Simple Land Contract Template

Get high quality printable simple land contract form.

Simple land contract template.

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

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. Why are land contracts used. Like any other basic real estate contract template a land contract will include these details. 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.

1 to purchase the land and pay seller the sum aforesaid with interest thereon as above provided. 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. 2 to use maintain and occupy the land in accordance with any and all building and use restrictions applicable thereto. 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.

The land contract is the document making this transaction official and legally binding.