Virginia Timber Sale Contract
About this form
The Virginia Timber Sale Contract is a legally binding agreement between a seller and a purchaser regarding the sale of timber from specified property. This contract outlines the terms under which the buyer can purchase and remove timber designated by the seller, including the buyer's rights of access for removal. Unlike other real estate or property agreements, this contract specifically addresses timber sales and the associated responsibilities of both parties, making it essential for those involved in forestry activities.
Key parts of this document
- Identifies parties involved: seller(s) and purchaser(s).
- Describes the property where the timber is located.
- Details rights of ingress and egress for timber removal.
- Specifies conditions for timber cutting and removal practices.
- Outlines payment terms, including deposits and potential damages.
- Includes provisions regarding compliance with environmental laws.
State law considerations
This Timber Sale Contract is specifically drafted to comply with Virginia laws regarding timber sales and property rights. It includes provisions that align with state regulations for logging practices and environmental protection, such as adherence to the Virginia Department of Forestry's management practices.
Common use cases
This form should be used when a timber owner in Virginia wants to sell timber rights to a buyer. It is useful in scenarios where landowners want to monetize their timber resources while ensuring proper management practices are adhered to during the sale and removal of the timber. It also protects both parties in case of disputes by providing clear terms and conditions surrounding the transaction.
Who can use this document
This form is designed for:
- Timber sellers looking to formalize the sale of their timber.
- Purchasers intending to buy timber for commercial logging or personal use.
- Landowners and timber management companies involved in forest management in Virginia.
How to prepare this document
- Identify and enter the names and details of all parties involved in the contract.
- Specify the county and detailed description of the property from which the timber is sold.
- Detail the rights granted for timber removal, including any conditions related to access and environmental practices.
- Complete any payment terms, including the amount of any deposit required.
- Ensure all signatures are completed by parties and witnesses, along with necessary notarization.
Notarization guidance
This form needs to be notarized to ensure legal validity. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available anytime.
Typical mistakes to avoid
- Failing to clearly describe the property and the timber included in the sale.
- Not specifying the terms of access or cutting practices leading to misunderstandings.
- Ignoring state regulations regarding environmental protection during logging.
- Neglecting to complete the notarization or witness signatures, which can invalidate the contract.
Why complete this form online
- Easy access to the form, allowing quick download and completion.
- Editable format allows customization to fit specific agreements between parties.
- Security measures ensure sensitive information is protected.
Form popularity
FAQ
Logging companies rarely have the specialized equipment, not to mention proper insurances, to remove trees from an Urban setting. But even if they did, the cost associated with hauling equipment to a location and removing the bulk of an entire tree including its top is usually far greater than the value of the tree.
The average stumpage price is $300/MBF, or $1,800 per acre total value.
In logging contracts, payment is most often based on either dollars per unit or a percentage of the value of the wood. Historically, loggers have worked on a percentage basis, and 50 percent of the value of the wood was standard operating proce- dure.
The value of this tree would be $195.00 for an average of $866.00 per thousand board feet. A fourteen inch Red Oak with a grade 3 rating would be worth $12.00 for an average price per thousand board feet of $265.00.
The seller should have a professional forester develop a management plan and determine if it is ready to harvest. Generally, a private consulting forester should review (cruise) the timber and handle the timber sale. The seller should get a written contract.
Step 1: Get helP. Step 2: Get a plaN. Step 3: Get to know your timber. Step 4: Set your limits. Step 5: Find your buyers. Step 6: Start selling. Step 7: Put it in writing. Step 8: Check in on harvest day.
Depending on the type of trees and the market when the timber is sold, you could earn $500 to $2000 per acre (at $1500, you would be looking at $60 per year in income if you were to annualize it over 25 years).
Depending on the type of trees and the market when the timber is sold, you could earn $500 to $2000 per acre (at $1500, you would be looking at $60 per year in income if you were to annualize it over 25 years).
In it and would fetch about $500 dollars delivered to a sawmill. The top log in the pile and the second log up in the tree has about 200 bf. in it and would be worth about $175. Most high-dollar logs are veneer-quality logs.
