OfflineI'm looking into getting a commercial lot under contract. My question was, would the standard agreement to purchase or a contract similiar to that one suffice for this transaction? Or is there another type of contract that would be better suited than the ones typically used for purchasing residential property?
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In my state, Utah, they have a separate contract for land. It doesn't have all the language regarding the house. It also brings up other items unique to land. There are still disclosures to do, but they are geared for raw land. There are certain warranties that the seller needs to give that will survive closing that are different than house purchases.
There are certain other contingencies that are different that you should make sure you include, such as a) soils report, b) survey, c) verification of zoning.