Sample CLT Purchase Agreement
THIS PURCHASE AGREEMENT (this “Agreement”) is entered into between
_________________________ (“Seller”), and __________________ [and __________, husband
and wife], whose address is ______________________ ([individually and collectively,]“Buyer”).
Sale of Improvements.
Seller owns certain land and related rights (the “Land”) commonly known as
[street address], located in [county] County, Michigan more specifically described as follows:
[Insert the legal description and tax parcel identification number]
For the purchase price of $[dollar amount] (the “Purchase Price”), Buyer
agrees to purchase and Seller agrees to sell the “Improvements” located on the Land, which
consists of any of the following items that exist on or under the Land on the day of closing: (1) house
and any attached or separate garage or other structure on the Land and everything in them, (2) all
landscaping and plant materials (trees, shrubs, grass), (3) driveway, (4) sidewalks, (5) patio, (6)
porch, (7) exterior lighting, (8) mailbox, (9) fencing (if any), and (10) all utility equipment whether
underground or overground (including water laterals, sanitary sewer laterals, and electric/phone/cable
lines, unless they are specifically owned by the utility provider). The Land and the Improvements are
referred to as the “Property.”
Seller shall convey title to the Improvements to Buyer by delivery of a
[warranty deed / bill of sale?] (“[Deed]”) on tender of the Purchase Price.
Seller and Buyer agree that any personal property identified above (including
any personal property located in the house) is being sold together with the Improvements and that the
consideration for the personal property is contained in the Purchase Price for the Improvements.
Seller is selling only the Improvements and not the Land. Therefore title will
be conveyed only as to the Impr