The LAND CONTRACT has many names. In some parts of the country it is known as a "Contract for Deed" and in other areas it is known as an "Installment Contract." This form is designed as an agreement between the Seller and the Buyer for the purchase of real property in which the payment of all or a portion of the purchasing price is deferred.
The purchase price may be paid in installments over the period of the contract, with the balance due at maturity. When the Buyer completes the required payments, the Seller must deliver valid legal title by way of a deed. During the period of the contract, the Buyer makes installment payments on the purchase price and is entitled to possession and equitable title to the property. The Seller holds legal title and continues to be liable for payment of any underlying mortgage or loans.
The Buyer may assign and convey his/her interest in this "Contract" or any part thereof provided, however, that such assignment or conveyance should not result in any impairment of Seller's position. Under no circumstances shall any assignment or conveyance release the Buyer from obligations under this "Land Contract" unless the Seller specifically releases the Buyer in writing.
Can you read an existing agreement or contract and tell the difference between what is legal and what is not ?
If you don't understand all that legal language, you're not the only one.
Whether you are the buyer or seller, the language of any LAND CONTRACT can be confusing. Unfortunately, most of us cannot afford to hire an attorney to help us. Unless you know and understand contract law, it is very hard to write or sign any kind of agreement and be sure you won't be in trouble later.
We are here to help! You don't have to know all the rules, because our easy-to-use land contract form contains all the legal language you need. All you have to do is fill in your information.
Don't be mislead by all the free and cheap real estate forms available on the Internet. Most are not worth your time or effort and will ultimately get you in trouble. Our Official LAND CONTRACT forms contain all the legal language and protection you need.
That old saying about "how you get what you pay for" has never been more valid.
The entire process to obtain a valid land contract form is quick, easy, very affordable and most of all USER FRIENDLY. Keep reading and we will explain how everything works. Your land contract is only a click away.