3 to keep the land in accordance with all police sanitary or other regulations imposed by any governmental authority.
Simple land contract template.
Definition of a simple land purchase agreement form.
2 to use maintain and occupy the land in accordance with any and all building and use restrictions applicable thereto.
1 to purchase the land and pay seller the sum aforesaid with interest thereon as above provided.
Agreement to purchase and sale.
A land contract agreement form is usually signed by a property buyer and its seller.
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One of the primary reasons why a land contract may be used to facilitate a real estate transaction is because the buyer may want to purchase a property but be unable to obtain a bank loan.
It is a voluntary agreement between the two or more parties which have reached a consensus to go forward and close the deal agreeing to the final price and other terms and conditions which have been a load out of post discussion.
Why are land contracts used.
In these situations the buyer and seller can skip the bank loan and enter into a land contract.
Editable sample blank word template.
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The land contract is the document making this transaction official and legally binding.