A land contract agreement form is usually signed by a property buyer and its seller.
Simple land contract template.
Why are land contracts used.
Like any other basic real estate contract template a land contract will include these details.
A simple land purchase agreement form is a legally binding document between the buyer and the owner of the original land the seller can provide the installment period to the buyer through the bank or can offer his terms by providing financing to the buyer.
2 to use maintain and occupy the land in accordance with any and all building and use restrictions applicable thereto.
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3 to keep the land in accordance with all police sanitary or other regulations imposed by any governmental authority.
1 to purchase the land and pay seller the sum aforesaid with interest thereon as above provided.
Agreement to purchase and sale.
Editable sample blank word template.
One of the primary reasons why a land contract may be used to facilitate a real estate transaction is because the buyer may want to purchase a property but be unable to obtain a bank loan.
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The land contract is the document making this transaction official and legally binding.
It is a voluntary agreement between the two or more parties which have reached a consensus to go forward and close the deal agreeing to the final price and other terms and conditions which have been a load out of post discussion.