Land Contract Document

A Land Contract is a legal agreement used in real estate transactions where the seller allows the buyer to purchase a property by making installment payments over time, rather than paying the full price upfront. The buyer usually occupies the property while making these payments, and the seller retains ownership until the full amount is paid. This arrangement can be beneficial for buyers who may not qualify for traditional financing. It typically outlines payment terms, responsibilities for property maintenance, and what happens if payments are missed.