A land contract might also be known as a contract agreement for deed a land installment contract see land installment contract form or installment sale agreement.
Simple land contract template.
3 to keep the land in accordance with all police sanitary or other regulations imposed by any governmental authority.
Like any other basic real estate contract template a land contract will include these details.
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2 to use maintain and occupy the land in accordance with any and all building and use restrictions applicable thereto.
A simple land purchase agreement form is a legally binding document between the buyer and the owner of the original land the seller can provide the installment period to the buyer through the bank or can offer his terms by providing financing to the buyer.
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Editable sample blank word template.
One of the primary reasons why a land contract may be used to facilitate a real estate transaction is because the buyer may want to purchase a property but be unable to obtain a bank loan.
Definition of a simple land purchase agreement form.
A land contract agreement form is usually signed by a property buyer and its seller.
Agreement to purchase and sale.
In these situations the buyer and seller can skip the bank loan and enter into a land contract.
The land contract is the document making this transaction official and legally binding.