If you`re interested in buying land for development or investment purposes, a raw land purchase agreement is an essential document that you`ll need to complete the transaction. This agreement is a legally binding contract between the buyer and seller that outlines the terms of the purchase and ensures that both parties are protected.

Here are some key elements that should be included in a raw land purchase agreement:

1. Description of the property: The agreement should provide a detailed description of the land being sold, including the location, size, and any special features.

2. Purchase price: The agreement should specify the purchase price, including any down payment or financing arrangements.

3. Closing date: The agreement should state the date when the transaction will be completed and ownership of the land will transfer to the buyer.

4. Title and survey: The agreement should address the issue of title and require the seller to provide a clear and marketable title to the property. A survey may also be required to ensure that the land boundaries are accurately determined and marked.

5. Contingencies: The agreement should include any contingencies that need to be met before the transaction can be completed, such as obtaining zoning approvals or environmental assessments.

6. Representations and warranties: The agreement should contain representations and warranties from both the buyer and seller concerning the condition of the land and any other matters relevant to the transaction.

7. Dispute resolution: The agreement should specify how disputes will be resolved, whether through mediation, arbitration, or litigation.

It`s important to have a qualified attorney review and draft your raw land purchase agreement to ensure that it includes all necessary provisions and protects your interests. With a well-drafted agreement in place, you can feel confident that your land purchase will proceed smoothly and without any unexpected complications.