In the Farm and Ranch contract, if the Sales Price varies by more than what amount based on a survey, either party may terminate the contract?

In the context of the Farm and Ranch contract, if the Sales Price varies by more than 10% based on a survey, either party has the right to terminate the contract. This provision is important as it provides a safeguard for both buyers and sellers, ensuring that significant discrepancies in property value identified during the survey can lead to a reassessment of the terms of the agreement. A 10% threshold effectively balances the interests of both parties, allowing for reasonable adjustments without leaving one party overly exposed to larger financial risks or losses.

Other options, such as amounts referenced in specific sections of the contract or a smaller percentage, do not establish the same degree of protection and flexibility for termination rights based on survey findings. The provision is designed to uphold fairness and transparency in the transaction process for Farm and Ranch real estate.