Pennsylvania Forest Products Timber Sale Contract
Understanding this form
The Pennsylvania Forest Products Timber Sale Contract is a legal agreement that outlines the terms under which a buyer agrees to purchase timber from a seller's property. This form ensures the seller grants the buyer the right to enter the property to remove the specified timber. It is essential for formalizing the transaction and protecting the rights of both parties involved in the timber sale process, distinguishing it from other types of sales agreements that may not address timber specifically.
Key components of this form
- Parties involved: Identification of the seller and buyer, including their corporate status if applicable.
- Timber description: Detailed descriptions of the timber being sold, including designated removal areas.
- Payment terms: Stipulations regarding the payment for the timber and damages, if applicable.
- Ingress and egress rights: The seller grants the buyer rights to enter the property for timber removal.
- Environmental and liability provisions: Requirements for fire prevention and compliance with local laws regarding endangered species.
- Duration of contract: Specifies the time frame during which the buyer can operate.
State-specific requirements
This form is specifically tailored for use in Pennsylvania. It considers state laws regarding timber sales, environmental protections, and requirements for buyer operations in timber harvesting. Users should ensure compliance with all state regulations pertaining to logging and property use stated in the contract.
When to use this document
This form is used when a property owner plans to sell timber from their land and needs to establish clear terms with a buyer. It is applicable in situations such as commercial logging operations, land development involving timber harvest, and private sales between landowners and logging companies. The contract helps ensure all parties understand their rights and responsibilities related to the timber sale.
Who should use this form
- Landowners wishing to sell timber from their property.
- Buyers, such as logging companies or individual contractors, interested in purchasing timber.
- Real estate professionals facilitating timber sales.
- Legal representatives assisting either party in the contractual process.
Completing this form step by step
- Identify and enter the parties involved, including their full names and corporate status if applicable.
- Complete details regarding the logging area and the specific timber to be purchased.
- Specify the payment terms and conditions, including the total amount due.
- Identify the duration of the timber removal rights granted to the buyer.
- Both parties must sign the contract and provide any necessary notarization to validate the agreement.
Does this document require notarization?
To make this form legally binding, it must be notarized. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session.
Common mistakes
- Failing to clearly describe the timber or logging area.
- Not specifying payment terms adequately, leading to misunderstandings.
- Omitting signatures or not notarizing the contract when required.
- Neglecting to outline environmental protection measures that may be necessary.
Why use this form online
- Convenience: Easily download and complete the form from any location.
- Editability: Tailor the contract to your specific needs before finalizing.
- Reliability: Access a contract drafted by licensed attorneys to ensure legal soundness.
Form popularity
FAQ
Salaries for loggers depend on the task in which they specialize. Fallers cut down trees using mobile felling machines and powered chainsaws. They earned a median $21.46 per hour or $44,650 per year as of May 2019, according to the Bureau of Labor Statistics.
The total volume of the tree would be 225 board feet. 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.
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).
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.
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.
To estimate the value of your timber, take the volume, divided by 1,000, and multiply it by the price quoted in your states standing timber stumpage report.
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.
To estimate the value of your timber, take the volume, divided by 1,000, and multiply it by the price quoted in your states standing timber stumpage report.
