Legal Description
Include the recorded plat name, lot number, block, subdivision name, county, and state. Cross‑reference parcel identification numbers and attach the recorded plat as an exhibit to avoid ambiguity during title search and recording.
A clear Subdivision Purchase Agreement reduces ambiguity about boundaries, utilities, and phased closings, protects escrowed funds, and sets objective conditions for inspection, title, and recording. It allocates risk for off-site improvements, easements, and assessments, and provides the contractual roadmap for closing and post‑closing obligations.
Parties and professionals involved in these transactions vary by size and complexity.
Use counsel for complex subdivisions, and involve title and survey professionals early to prevent defects and recording delays.
An authorized buyer or purchaser agent with written authority to bind the buyer signs the purchase agreement and associated escrow and financing documents. If a corporate buyer signs, include corporate resolution or power of attorney to prove signature authority before closing.
The owner or developer signer must have title authority to convey subdivided parcels and must disclose any liens, restrictions, or recorded covenants that affect title; corporate sellers should provide incumbency certificates, entity formation documents, and resolution authorizing the sale.
Include the recorded plat name, lot number, block, subdivision name, county, and state. Cross‑reference parcel identification numbers and attach the recorded plat as an exhibit to avoid ambiguity during title search and recording.
Show the total purchase price and per‑lot allocation, payment schedule, treatment of prorations, and whether price adjustments apply for unfinished improvements or permit delays.
Specify deposit amount, escrow holder, release conditions, interest treatment, remedies for default, and conditions under which the deposit becomes non‑refundable.
List financing, title, survey, municipal approvals, and inspection contingencies with precise cure periods and termination rights to govern when each party may rescind.
Detail closing agent, required deliverables, payoff instructions for liens, deed form, prorations, recording responsibility, and evidence required to complete transfer.
Identify existing or proposed easements, restrictive covenants, HOA rules, maintenance responsibilities, and any dedication to public agencies that affect lot use.
| Field | Configuration |
|---|---|
| Signer Order | Sequential order: Seller → Buyer → Escrow |
| Authentication | Email + SMS code or ID verification |
| Required Fields | Make legal description and signatures mandatory |
| Audit Trail | Enable IP, timestamp, and action logs |
Choose a platform that supports PDF/Word imports, preserves audit trails, and integrates with title and escrow systems.
Verify the vendor supports required legal standards (ESIGN, UETA) and any needed compliance frameworks for recording or industry needs.
Date by which seller must accept or counter the offer
Date funds must be wired or deposited to escrow
Length of time buyer may inspect and terminate
Date to satisfy or waive financing conditions
Target closing date and recording timeline
Parties agree on principal terms and deposit requirements.
Buyer completes surveys, title review, and municipal checks.
Escrow obtains payoffs, prepares deed, and schedules recording.
County recorder files deed and title transfers to buyer.
| 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 card | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes (Business Premium) | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
A local builder purchases five lots for single‑family homes and requires per‑lot price allocation and phased closing.
A developer sells residential lots to multiple buyers in phases while retaining unsold parcels.