LAND DIVISION ACT. (For unplatted land only): Seller and Buyer agree that the following statements shall be included in the deed at the time of delivery:
LAND DIVISION ACT. If the sale of The Property creates a land division, Seller is advised that Seller must comply with all terms and conditions of the Land Division Act and applicable local ordinances. Xxxxxx makes no representations regarding any of Seller’s rights or obligations under the Land Division Act. Xxxxxx is advised to contact an attorney regarding Seller’s rights and obligations under the Land Division Act.
LAND DIVISION ACT. (For unplatted land only.) Seller acknowledges that he has been advised to seek legal counsel in regard to the appropriate information required in the division of unplatted land under the Land Division Act (Act No. 288 of the Public Acts of 1967); and, that REALTOR® assumes no responsibility in connection with application or compliance with the Act.
LAND DIVISION ACT. If the closing of this sale will result in a division of the property from a larger parcel the Seller owns, the division 120 may be subject to the Land Division Act. The parties should consult with their respective legal counsel regarding the requirements of the 121 Land Division Act. If the Act requires approval of the division, Seller is responsible for obtaining appropriate approval of the division before 122 closing. If the property constitutes an entire parent parcel, the Seller will convey all division rights to the Buyer. If the property constitutes 123 less than entire parent parcel, the parties agree the Seller will convey division rights to the Buyer as part of this transaction. Buyer 124 and Seller understand that development of any parcel is subject to further conditions and limitations under the municipality’s zoning 125 ordinances. 126 127 This paragraph is not applicable. 128 129 Buyer Initials: Seller Initials: 130 131
LAND DIVISION ACT. If the closing of this sale will result in a division of the property from a larger parcel the Seller owns, the division 120 may be subject to the Land Division Act. The parties should consult with their respective legal counsel regarding the requirements of the Land 121 Division Act. If the Act requires approval of the division, Seller is responsible for obtaining appropriate approval of the division before closing. 122 If the property constitutes an entire parent parcel, the Seller will convey all division rights to the Buyer. If the property constitutes less than 123 entire parent parcel, the parties agree the Seller will convey division rights to the Buyer as part of this transaction. Buyer and Seller 124 understand that development of any parcel is subject to further conditions and limitations under the municipality’s zoning ordinances. 125 126 This paragraph is not applicable. 127 128 129 Buyer Initials: Seller Initials: 130 14. CLOSING: The parties will close this sale on or before Buyer to have complete possession 131 calendar days after closing by am or pm. After possession date, if Xxxxxx remains, Xxxxxx agrees to pay Xxxxx at the rate 132 of $ per calendar day plus all of the Buyer’s actual reasonable attorneys fees and court costs incurred in removing the Seller from 133 the property. Said payment shall not be construed as rent but as liquidated damages. If tenants occupy the property: Seller will give 134 30 calendar days notice to vacate the tenants before closing; or Buyer will assume responsibility for the tenants. Tenants are as follows 135 . Rents are to be prorated to date of closing and security deposits, if any, to be 136 transferred to Buyer at closing. On the agreed delivery date on which Xxxxx is entitled to possession, Seller shall deliver possession of the 137 property to Buyer in the same condition and state of repair as existed on the date of acceptance of this agreement. The property shall be free 138 of trash and debris and Seller shall remove all personal property (unless otherwise stated in the agreement or an additional written agreement.) 139 Seller to be responsible for all utilities until delivery of property is given to Buyers. Seller shall make arrangements for final payment on all 140 utilities and shall deliver all keys to Buyer. Buyer reserves the right to walk through Property within 48 hours prior to closing to determine 141 whether terms of Agreement have been met. 143 15. PROPERTY INSPECTION: Buyer has the right...
LAND DIVISION ACT. The grantor grants the grantee the right to make (0) zero divisions under section 108 of the Land Division Act no. 288 of the Public Acts of 1967 and subject to the approval of the governing municipality.
