Simple Land Contract Template

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Simple land contract template.

The land contract is the document making this transaction official and legally binding. 1 to purchase the land and pay seller the sum aforesaid with interest thereon as above provided. 2 to use maintain and occupy the land in accordance with any and all building and use restrictions applicable thereto. Editable sample blank word template.

3 to keep the land in accordance with all police sanitary or other regulations imposed by any governmental authority. Why are land contracts used. 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. It is a voluntary agreement between the two or more parties which have reached a consensus to go forward and close the deal agreeing to the final price and other terms and conditions which have been a load out of post discussion.

Agreement to purchase and sale. Definition of a simple land purchase agreement form. 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. In these situations the buyer and seller can skip the bank loan and enter into a land contract.

A land contract agreement form is usually signed by a property buyer and its seller.