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What is a Land Contract?

Updated: Nov 2, 2023

A land contract, also called a contract for deed, is a type of financing agreement in which the seller of a property agrees to sell the property to the buyer over time, typically with the buyer making monthly payments and taking possession of the property before the loan is paid off. Ownership is not conveyed until the payments are completed.

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A Land Contract is a deal done between the owner and a second party. The second party works on land and gives some profit according to an agreement.

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