Common Contracts
2 similar Land Contract contracts
What is a Land Contract?Land Contract • April 3rd, 2014
A land contract is an installment contract in which the Seller finances the purchase. The seller maintains the deed until satisfaction. It is comparable to owner financing. The buyer gives the Seller a down payment and the Seller acts as a Bank; financing the balance of the purchase or sale price. The interest rate is negotiated by the parties.
What is A Land Contract? Fast Fact #30Land Contract • February 27th, 2009
A land contract is an installment contract in which the Seller finances the purchase. The seller maintains the deed until satisfaction. It is comparable to owner financing. The buyer gives the Seller a down payment and the Seller acts as a Bank; financing the balance of the purchase or sale price. The interest rate is negotiated by the parties.
