Examples of Land Purchase Agreement in a sentence
This is primarily done through a Land Purchase Agreement (“LPA”), in which ROI is optimized and risk is reduced by controlling rather than owning the land.
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).
In normal circumstances, the employer signs a Land Purchase Agreement with the private owner to buy out the ownership of the plot, thus guaranteeing a long-term use of the plot by the Project.
For example, a Land Purchase Agreement may only be valid if the owner makes improvements or repairs to a building or property.
Following execution of this LOI, the Parties shall commence negotiation and preparation of the Land Purchase Agreement and any other necessary documents (together, the “Definitive Agreements”) that will define the terms and other commitments contemplated by the Parties.