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Make Modifiable Land Contract Form

Make Modifiable Land Contract Form

Aug 6th, 2022

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How to Make Modifiable Land Contract Form

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To structure a contract for tying up a piece of property while assessing its potential for development, start with a Letter of Intent (LOI) outlining agreeable purchase terms. Once the LOI is accepted, transition into the contract phase. It may be possible for some to begin directly with the contract. Key to this process is ensuring a due diligence period of at least 60 days, allowing time to obtain necessary approvals, zoning changes, and amendments. This period is crucial to confirm what can be built on the property and determine its ultimate value before finalizing the purchase.

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