: A detailed legal description matching the official survey plan.
: The contract details the total purchase price, down payment, monthly installments, and interest rate (often fixed). contract to buy land
: In a land contract, the buyer takes immediate physical possession and use of the property. However, the seller retains the legal title until the final payment is made. The buyer typically holds equitable title during the payment period. : A detailed legal description matching the official
: Full names and addresses of the vendor (seller) and vendee (buyer). contract to buy land
: Specifics on who is responsible for property taxes, insurance, and maintenance/repairs.