Land Contract

Download (4) Page Land Contract Form.

This land contract form was drafted for the land sellers protection in mind, when offering owner financing.   A Land Contract is a legal agreement between the land seller and land purchaser.  The agreement for sale form provides a detailed outline payment plan that the land buyer agrees to follow.  When all requirements have been meet, the land seller delivers a grant deed to the buyer named within the agreed land-contract.

When selling your property, and you plan on financing your new land buyer, here is a quick and simple way to draft up a Land Contract, or Contract for Deed. This 2 page Land Contract form will get you started ( download form below ). This real-estate form includes most standard clauses that protects you, the land seller in most situations.

A signed Land Contract sales agreement  is a binding legal agreement between the land seller, and the land buyer.  It has also been called a Contract For Deed. Title is transferred when the full terms of the Land Contract have been satisfied.  The ownership title stays with the land seller, until the final payment has been made by the buyer.  When the terms of the Land Contract have been meet it’s the responsibility of the land seller to grant the land contract buyer title to the new owner and record or deliver the Deed in favor of the buyer, named within the land contract form. This is also called a contract for deed.  Here is more information on How To Use A Land Contract.

The Land Installment Contract is a type of real-estate agreement by which the buyer is required to make periodic monthly payments towards an mutually agreed purchase price for the vacant land or other real estate and only on the last payment is the seller required to deliver deed.

Here’s the way most use this Land Contract form.

(1) – One, you will need the legal description from your deed when you acquired title to the property.
(2 ) – Two, determine the amount of interest you will be charging your land buyer for the term of the land sales agreement.
(3) – Three, The term of the loan. How long will the loan be for? How many monthly payments, and will there be a balloon payment at the end date specified in your sales agreement.

Here are some of the benefits for selling your land with a land contract. Probably the most important reason, is that you can sell your land with minimal down payment allowing the first time property buyer to purchase your land while still maintaining ownership till the contract is paid off. The need to do a judicial foreclosure is not necessary if your land buyer defaults. Eliminating this alone can save you upwards of several thousand dollars.

This land contract is view-able and editable in Microsoft Wordpad.  Since every State is a little different, we advise you to check your local laws regarding financing this way.  At minimum, have a self help legal assistant proof read it or have your attorney review for larger sales transactions. Your local title company may assist you with this if needed.

Here’s more information about selling and buying real estate using a Land Contract.

As with most legal documents, this Land Contract is not guaranteed to be bullet proof – But we feel confident enough with its detailed contents, specifically geared for the Land Sellers best interests, that we use it for our land sales too. This land contract is general enough to be used for most land and acreage sales within the United States.

After you receive the form you can modify the sample text with most text editors. This form is editable with all Windows operating systems.

After payment you’ll be given the Download Link as soon as Paypal processed your order.   E-checks usually take 4 days to clear.   When the E-check has cleared you’ll receive the land contract form via email link automatically.

Download Land Contract Form