Welcome to our customizable
Contract For Deed Template (Hawaii). This page offers a legal document designed to assist in the purchase or sale of real estate property in Hawaii. It acts as a binding agreement between both the buyer and seller, outlining all terms of the installment sale contract.
Whether you are buying or selling, this template ensures that all aspects of the transaction are defined and agreed upon.
Feel free to download and edit this contract for your own use, ensuring a smooth and legally backed real estate transaction in Hawaii.
CONTRACT FOR DEED
THIS CONTRACT FOR DEED (the “Contract”) is made this
___ day of
___, 20
___, by and between
___ (the “Seller”) and
___ (the “Purchaser”).
PROPERTY DESCRIPTION
The property being sold under this Contract is located at
___ (the “Property”). It is legally described as follows:
___.
PURCHASE PRICE
The total purchase price for the Property is
___ Dollars ($
___). The Purchaser will pay the Seller this amount according to the terms stated herein.
PAYMENT TERMS
The Purchaser will make a down payment of
___ Dollars ($
___) on the date of execution of this Contract. The balance of the purchase price,
___ Dollars ($
___), will be paid in monthly installments of
___ Dollars ($
___) or more, beginning on
___, and continuing on the same day of each month thereafter until the full purchase price has been paid.
INTEREST
Interest on the unpaid balance of the purchase price shall accrue at the rate of
___ percent (
___%) per annum.
LEGAL TITLE
Legal title to the Property shall remain with the Seller until the full purchase price has been paid by the Purchaser. Upon payment of the full purchase price, the Seller will convey the Property to the Purchaser by a special warranty deed, free and clear of all liens and encumbrances, except as otherwise provided in this Contract.
DEFAULT
If the Purchaser fails to comply with any term of this Contract, the Seller may, at its option, declare the entire remaining balance of the purchase price immediately due and payable, and may take possession of the Property.
GOVERNING LAW
This Contract shall be governed by and construed in accordance with the laws of the State of Hawaii.
ENTIRE AGREEMENT
This Contract contains the entire agreement of the parties and there are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the subject matter of this Contract.
SIGNATURES
SELLER:
___
Signature:
___ Date:
___
PURCHASER:
___
Signature:
___ Date:
___
ACKNOWLEDGMENT OF NOTARY PUBLIC
State of Hawaii
County of
___
On this
___ day of
___, 20
___, before me, a Notary Public in and for said county and state, personally appeared
___, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that he/she executed the same for the purposes therein contained.
Notary Public:
___
Signature:
___ Date:
___
My Commission Expires:
___
