Description: This contract form is for property that does not have physical buildings, additions or fixtures on the land. It is generally used for property that has been platted (has a recorded Lot/Block legal description).
The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing.
Unimproved land is ripe for development and may have had some modifications and maintenance, but it lacks the basic facilities that improved land has, like utilities, water, infrastructure, buildings, etc.
The unimproved property contract is actually used for land or lot sale purchases. The contract is designed to outline the condition of the lot and other conditions that exist with the land. This contract shouldn't be used when purchasing or selling a structure that has been built on the land.
Unimproved land (sometimes known as vacant lots or more commonly raw land) is land that does not have any active services or public utilities running through it like water lines, electricity or even street access from the public roadways.
Unimproved Property Contract (Form ID: 9-16): This contract form is for property that does not have physical buildings, additions or fixtures on the land. It is generally used for property that has been platted (has a recorded Lot/Block legal description).