The purchaser agrees to buy certain property from the seller. A portion of the property was planted in pines with government assistance. Purchaser agrees to abide by the terms and provisions and conditions of the agreement and if a violation occurs, purchaser will hold seller harmless for any due payments.
Wisconsin Indemnification Agreement for Sale of Real Estate with Planted Timber
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State:
Multi-State
Control #:
US-01619
Format:
Word;
Rich Text
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FAQ
A written timber sale agreement or contract is generally the preferable and safest method of selling timber. A written contract is a legally binding document that protects both the buyer and the seller (the landowner) from misunderstandings that may develop in the absence of such an agreement.
(2) and (3), a licensee shall use approved forms when acting as an agent or a party in a real estate or business opportunity transaction.
Code § REEB 16.04 requires Wisconsin licensees to use Wisconsin-approved forms if an approved form is available for that purpose.
A timber deed is a document that gives a timber company the right to cut the timber off of a specific piece of property. Usually they last anywhere from 1 to 3 years.
Which type of agreement assures that a broker will receive compensation regardless of who procures the buyer? property flyers.
Timber (lumber) is often seen as a good portfolio diversifier that can hedge against inflation. Timberland investment involves investment in land that producers timber. There are millions of acres of timberland in the U.S. that are owned by pension funds, charitable trusts, individual investors, and universities.
What does risk management mean as it applies to property management? Controlling and limiting risk through proper insurance. Limiting financial risk through the operating budget.
A written timber sale agreement or contract is generally the preferable and safest method of selling timber. A written contract is a legally binding document that protects both the buyer and the seller (the landowner) from misunderstandings that may develop in the absence of such an agreement.
Cori Lamont October 14, 2020. As the WRA legal team, we often focus on educating and informing WRA members about the changes and impacts to the transaction when a new state-approved (WB) form is approved for use by the Real Estate Examining Board (REEB).
