Contract For Deed Template (Delaware) FREE To Download, Edit & Use

Welcome to our Contract for Deed Template page, specifically designed for the state of Delaware. On this page, you will find a comprehensive yet simple-to-use template of a contract for deed, an essential legal document in real estate transactions. This contract outlines the purchase agreement, typically in form of an installment sale agreement, commonly referred to as a land contract. It addresses all necessary terms and conditions surrounding a property’s sale under what’s often called seller financing. Feel free to download and edit this customizable buyer-seller contract suitable for your property transaction needs.

CONTRACT FOR DEED

THIS CONTRACT FOR DEED is made and entered into this day of [Month, Year], by and between [Seller’s Full Legal Name], of [Seller’s Legal Address], hereinafter referred to as the “Seller”, and [Buyer’s Full Legal Name], of [Buyer’s Legal Address], hereinafter referred to as the “Buyer”.

1. PROPERTY DESCRIPTION

The Seller agrees to sell, and the Buyer agrees to buy the property described as follows: [Full Legal Description of the Property] The property is physically located at [Property Address], hereafter referred to as the “Property”.

2. PURCHASE PRICE

The agreed total amount for the purchase of the Property is [Total Purchase Amount in Words (USD)] dollars ($[Total Purchase Amount in Figures]).

3. PAYMENT TERMS

The Buyer shall pay the Seller the purchase price in the manner following: [Detailed Payment Schedule]

4. DEED AND TITLE

Upon full payment of the Purchase Price, the Seller shall deliver to the Buyer a quitclaim deed conveying the Property to the Buyer, free and clear of all encumbrances, except as otherwise provided in this Contract.

5. POSSESSION AND OCCUPANCY

The Buyer shall be entitled to possession and occupancy of the Property from the date of this Contract.

6. MAINTENANCE AND REPAIR

The Buyer agrees to maintain the Property in a good state of repair, normal wear and tear excepted, and shall not commit waste on the Property.

7. INSURANCE

The Buyer shall maintain sufficient insurance to protect the Property from loss by fire and other hazards.

8. DEFAULT

In case of default by the Buyer, the Seller may terminate this Contract.

9. GOVERNING LAW

This Contract shall be governed by and construed in accordance with the laws of the State of Delaware.

10. ENTIRE AGREEMENT

This Contract contains the complete agreement between the Seller and the Buyer and cannot be changed except by written agreement. IN WITNESS WHEREOF, the parties hereunto set their hands this day of [Month, Year]. ______________________________ ______________________________ [Seller’s Full Legal Name] [Buyer’s Full Legal Name] ______________________________ ______________________________ Date Date Notary Public, State of Delaware [Notary Seal] [Notary Public’s Name] My Commission Expires: [Expiration Date]

Download Contract


[print_posts post=”POST_ID OR LEAVE EMPTY” pdf=”yes” print=”yes” word=”yes”]

Scroll to Top