Land Contract Sample Michigan. A land contract is a contractual agreement between a buyer and a seller of real estate—usually residential real estate. Start a free trial now to save yourself time and money!
This type of real estate purchase contract is a. Using the legal description of the property (which is usually a "metes and bounds" or plot map description created for the property by a. The most secure digital platform to get legally binding, electronically signed documents in just a few seconds.
A land contract will often refer to the seller as the vendor and to the buyer as the vendee.
The terms and conditions stipulated in land contracts or property management.
Land contracts in Michigan should contain the home's purchase price and the time and terms for payment. The purchase price is commonly paid in installments until satisfied. A Land Contract must accurately reference the parties who are selling and buying the property, and the Contract must specifically describe the property being sold.