Definitions for "LAND CONTRACT"
A land contract is a real property sales contract.
Also called "Contract for Deed". A method of financing whereby the ownership of a piece of property or real estate remains in the seller's name as security until the buyer pays the purchase price in full.
A contract used in the sale of real property when the seller wishes to retain legal title until all or a certain part of the purchase price is paid by the buyer. It is also referred to as an installment sales contract or an agreement of sale. Back to the Top
Keywords:  lapsed, option
Landlord Lapsed option
Keywords:  michigan, selling, method, common
a common method of selling land in Michigan
Keywords:  lease
land lease landlord
Keywords:  development, loan
Land Development Loan