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Updated July 28, 2023

A Florida land contract records the terms of a purchase of vacant land. Both parties shall include the agreed-upon purchase price as well as any other financial contingencies surrounding the transaction. Before signing, the buyer may conduct environmental assessments within the specified time period on the contract (referred to as the “Feasibility Study Period”). The parties will then execute the document at the scheduled closing date, wherein the seller and buyer will exchange funds and transfer the deed.

Supplemental Information

Vacant Land Disclosure Statement – A seller must disclose facts regarding the vacant land, including defects and facts that materially impact the value of the property. It should be used instead of the Seller’s Property Disclosure (Residential Form).
Where to Record? (FL Stat § 28.222) – Deeds must be filed with the Clerk of the Circuit Court along with all required filing fees.