Contract for Deed - Complete and unabridged

Contract for Deed

THIS DAY this Agreement is entered into by and between ___________________ (Names of Sellers), hereinafter referred to as Seller, whether one or more, and _________________(Names of Purchasers),
hereinafter referred to as Purchaser, whether one or more, on the terms and conditions and for the purposes hereinafter set forth:

1.         Sale of Property

For and in consideration of ____________ ($_______) and other good and valuable considerations the receipt and sufficiency of which is hereby acknowledged, Seller does hereby agree to convey, sell, assign, transfer and set over unto Purchaser, the following Property (the Property) situated in ________________ (Name of County), ____________ (Name of State), said Property being described in Exhibit A attached hereto and made a part hereof.

Together with all rights of ownership associated with the Property, including, but not limited to, all easements and rights benefiting the Property, whether or not such easements and rights are of record, and all tenements, hereditaments, improvements and appurtenances, including all lighting fixtures, plumbing fixtures, shades, venetian blinds, curtain rods, storm windows, storm doors, screens, and awnings, if any, now on the Property.Subject to all recorded easements, rights-of-way, conditions, encumbrances and limitations and to all applicable building and use restrictions, zoning laws and ordinances, if any, affecting the Property.

2.         Purchase Price and Terms

The purchase price of the Property shall be $_____________. The Purchaser does hereby agree to pay to the order of the Seller the sum of $_____________ upon execution of this Agreement, with the balance of $_____________ being due and payable as follows: (Select one)

[     ]     A.        Balance payable in ________ (number) monthly installments of

$_____________  each, with the first installment being due and payable on the _____ day of ______________, 20_____, and a like payment on the first day of each month thereafter until the ____ day of _____________, 20_____, when the final payment shall be due. No interest shall be charged on the unpaid balance.

[     ]     B.        Balance payable, together with interest on the whole sum that shall be

from time to time remain unpaid at the rate of _______ per cent, per annum, payable in the amount of $___________ dollars per month beginning on the ______ day of
_____________, 20______, and continuing on the same day of each month thereafter until fully paid....(Read full text below . The document can be downloaded and it is editable.)
CONTRACT FOR DEED SAMPLE