Aug. 1, 2024 Forms Update: View the 2024 Forms Update Comprehensive Guidelines document, which explains changes to several forms that were made as a result of the NAR settlement agreement.
About the Standard Agreement for the Sale of Vacant Land
The Standard Agreement for the Sale of Vacant Land (Form ASVL) is the contract for the sale of unimproved real estate containing commonly used clauses and the legal requirements for sales contracts in transactions involving real estate licensees.
The standard agreement specifies details of the property including purchase price, buyer’s responsibilities and much more. The terms of the agreement can be altered to fit the parties’ unique transaction by using the library of addenda that have been specifically written to coordinate with the standard contract.
Latest Content
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Be Careful What You Agree To
- August 12, 2022
- 4 min. read
What matters is what is included within the agreement itself and little else.
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Can My Buyer Waive Receipt of HOA Documents?
- March 11, 2022
- 3 min. read
Because there is no waiver provision for residential transactions, the law appears to say that buyers are not able to waive receipt of association documents as part of their offers.
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Something Breaks, Floods or Needs Repair Right Before Closing… Now What?
- September 3, 2021
- 4 min. read
Closing is scheduled for tomorrow morning and everyone is excited to finalize the deal. You suddenly get a frantic call from your seller who explains they were about to leave the house with the last few boxes when a torrential downpour blew through the area and they now have an inch of standing water in the basement. Now what do you do about the closing in the morning?
