Installment land contract definition
Installment land contract means a contract for the sale of real property under which the purchaser
Installment land contract means a contract for the sale of land providing that the buyer will receive immediate possession of the land and pay the purchase price in installments over time, but that the seller will retain legal title until all payments are made, and includes an executory contract for conveyance of real property, a contract for deed, a land contract, and a land sales contract.
Installment land contract means a contract with a prospective purchaser of the Debtor’s property which gives that potential purchaser the right to purchase and take title to the subject property at the end of a series of installment payments.
Examples of Installment land contract in a sentence
Other common names for a land purchase agreement include: Land agreement Installment land contract Land sale contract But, keep in mind that a land installment contract differs slightly from a standard land purchase agreement.