Contract For Deed

Contract for Deed

This Contract for Deed ("Contract") is entered into on [date], by and between [Your Name] located at [Your Company Address], hereinafter referred to as the "Seller," and [Buyer's Name] located at [Buyer's Address], hereinafter referred to as the "Buyer".

1. DESCRIPTION OF PROPERTY

The Seller agrees to sell and the Buyer agrees to purchase the following described real property located at:

Address: [Property Address]
Legal Description: [Legal Description of the Property]

2. PAYMENT

The total purchase price for the property shall be [Purchase Price], payable as follows:

Down payment: [Amount]
Remaining balance: [Amount], to be paid in [Number] equal monthly/annual installments of [Amount] each, beginning on [Date], with the final payment due on [Date].

3. Title and Possession

3.1 The Seller agrees to convey marketable title to the property to the Buyer upon full payment of the purchase price.

3.2 Until the purchase price is paid in full, the Seller shall retain legal title to the property.

3.3 Possession of the property shall be granted to the Buyer upon execution of this Contract.

4. Default

In the event of default by the Buyer:

The Seller shall have the right to terminate this Contract and retain all payments made by the Buyer as liquidated damages, without prejudice to any other rights or remedies available to the Seller.
The Buyer shall forfeit all rights to the property and any payments made towards the purchase price.

6. Governing Law

This Contract shall be governed by and construed by the laws of [State/Country]. Any disputes arising out of or relating to this Contract shall be resolved exclusively by the courts located in [County, State/Country].

8. ENTIRE AGREEMENT

This Contract constitutes the entire agreement between the parties and supersedes all prior agreements and understandings, whether oral or written, relating to the subject matter hereof.

IN WITNESS WHEREOF, the parties hereto have executed this Contract as of the date first above written.

[Your Name]

Seller

[Date Signed]

[Buyer's Name]

Buyer

[Date Signed]