Contract for Deed Sample Clauses
A Contract for Deed is a legal agreement in which the seller finances the purchase of real estate for the buyer, allowing the buyer to take possession and make payments over time while the seller retains the legal title until the full purchase price is paid. Typically, the buyer makes regular installment payments directly to the seller, and only upon completion of all payments does the title officially transfer to the buyer. This arrangement is often used when traditional mortgage financing is unavailable, providing a pathway to homeownership while protecting the seller’s interest in the property until payment is complete.
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Contract for Deed. The Contract for Deed is in full force and neither Seller nor, to the best knowledge of Seller, any other party to the Contract for Deed is in default under such contract.
Contract for Deed. The 40’ X 80’ portion of the Subject Property shall be conveyed upon the completion of the payment plan as outlined:
1. Down payment: Within 30 days after the approval and full execution of this Agreement, the Developer shall pay the City, five-thousand dollars ($5,000.00) as a down-payment for the purchase amount of $45,000.00.
2. Thereafter, the Developer shall pay a monthly amount of $3,000 per month until the remaining balance of the purchase amount offset by the cost of walkway is paid in full
3. The Developer shall provide to the City, a copy of an invoice for the cost of the construction of the walkway upon completion and said amount shall credited towards the purchase price.
Contract for Deed. Seller shall promptly provide Buyer with a copy of any notice of default received by Seller under that certain Contract for Deed dated January 23, 1984 with respect to the Real Property.
Contract for Deed. That certain Contract For Deed pertaining to the Property, entered into by Seller, as seller, and The ▇▇▇▇▇▇ Group, LLC and Lake ▇▇▇▇▇, LLC, as purchaser, dated July 10, 2013, recorded July 24, 2013, in the Office of the County Recorder for St. Louis County, Minnesota as Document No. 01219128.
Contract for Deed. Purchaser shall purchase, and Seller shall sell, ----------------- the Property pursuant to a contract for deed (the "Contract for Deed"). Seller and Purchaser shall execute and deliver counterparts of the Contract for Deed on the Closing Date. The Deed shall not be delivered to Purchaser on the Closing Date. Seller shall deposit the Deed in escrow with the Title Company to hold in trust for Seller pending full payment and performance by Purchaser under the Contract for Deed. Upon such full payment and performance, Seller shall authorize and instruct the Title Company to deliver the Deed to Purchaser.
Contract for Deed. If the “Other” box is marked with the Letter D, the Seller shall prepare the necessary documents, at Buyer’s cost and expense, for this transaction and the Parties must agree on the form of same on or before the Finance Contingency Deadline. Contract for Deed Addendum K is attached. For Termination Procedure, see Paragraph 35.