A land contract form, also known as a contract for deed, may be a legally binding document between the seller and buyer of some sort of property, such as a house. With a land contract form, the seller agrees to accept payments for the property from the buyer.

The signing of a land contract template by the buyer means the same thing as signing a mortgage. But it’s not the same as a lease contract form that’s designed for the rental of properties owned by a landlord. A land contract form is an agreement to buy the property without having to apply for a loan as the seller who provides the financing.

This is also called a land contract agreement and it’s a legally-binding document. With this contract, the seller has signified his intent to accept payments from a buyer for a property he owns. Once the buyer has paid the loan to the property in full, the seller transfers the property’s title to the buyer. What is a land contract form?

A land contract sample is a type of seller financing. Although it’s similar in substance to a mortgage, it differs in the sense that instead of the buyer borrowing funds from the bank to purchase the property, the buyer makes real estate payments to the owner until the entire price gets paid in full.