Land Sale Agreement printable pdf download

Land Sale Agreement

LAND SALE

AGREEMENT

BETWEEN:

THE VILLAGE OF LANG

(The "Village")

-and-

(The "Purchasers")

1. The Purchasers hereby offer to purchase from the Village the following property, located

at ____________________

, Lang, Saskatchewan, legally described as:

Surface Parcel: #

Reference Land Description: Lot ___, Block_____, Plan______________

As described on Certificate of Title:

(The “Lands”)

for the sum of Seven Thousand Five Hundred ($7,500.00) Dollars, plus applicable

Goods and Services Taxes of ($375.00) (the “Purchase Price”)

The parties acknowledge that any mineral rights that are currently included on the title

to the Property are not included in the purchase of the Lands.

a.The Purchase Price is to be paid within thirty days after the signing of this

Agreement. The Purchase Price shall be held in escrow by the Village until transfer of

title has been completed, at which time they are releasable to the Village.

b. In addition to the Purchase Price, a deposit of $500.00 shall be paid to the Village,

upon the execution of this Agreement to be held by the Village until all conditions in

this Agreement are met. Upon the completion of the conditions, then this deposit

amount shall be returned to the Purchasers.

c.If the Purchasers fail to comply with any of the Purchasers’ obligations under this

Agreement, the Village may, at the Village’s option, cancel this Agreement and retain

all funds paid as liquidated damages and not as a penalty, and pursue any other

remedies that the Village may have at law.

2. The Purchaser shall be responsible for any and all legal and land title registration

fees associated with the transfer of title.

3. In consideration of the Village selling to the Purchaser the Lands on the terms and

conditions expressed, the Purchaser covenants and agrees with the Village

Land Sale Agreement