Free Printable Land Contract Forms
In America, there are various names for the Land Contract Forms and they are also known as ‘Contract for Deed’, Agreement for Deed’ or ‘Installment Contract’. Land Contract Deeds are drawn between the buyer and the seller for the purchase of the real property, where payments are made in installments or as agreed by the seller. The buyer may pay initial advance for the property now, and pay the balance amount in future or on specific date as agreed by the both parties. The balance amount may also carry certain rate on interest, which the buyer will have to pay on the payment due date.
The main reason for writing such agreements is to facilitate the Real Property purchase between buyer and seller. The ownership or property title transfer is not completed, till the buyer pays the full final amount of the real estate property, with the interest to the seller. The seller is also responsible for any property expenses, till full payment is received or property title is transferred.
Free Printable Land Contract Forms in Word – download