Form Re1895 - Agreement For Purchase And Sale Of Real Estate

The official version of this document is generated by the WisDOT READS system.

AGREEMENT FOR PURCHASE AND SALE OF REAL ESTATE - SHORT FORM

Wisconsin Department of Transportation

RE1895

04/2015

THIS AGREEMENT, made and entered into by and between _____________________, hereinafter called Seller, and the

State of Wisconsin, Department of Transportation, hereinafter called WisDOT. If accepted, this offer can create a legally

enforceable contract. Both parties should read this document carefully and understand it before signing.

Seller and WisDOT agree that WisDOT is purchasing this property for highway or other transportation related purposes,

within the meaning of Chapter 84 of the Wisconsin Statutes.

Seller warrants and represents to WisDOT that Seller has no notice or knowledge of any of the following:

1) Planned or commenced public improvements which may result in special assessments which would otherwise materially

affect the property, other than the planned transportation facility for which WisDOT is purchasing this property;

2) Government agency or court order requiring repair, alteration, or correction of any existing condition;

3) Shoreland or special land use regulations affecting the property; and,

4) Underground storage tanks and the presence of any dangerous or toxic materials or conditions affecting the property.

DESCRIPTION: The Seller agrees to sell and WisDOT agrees to buy, upon the terms and conditions hereinafter named, the

following described real estate situated in ________________________ County, Wisconsin:

Legal description is attached hereto and made a part hereof by reference.

The purchase price of said real estate shall be the sum of _______________, ($_____________) payable in full by check at

closing.

General taxes shall be prorated at the time of closing based on the net general taxes for the current year, if known, otherwise

on the net general taxes for the preceding year.

Seller shall, upon payment of purchase price, convey the property by warranty deed or other conveyance provided herein,

free and clear of all liens and encumbrances, including special assessments, except recorded public utility easements and

recorded restrictions on use running with the land or created by lawfully enacted zoning ordinances and _______________,

provided none of the foregoing prohibit present use.

Legal possession of premises shall be delivered to WisDOT on the date of closing.

Physical occupancy of property shall be given to WisDOT on the date of closing. Seller may not occupy property after

closing unless a separate lease agreement is entered into between WisDOT and Seller.

SPECIAL CONDITIONS: _____________________________

This agreement is binding upon acceptance by WisDOT as evidenced by the signature of an authorized representative of

WisDOT. If this agreement is not accepted by WisDOT within ____ days after Seller’s signature, this agreement shall be null

and void.

This transaction is to be closed at the office of _________________ on or before ________________ or at such other time

and place as may be agreed to in writing by the Seller and WisDOT.

Project ID

Parcel No.

Form Re1895 - Agreement For Purchase And Sale Of Real Estate - Short Form