Land Purchase definition
Examples of Land Purchase in a sentence
Step 26 – Produce The ▇▇▇▇▇▇▇ Money Return Should The Land Purchase Fail As you may have noticed, this paperwork will provide methods to terminate the sale.
This document is also known as a: Purchase and Sale Agreement Residential Real Estate Contract Home Sale Contract Real Estate Sales Contract See Also: Land Purchase Agreement (PDF) and Commercial Real Estate Purchase Agreement (PDF).
Notwithstanding the foregoing, the parties hereto acknowledge and agree that the transactions contemplated by this Agreement, the Land Purchase (as such term is defined in the Information Statement and used herein) and/or the Distribution shall not constitute a Change of Control.
This Land Purchase and Sale Contract (“Agreement”) made on [DATE] (“Effective Date”), is between: Buyer: [BUYER’S NAME] (“Buyer”) with a mailing address of [ADDRESS] who agrees to buy, and: Seller: [SELLER’S NAME] (“Seller”) with a mailing address of [ADDRESS] who agrees to sell and convey the real property described in Section II.
Tenant shall have fifteen (15) days after receipt of the Adjacent Land Notice to Sell to deliver an offer to Landlord offering to purchase the Adjacent Land (the "Adjacent Land Notice of Purchase") for the Adjacent Land Purchase Price and on the terms set forth in the Adjacent Land Notice to Sell.
Tenant recognizes that Owner may need to extend the term of the Land Purchase Option Agreement during the Option Term and Owner shall make all reasonable efforts to extend the Land Purchase Option Agreement in a timely manner.
Owner shall keep Tenant informed as to the status of the Land Purchase Option Agreement.
Provided that no Default has occurred and is then continuing, and Landlord owns the Adjacent Land, Landlord hereby grants to Tenant a right of first offer (the "Adjacent Land Purchase Offer") to purchase the adjacent land shown on Exhibit H attached hereto (the "Adjacent Land"), subject to the terms and conditions set forth herein.
For example, a Land Purchase Agreement may only be valid if the owner makes improvements or repairs to a building or property.
Notwithstanding anything contained herein to the contrary, in the event the Lease is terminated or expires prior to the exercise of the Adjacent Land Purchase Offer by Tenant, then the Adjacent Land Purchase Offer shall terminate.