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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, xx 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 contract vendees shall be recognized as owners unless the vendor provides the Association with a copy of the land contract expressly reserving voting privileges to the vendor.

  • Land contract vendors and vendees can be individuals, partnerships, corporations, estates, trusts, or other entities.

  • Land contract terms are usually stated as part of the land contract.

  • Once the Buyer has made (24) twenty-four or more rental payments, the parties hereto shall execute a "Conditional Sales Contract" (Land contract) form embodying the terms contained herein.

  • The prior settlement statement will be required for proof of purchase price Refinance of a previous cash out seasoned < 1 year will be considered cash out refinance. Refinancing of a Land contract is considered a purchase and LTV should be calculated using purchase price.


More Definitions of Land contract

Land contract means the contract of sale in respect of each Eligible Lot in The Edge at Westbrook which includes the customer as the purchaser and the developer that is Leakes Pty Ltd ACN 109 665 572 or one of its Related Entities as parties to that Contract;
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 a contract for the sale of land for an Eligible Lot between a Potential Buyer (as buyer) and Economic Development Queensland (as seller).
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 3.1(f)(4).
Land contract has the meaning set forth in Section 5.12.5.
Land contract means (a) all material Contracts pursuant to which any Person is granted a possessory interest in, or right to use or occupy, all or any portion of a Project Site, and (b) all material easements, options and other real property estates, interests or rights in and to a Project Site and held by any Acquired Company.