Sale and purchase agreement for a land plot in 2021

2024 Author: James Gerald | [email protected]. Last modified: 2023-12-17 14:00

The purchase and sale transaction must be confirmed by a document. That is why a sample of it may be required. The contract for the sale and purchase of a land plot between individuals in 2021 is drawn up on the basis of requirements approved by law.

Legislative provisions

Relying on legal regulations is required for the correct conclusion of an agreement for a building site. The first is the Land Code. According to him (Art. 37), the sale and purchase can be carried out only those plots that are on the cadastral register. Information about them must be present in the USRN.

If there is no data in the register, the land must be demarcated and registered. Land surveying is the definition of boundaries, which are fixed in a special plan. And Rosreestr adds them to the database. The sale is carried out without specifying coordinates, if the site is registered.

The Civil Code also applies to land plots. According to Art. 554, the contract must contain information that allows you to determine the site, cadastral number and price. Without this, the document becomes invalid.

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Compilation rules

There is no established form of the contract. But still, there are nuances that must be taken into account. The agreement confirms the procedure for transferring a plot from one side to the other.

The buyer must take the land and pay for it. The document between the parties is drawn up in writing. The agreement must contain:

• item;
• parties;
• an object;
• the price.

These are the main conditions without which transactions cannot be concluded. The contract must include information about all the nuances. Each point should be detailed.

Subject of the contract

To make it easier to compose this document, a sample can be used. The contract for the sale and purchase of a land plot in 2021 between individuals has the same registration rules as before.

The first item is considered to be an item indicating an agreement between the parties. This section indicates the sale of the site. In this case, the following data is recorded:

• cadastral number;
• location;
• square;
• category;
• type of use.

If there is a house on the ground, its data are also indicated. All information provided is rewritten from the official documentation.

Price and payment

The document specifies the cost of the land plot and the method of transferring funds. The principle of calculation is established by the parties independently. The buyer can give the money after registration or one half before it, and the rest after.

The use of an escrow account is allowed. The buyer transfers funds to him, and the seller can collect them only after registration of ownership. This is the safest option for transferring money per trade.

Condition and rules of land transfer

This item is not considered mandatory. It is brought in if it is important for the buyer to know that, for example, old buildings are located on the site.

The land is transferred to the buyer with the drawing up of an acceptance certificate. It is allowed not to arrange paper either. But then the contract states that it replaces the act.

Rights and obligations

The seller has the right to receive funds, but is obliged to give up the land and share all important information. It is not worth withholding data regarding encumbrances and restrictions.

It is the buyer's responsibility to accept the site and pay in full. His rights include obtaining reliable information about the site, otherwise he is able to terminate the agreement, and then insist on receiving compensation.

It is prohibited to indicate in the document that the seller:

• has the right to buy back the land when such a desire appears;
• is not responsible for the appearance of third parties.

You can indicate a forfeit if someone does not fulfill the obligation. For example, if the land was not delivered within the specified period, then a penalty is paid in the amount of 1% of the price for each day.

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Modification and termination

The purchase and sale document usually does not include this clause, but the parties independently determine which conditions change or end the action. For example, if the funds are not transferred to the seller within the specified period, then the cost of the site increases by 50 thousand rubles.

Dispute Resolution Rules

There are 2 options:

• through negotiations;
• through the court.

The parties have the right to set the time for consideration of the claim and response. Conflict situations regarding land are transferred to the courts located at the location of the plots.

Requisites

This item includes the data of the passports of the parties. Full name, date of birth, date of issue of the document are registered. Registration and contact information are indicated. Then the parties must put their signatures.

All the rules are presented that make it possible to understand how the contract for the sale and purchase of a land plot in 2021 between individuals is drawn up. A sample document will be a faithful assistant in this matter.

Summarize

1. The purchase and sale of a land plot is confirmed by an agreement.
2. The document should include the main points.
3. All the nuances are introduced into the agreement in order to avoid unnecessary disputes in the future.
4. A correctly drawn up contract will be evidence of the legality of the transaction.