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 - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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