Real Estate Farms Document

REAL ESTATE FARMS DOCUMENT

Parties and Effective Date

This Farm Real Estate Purchase Agreement (Agreement) is entered into by and between Seller Name: , Seller Address: ; and Buyer Name: , Buyer Address: .

Effective Date: . This Agreement sets forth the terms by which Seller agrees to sell and Buyer agrees to purchase the Property described below, subject to the terms, covenants, representations, and conditions contained herein.

Property Identification

Purchase and Financial Terms

Purchase Price: $ payable as set forth below.

Deposit to be held by Escrow Agent: . If Buyer fails to close except as permitted in this Agreement, Seller may retain the deposit as liquidated damages as provided below.

This Agreement is: Contingent on Buyer obtaining financing within days. If waived in writing by Buyer, this contingency shall be null and void.

Items Included / Excluded

The following agricultural assets and interests are specifically included or excluded. Check appropriate boxes and, where Yes is indicated, provide a brief description.

Irrigation system included: Yes    Wells and pumps included: Yes    Water rights included: Yes

Environmental and Agricultural Disclosures

Seller represents the following to the best of Seller's knowledge. Check Yes or No for each item. If Yes, provide an explanation in the adjacent field.

Previous chemical or fuel spill on Property: Yes No

Presence of manure lagoons, waste ponds, or concentrated animal feeding operations: Yes No

Known endangered species habitat, wetlands, or conservation easements affecting use: Yes No

Inspection, Survey, and Title

Buyer shall have days from Effective Date to conduct inspections, including but not limited to environmental, structural, drainage, and agronomic inspections. If Buyer disapproves in writing within that period, Buyer may terminate and receive a refund of earnest money, unless otherwise agreed in writing.

Buyer: requests a survey    Seller: will provide an existing survey if available.

Prorations, Taxes, and Assessments

Real estate taxes, assessments, water charges, and other periodic charges shall be prorated through the Closing Date. Buyer shall be responsible for any reassessments effective after Closing. Special assessments not yet levied shall be the responsibility of unless otherwise agreed in writing.

Default and Remedies

If Buyer defaults, Seller may elect to terminate and retain the earnest money as liquidated damages or pursue specific performance or damages. If Seller defaults, Buyer may elect specific performance or terminate and receive a refund of earnest money. The parties agree that attorneys' fees and costs shall be recoverable by the prevailing party in any action to enforce this Agreement.

Representations and Warranties

Seller represents that Seller is the lawful owner of the Property and has full authority to transfer the Property free of undisclosed liens, encumbrances, or leases except as disclosed herein. Seller shall disclose all known material defects, pending litigation, or claims affecting the Property.

Notices

General Provisions

Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the state in which the Property is located. The parties agree that venue shall be in the appropriate court located in that state.

Entire Agreement: This Agreement, together with all exhibits, addenda and written amendments, constitutes the entire agreement between the parties with respect to the Property and supersedes all prior negotiations and agreements. Amendments must be in writing and signed by both parties.

Certification: Each undersigned party certifies under penalty of perjury that the information provided in this Agreement is true and accurate to the best of their knowledge, and that they are authorized to execute this Agreement.

Sign Now