Land Purchase Agreement Michigan

Buyer agrees to purchase from seller the land including any structures and or improvements the property located in the township of county of state of michigan commonly known as surplus michigan public safety communication system mpscs surplus tower site parcel.

Land purchase agreement michigan. A 3 form a 1995 michigan realtors revised 8 13 future be charged against the property covered by this agreement and in addition agree to indemnify and hold harmless the listing broker and selling broker and their respective agents from any and all claims related to those matters. This agreement supersedes and replaces all obligations made in any prior contract to purchase or agreement for sale entered into by the parties. And 4 of the michigan land division act. We will consider selling such lands if the transaction enhances the management of natural resources or provides other public benefit.

If any of the items mentioned in this agreement do not apply please indi cate so by writing typing does not. The agreement outlines the terms such as the sales price and any contingencies leading up to the closing date. Michigan residential real estate purchase and sale agreements are documents that are created by potential purchasers in order to place an offer on a piece of real estate they will need to provide the seller with information on how they will be able to pay the proposed offer and deposit such as financing from the bank or seller or by selling another property. Provision herein contained this land contract shall become at seller s option immediately due and payable in the event buyer shall sell assign lease with option to purchase transfer or convey his her interest or any part of his her interest in the subject property by assignment.

Buyer shall pay the full purchase price to seller pursuant to the terms and conditions stated in a land contract form or a purchase money mortgage form upon performance by seller of the closing obligations specified herein. To propose a purchase of state owned land that is not already identified as surplus land an application process must be completed as required by public act 238 of 2018 pa 238. If no number is inserted the right to make divisions under the sections referenced above stays with any remainder of the parent parcel retained by. The down payment to be made at the time of closing this sale shall be and the balance of shall be paid at the rate of per annum.

It s recommended the seller requires the buyer to make an earnest money deposit between 1 to 3 of the sales price that is non refundable if. The purchase price shall be paid in accordance with the certain land contract attached hereto and incorporated into this contract by this reference. Other land purchase transactions. Standard land purchase and sale agreement with contingencies the parties make this agreement this day of.

Land contract purchase money mortgage. Purchase agreement michigan note.