Land Contract Purchase Agreement Michigan

Land Contract Purchase Agreement Michigan. Fully editable and easy to use. This type of real estate purchase contract is a.

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If the buyer fails to make payments on the home, they may be liable for damages covering the missed payment(s). The Land Contract Specialist in Michigan. A land contract is a contract between a buyer and private seller for real property that has a home on it.

A Michigan land contract contains the names and signatures of the seller and buyer, as well as a description, or address, of the property.

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In the event the buyer defaults, a lease with option to purchase proves advantageous to the seller. A land purchase contract is made when an individual purchases a land from another individual. Survey to be completed depending on number of acres being purchased.