Comparison Summary Sustainability in Procurement Fellowship Project Submission Eagle Scout Service Project Worksheet
be ready to get more
Join over 28 million airSlate SignNow users
Sign Now
Company
Forms
Pricing
Resources
Knowledge base
Other Products
© 2026 airSlate Inc. All rights reserved.