- land contract
-
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
land contract
Look at other dictionaries:
land contract — n. a contract in which a purchaser of real estate, upon making an initial payment, agrees to pay the seller stipulated amounts at specified intervals until the total purchase price is paid, at which time the seller transfers his interest in the… … English World dictionary
Land contract — A land contract (sometimes known as a “contract for deed” or an “installment sale agreement”) is a contract between a seller and buyer of real property in which the seller provides financing to buy the property for an agreed upon purchase price… … Wikipedia
Land Contract — An agreement between a buyer and seller of property in which the buyer makes payments toward full ownership (as with a mortgage), but in a land contract, the title or deed is held by the owner until the full payment is made. This type of contract … Investment dictionary
land contract — 1. a contract for the purchase and sale of land. 2. a contract in which a purchaser of real estate, upon making an initial payment, agrees to pay the seller stipulated amounts at specified intervals until the total purchase price is paid, the… … Universalium
land contract — 1. a contract for the purchase and sale of land. 2. a contract in which a purchaser of real estate, upon making an initial payment, agrees to pay the seller stipulated amounts at specified intervals until the total purchase price is paid, the… … Useful english dictionary
land contract — See land sale contract … Black's law dictionary
land contract — See land sale contract … Black's law dictionary
land contract — A contract whereby one party agrees to sell and the other to purchase real estate. Pike Rapids Power Co. v Minneapolis, St. P. & S. S. M. R. Co. (CA8 Minn) 99 F2d 902. A contract for the transfer of the title to real estate in consideration of a… … Ballentine's law dictionary
land contract — Contractual arrangement used in some states under which a buyer purchases real estate from a seller over a period of time, usually by making periodic installment payments. Title is not conveyed to the buyer until the final payment is made. Also… … Financial and business terms
installment land contract — Type of contract by which buyer is required to make periodic payments towards purchase price of land and only on the last payment is the seller required to deliver a deed. Also called a contract for deed or long term land contract. See also land… … Black's law dictionary
