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VIRGINIA LAND PURCHASE AND SALE CONTRACT I. The Parties. This Virginia Land Purchase and Sale Contract (“Agreement”) made on _____, 20____, (“Effective Date”), is between: Buyer: _____ (“Buyer”) with a mailing address of _____ who agrees to buy, and:
: Purchaser agrees to buy and Seller agrees to sell the land and all improvements thereon located in the County or City of _____, Virginia and described as (legal description): and more commonly known as:
1. REAL PROPERTY: Purchaser agrees to buy and Seller agrees to sell the land and all improvements thereon located in the County or City of _____, Virginia and described as (legal description): and more commonly known as: (the “Property”). 2.
enforce a deed, mortgage or installment land sale contract as defined in accordance with Virginia state law.
A Virginia land contract records the terms and conditions of a real estate transaction involving vacant land. The contract should include information about the parties involved, a legal description of the property as it appears on the deed, the property's sale price, and any other details the parties wish to include.
Authority of towns to acquire, lease or sell land for development of business and industry. A city or county may acquire by contract, with such consideration as is agreed to by the parties, but not by condemnation, land within its boundaries for the development thereon of business and industry.
A Virginia purchase agreement is a legally binding agreement between the buyer and seller of property in Virginia state. It governs the sale and purchase of Virginia real estate, assets, businesses, or stocks.
