Land contract definition
Land contract means a contract for the sale of real estate in which the seller of the real estate retains legal title to the real estate until the total contract price is paid by the buyer.
Land contract means a contract for the sale of real estate in
Land contract means that certain Second Amended and Restated Vacant Land Purchase and Sale Agreement dated March 23, 1995, between Mission Viejo Company, as Seller, and The Feld Company, as Purchaser, ▇▇ assigned to and assumed by WPHC by that certain Assignment and Assumption Agreement - Purchase Agreement dated May 2, 1995.
Examples of Land contract in a sentence
Land contracts can go by many names: Land contract of sale Land sale contract Real estate sales contract Land installment contract Installment sales contract Agreement to convey Agreement for purchase and sale Contract for deed Articles of agreement for warranty deed Executory contract Contract for sale Poor man’s mortgage Under a land contract, the buyer does become the owner once the land contract is signed.
Land Contract Land contract Contract of Purchase Agreement on Land.
Land contract for, buyers are leases combined or in return receipt requested, they make getting a real or an office.
Land a Form 3 Land and Agreement Land contract Agreement Template Land lease Agreement Template 2 Land boundary Agreement Template 3.
Land contract terms contract contract for deed agreement for deed land installment contract installment sale agreement.
More Definitions of Land contract
Land contract means all Easements and other documents constituting or relating to current or anticipated Real Property Interests or Other Real Property Interests including lease agreements, license agreements, easement agreements, option agreements and purchase agreements.
Land contract has the meaning set forth in Section 5.12.5.
Land contract has the meaning set forth in Section 3.1(f)(4).
Land contract in respect of a Property, shall mean any Contract relating to the grant of or transfer of the land-use rights of such Property.
Land contract means all material deeds, leases, sublease or sub-sublease, letting, license, concession or other Contract (whether written or oral and whether now or hereafter in effect) pursuant to which any Person is granted a possessory interest in, or right to use or occupy, all or any portion of any space in a project site, easements, options and other real property estates, interests or rights in and to a project site held by any Project Company.
Land contract means a bona fide agreement for the sale of the premises that includes a proper legal description, a sale price, a final payment due date and provision for transfer of the premises by deed upon satisfaction of the land contract by the land contract vendee.
Land contract. If this Offer provides for a land contract, prior to execution of the land contract Seller shall provide the same evidence of merchantable title as required above and written proof, at or before execution, that the total underlying indebtedness, if any, is not in excess of the proposed balance of the land contract, that the payments on the land contract are sufficient to meet all of the obligations of Seller on the underlying indebtedness, and that all creditors whose consent is required have consented to the land contract sale. PROPERTY ADDRESS: Unit ___, Wilderness Hotel Condominium, Lake Delton, Wisconsin OPTIONAL ▇▇▇▇▇▇IONS: THE PROVISIONS ON LINES 225 THROUGH 259 ARE A PART OF THIS OFFER IF MARKED, SUCH AS WITH AN "x". THEY ARE NOT PART OF THIS OFFER IF MARKED N/A OR ARE LEFT BLANK. ____ FINANCING CONTINGENCY: This Offer is contingent upon Buyer being able to obtain, within ______ days of acceptance of this Offer, a __________________________ [INSERT LOAN PROGRAM (fixed) (adjustable)] [STRIKE ONE] rate first mortgage loan commitment, in an amount of not less than $____________________ for a term of not less than ______ years, amortized over not less than _______ years. If the purchase price under this Offer is modified, the loan amount, unless otherwise provided, shall be adjusted to the same percentage of the purchase price as in this contingency and the monthly payments shall be adjusted as necessary to maintain the term and amortization stated above. IF FINANCING IS FIXED RATE the annual rate of interest shall not exceed _______% and monthly payments of principal and interest shall not exceed $__________________________. IF FINANCING IS ADJUSTABLE RATE the initial annual interest rate shall not exceed _____%. The initial interest rate shall be fixed for ______ months, at which time the interest rate may be increased not more than _____% per year. The maximum interest rate during the mortgage term shall not exceed _____%. Initial monthly payments of principal and interest shall not exceed $__________________. Monthly payments of principal and interest may be adjusted to reflect interest changes. MONTHLY PAYMENTS MAY ALSO INCLUDE 1/12th of the estimated net annual real estate taxes, hazard insurance premiums, and private mortgage insurance premiums. Buyer agrees to pay a loan fee in an amount not to exceed ______% of the loan. [Loan fee refers to discount points and/or loan origination fee, but DOES NOT include Buyer's other closing costs.] SEE LINES...