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Form preview Land sales agreement form Clear Form LAND PURCHASE AND SALES AGREEMENT Rhode Island Association of REALTORS - Standard Form 1. Initial all that apply 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 that includes R.I. section What You Should Know About the RI Lead Law 17. Land Issues Initial if applicable Buyer understands that a public/private sewer system is available to the property. Buyer Buyer s Initials shall be permitted ten 10 days from the date of this agreement to verify the existence of such system and the physical and economic feasibility of connecting the Property to such system. If Buyer determines that connection to the sewer system is not possible or reasonable then Buyer may terminate this Agreement upon written notice to Seller within such ten 10 day period and all Deposits shall be refunded. Buyer acknowledges receipt of a copy of the Department of Environmental Management s certification of the Property s suitability for development as evidenced by a valid approved plan for the installation of an individual sewage disposal system. An original of same shall be provided to the Buyer at closing. Environmental Management as being suitable for the on-site disposal of sanitary sewage. SALES AGREEMENT Agreement made between*. Seller whose mailing address is. Zip code. and. Buyer 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 a the date on which Buyer signs this Agreement or b the date on which Seller signs this Agreement as set forth by the Buyer s and Seller s signatures below. 3. Purchase Price The agreed Purchase Price for the Property is. Dollars Purchase Price of which the form of. receipt of which is hereby acknowledged* 4. Closing Date/Place Closing is to be held on. at 10 00 A. M. at the office of the Registry of Deeds in which the deed should by law be recorded or at such other time and place as may be agreed to by the parties. The balance of the Purchase Price shall be paid by cash certified check and/or bank check. Payment of the balance of the Purchase Price and delivery of deed shall occur at the closing* Buyer and Seller authorize the Closing Agent to release to Broker s signed copies of the closing statement s. 5. Deposits All deposits and any additional deposit made hereunder collectively Deposits shall be held in an escrow account as required by Rhode Island General Laws 5-20. 5-14 5 by the Principal Broker of Listing Company named below unless mutually agreed otherwise by Buyer and Seller and except as otherwise provided herein shall be duly accounted for at the time of delivery of the deed and applied to the Purchase Price. The refunding of all Deposits shall be upon execution of a written release by Buyer and Seller and pursuant to Rule 7 of Commercial Licensing Regulation 11.

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