Contract for Deed

Penalty & Buyer receive a discount

Can early payments be made without penalty?

Yes No

What type of early payment will be accepted?

Any amount Full amount

Will the buyer receive a discount if the contract is paid off early?

Yes No

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Encumbrances

Is there any debt tied to this property?

Yes No

Will the seller be allowed to use the property as collateral on future loans?

Yes No

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Additional Terms

Who will have possession and use of the property until the contract is paid in full?

Buyer Seller

Has the seller agreed to perform any specific repairs to the property?

Yes No

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Insurance, Sale taxes & Real estate taxes

Who will be responsible for maintaining insurance?

Buyer Seller

Who will be responsible for paying taxes assessed for the sale of this contract?

Buyer Seller

Who will be responsible for paying real estate taxes and assessments throughout the term of this contract?

Buyer Seller

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Type of deed will be used to convey the property

What type of deed will be used to convey the property to the buyer upon completion of the contract terms?

Warranty Deed Quit Claim Deed Grant Deed Special Warranty Deed Bargain and Sale Deed Other

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Additional Clauses

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Penalty & Buyer receive a discount

Can early payments be made without penalty?

What type of early payment will be accepted?

What is the penalty for prepayment?

Will the buyer receive a discount if the contract is paid off early?

When must the contract be paid off to receive the discount?

Paid by

Discount percentage for final payment

Encumbrances

Is there any debt tied to this property?

Who is the creditor?

Name:

Address:

Total Amount of Debt:

Will the seller be allowed to use the property as collateral on future loans?

Additional Terms

Who will have possession and use of the property until the contract is paid in full?

Has the seller agreed to perform any specific repairs to the property?

What types of repairs has the seller agreed to make?

Repair Types

How many days does the seller have to complete the repairs?

Lead Based Paint Disclosure

Was the property building built prior to 1978?

Insurance, Sale taxes & Real estate taxes

Who will be responsible for maintaining insurance?

Who will be responsible for paying taxes assessed for the sale of this contract?

Who will be responsible for paying real estate taxes and assessments throughout the term of this contract?

Type of deed will be used to convey the property

What type of deed will be used to convey the property to the buyer upon completion of the contract terms?

What is the name of the deed you will use to convey the property to the buyer upon completion of the contract terms?

Additional terms

Who will be responsible for the cost of recording the deed?

Who will be entitled to claim the property for tax purposes?

Additional Clauses

Do you want to include any additional terms or Conditions?

First Additional Clause