Thanks John. You answered it about like I thought it was also. My son owns 1/4 and I own 1/4 and the buyer owns 1/2. The purchase agreement names us together (my son and I) as the sellers of "an undivided 1/2 interest". And yes, we are selling all that we own which is 1/2 interest in the land. I wasn't sure how to take the undivided interest part but now understand that. And including the language that an "everyday person" can understand might not hurt. After going through a court case and $14,000 where the language in the purchase agreement was called into question and was the deciding factor over all other documents, I have learned to make sure. In this case though, I am the seller and don't see anything coming back on my part. As my son said though, if something comes up on the buyer side (he is buying it in a trust) , it should be written as plain as possible. So, I will have the lawyer edit it that way. Thanks again.
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Today's Featured Article - Fasteners: The Nuts and Bolts of Nuts and Bolts - by Curtis Von Fange. The nuts and bolts of nuts and bolts is an interesting and essential piece of knowledge that applies to our older tractors. An improperly torqued capscrew on an engine head or a shear bolt that is too hard on the driving shaft of a bushog can create havoc and make an expensive and uncalled for repair. Let�s examine the purpose and design of these fasteners in order to ensure their proper use. Fasteners are probably one of the aspects of mechanics that is given the least amount of thought.
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