A contract for the sale of real estate by which the purchase price is paid in installments over an extended period of time by the purchaser, who is in possession, with the title retained by the seller until a certain number of payments are made. The purchaser's payments may be forfeited upon default.
also called a land contract, it is the buying of property via installment payments.If the purchaser defaults, the payments made are forfeited.The property deed is usually only surrendered to the buyer when a certain part of the price has been paid or when all of the installments have been made.
A contract which provides for payment of a purchase price in installments; an agreement of sale. Also called installment land contract or installment sale.
A method of purchasing by installment (usually monthly) payments. When referring to real property, it is usually called a land contract.
A real estate purchase agreement providing for the payment of the purchase price in several successive payments such as monthly payments. A land contract is an installment contract.
See Land Contract. Installment Note - A promissory note calling for periodic payments.
A purchase agreement in which the buyer does not receive title to the property until all installments are paid.
A method of purchasing by installment payments. When referring to real property, the most common term is a land contract.
A purchase agreement where the buyers do not receive the title to the property until all installments are paid.
A purchase agreement in which the buyer makes a series of payments.
Purchase of real estate upon an installment basis; upon default, payments are forfeited. Often called a LAND CONTRACT, the deed to the property is not given to the purchaser until either all or a certain portion of the purchase price has been paid.
A contract for the sale of real estate whereby the purchase price is paid in periodic installments by the purchaser, who is in possession of the property even though title is retained by the seller until a future date, which may not be until final payment. Also called a contract for deed or articles of agreement for warranty deed.
