Farm And Ranch Contract {25-16}

TREC NO. 25-16 - FARM AND RANCH CONTRACT. This form is used for the purchase and sale of existing farm and ranch properties in Texas. This form is specifically designed for transactions involving agricultural or rural properties, regardless of size, but is not intended for complex or atypical transactions. It establishes the agreement between a seller and a buyer for the transfer of land that may include residential structures, agricultural improvements (like barns, pens, and irrigation equipment), and both residential and farm-related accessories. It also addresses the inclusion or exclusion of crops, minerals, water rights, and other reservations. The contract outlines the sales price, financing details, and conditions regarding existing leases on the property, including residential, fixture, surface, or natural resource leases. It requires the timely payment of earnest money and option fees, and grants the buyer an option period for terminating the agreement. Furthermore, it provides for the furnishing of title insurance, outlines procedures and timeframes for addressing title issues and surveys, and includes various disclosures required by Texas law. www.FormsWorkflow.com