Common use of PROPERTY DESCRIPTION Clause in Contracts

PROPERTY DESCRIPTION. Buyer hereby offers to buy the property located in the: 🞎 City 🞎 Village 🞎 Township of , County of , Michigan, commonly known as (Street address, City, Zip code) Parcel # Seller agrees to grant Buyer at closing the right to make (insert number) division(s) under Section 108(2), (3), and (4) of the Michigan Land Division Act. (If no number is inserted, the right to make divisions under the sections referenced above stays with any remainder of the parent parcel retained by Seller. If a number is inserted, Seller retains all available divisions in excess of the number stated; however, Seller does not warrant that the number of divisions stated is actually available.) If this sale will create a new division, Seller's obligations under this Agreement are contingent on Seller’s receipt of municipal approval on or before , of the proposed division to create the Premises.