Installment Sale Agreements

An Installment Sale Agreement is a way to buy something expensive, like property or equipment, by paying over time instead of all at once. The buyer and seller agree on a payment plan with set installments over a period. The buyer gains ownership after making the agreed payments, while the seller receives regular income. This arrangement benefits buyers who prefer manageable payments and sellers who want steady cash flow, with legal terms outlining responsibilities and rights. It’s commonly used in real estate and large asset transactions, offering a flexible alternative to traditional financing.