Farm And Ranch Contract printable pdf download

PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC)

Contract Concerning

Page 1 of 9

8-01-2011

FARM AND RANCH CONTRACT

(Address of Property)

EQUAL HOUSING

OPPORTUNITY

1. PARTIES: The parties to this contract are

(Seller) and

(Buyer). Seller agrees to

sell and convey to Buyer and Buyer agrees to buy from Seller the Property defined below.

2. PROPERTY: The land, improvements, accessories and crops are collectively referred to as the

“Property”.

A. LAND: The land situated in the County of

, Texas,

described as follows:

or as described on attached exhibit, also known as

(address/zip code), together with all rights, privileges, and appurtenances pertaining thereto,

including but not limited to: water rights, claims, permits, strips and gores, easements, and

cooperative or association memberships.

B. IMPROVEMENTS:

(1) FARM and RANCH IMPROVEMENTS: The following permanently installed and built-in

items, if any: windmills, tanks, barns, pens, fences, gates, sheds, outbuildings, and

corrals.

(2) RESIDENTIAL

IMPROVEMENTS:

The

house,

garage,

and

all

other

fixtures

and

improvements attached to the above-described real property, including without limitation,

the following permanently installed and built-in items, if any: all equipment and

appliances, valances, screens, shutters, awnings, wall-to-wall carpeting, mirrors, ceiling

fans, attic fans, mail boxes, television antennas and satellite dish system and equipment,

mounts and brackets for televisions and speakers, heating and air-conditioning units,

security and fire detection equipment, wiring, plumbing and lighting fixtures, chandeliers,

water softener system, kitchen equipment, garage door openers, cleaning equipment,

shrubbery, landscaping, outdoor cooking equipment, and all other property owned by

Seller and attached to the above described real property.

C. ACCESSORIES:

(1) FARM AND RANCH ACCESSORIES: The following described related accessories: (check

boxes of conveyed accessories)

portable buildings

hunting blinds

game feeders

livestock feeders and troughs

irrigation equipment

fuel tanks

submersible

pumps

pressure tanks

corrals

gates

chutes

other:

(2) RESIDENTIAL ACCESSORIES: The following described related accessories, if any: window

air conditioning units, stove, fireplace screens, curtains and rods, blinds, window shades,

draperies and rods, door keys, mailbox keys, above ground pool, swimming pool

equipment and maintenance accessories, artificial fireplace logs, and controls for:

(i)

satellite dish systems, (ii) garages, (iii) entry gates, and (iv) other improvements and

accessories.

D. CROPS: Unless otherwise agreed in writing, Seller has the right to harvest all growing crops

until delivery of possession of the Property.

E. EXCLUSIONS: The following

improvements,

accessories,

and crops will be retained

Seller and must be removed prior to delivery of possession:

F. RESERVATIONS: Any reservation for oil, gas, or other minerals is described on the attached

TREC addendum. Seller reserves the following water, timber,

or other interests:

3. SALES PRICE:

A. Cash portion of Sales Price payable by Buyer at closing ................... $

B. Sum of all financing described below (excluding any loan funding

fee or mortgage insurance premium) ............................................ $

C. Sales Price (Sum of A and B) ....................................................... $

D. The Sales Price

will

will not be adjusted based on the survey required by Paragraph 6C.

If the Sales Price is adjusted, the Sales Price will be calculated on the basis of $

per acre. If the Sales Price is adjusted by more than 10%, either party may terminate this

contract

providing written

notice

the

other

party within

days after the

terminating party receives the survey.

If neither party terminates this contract or if the

variance is 10% or less, the adjustment will be made to the amount in

proportionately to 3A and 3B.

4. FINANCING: The portion of Sales Price not payable in cash will be paid as follows: (Check

applicable boxes below)

TREC NO. 25-8

Initialed for identification by Buyer

and Seller

American LegalNet, Inc.

Farm And Ranch Contract

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