Under a Contract for Deed, once the Buyer has made all the payments specified in the agreement and met all other obligations, the Seller must transfer a valid legal title through a Deed. Through a Contract for Deed, the Seller finances the property that is being sold while keeping the title or deed as security. The Buyer will make payments in installments for the duration of the Contract for Deed and is allowed possession of the property, while the Seller will remain liable for any existing mortgage on the property.
Some of the advantages of Contracts for Deed are that the closing costs associated with this type of transaction are usually lower than transactions involving mortgages, banks or other institutional type lenders. This type of Agreement can be useful when other financing may not be even available to Buyer.
These are just some of the important provisions included in this Contract for Deed:
- Parties: Identifies the Seller and Buyer involved in the transaction;
- Price and Payment: Sets forth the price for the property and when and how payments are to be made;
- Security: Explains that the Contract stands as security for the performance and payments by Buyer.
- AS-IS condition of Property: Buyer will accept the property AS-IS;
- Deed and Evidence of Title: Promise that seller will deliver a general warranty deed after buyer fulfils his or her obligations
- Title: Assurance that title will be free and clear of all encumbrances
- Taxes and Assessments: States that Buyer will pay all taxes and assessments ;
- Risk of Loss and Insurance: Assigns the risk of loss by negligence, fire or other casualty.
- Eminent Domain: Explains rights and obligations in the event the property is taken by eminent domain;
- Prepayment: Explains what happens if the Buyer prepays
- Possession of Property: Buyer shall have possession of the property as long as all contract terms are complied with ;
- Default by Seller of Buyer: Consequences of default by either the Seller or Buyer
- Maintenance of Property: States that Buyer will maintain property;
- Mortgage by Seller: Explains that Seller may place a mortgage on the property ;
- Conveyance by Seller: Seller may convey his or her interest in the property;
- Joint and Several Liability: If there is more than one Buyer, all will be jointly and severally liable;
- Reinstatement after Acceleration: Buyer may reinstate this Contract in the event of default and acceleration according to law;
- Assignment of Sale by Buyer: States that Buyer will not assign his interest in the property without consent of the seller;
- Disputes: Allows the parties to select how to handle disputes;
Protect Your Rights, Your Property and Yourself, with these accurate and easy to use forms.
This form packet prepared by lawyers includes:
- Instructions and Checklist for Contract for Deed;
- Information about Contract for Deed;
- Contract for Deed
- Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards
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Product Specifications
| Category | Contract for Deed |
| Country | United States |
| Pages | 18 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Platform | Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Download time | Less than 1 minute (approx.) |
| Document Access | Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
| Support | Customer support 1-800-959-5899 Online support Additional Help |
| Also known as | Real Estate Installment Agreement, Contract Sale, Land Contract, Agreement for Deed, Contract Deed, Deed Contract |
Our Promise to You:
We provide accurate, legal and secure forms. All of our forms are prepared by attorneys, can be downloaded and accessed immediately, and are backed by a 100% money back guarantee – if you are dissatisfied, in any way, you get your money back.
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Customer Reviews
Average Rating:
Reviews: 5
A M -
Elizabethtown,
KY
No Customer Comments
S R -
Oklahoma City,
OK
I was looking for specific language in a provision and (after searching many websites) found exactly what I needed at FindLegalForms. Easy to use, quick download, will use again as the need arises.
F H -
Tucson,
AZ
I needed a real comprehensive contract for deed form. FindLegalForms delivered a great form I could modify in Word to fit my needs at a very reasonable price. In addition it came in rtf and pdf formats.
R M -
Las Vegas,
NV
I filled out the form, took it to escrow, and because the title company had been working on the paperwork ahead of time, we closed the next day. An attorney would have charged $500.00 to fill this out for us, and a real estate person would have charged us 6% of the sales price. Thank you so much.
J G -
Duncan,
OK
A complete and professional package at a very reasonable price.
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