Welcome to our
Contract For Deed Template (Massachusetts) page. You can easily download and personalize this legal document for a seamless property purchase agreement. This
deed agreement refers to a form of seller financing, commonly known as a
land contract, where the buyer pays in installments. It may also be referred to as an installment sale contract or lease-to-own agreement.
This real estate contract can be tailored to suit your specific needs and helps facilitate smooth real estate transactions in Massachusetts. Remember, it’s not just any document; it’s a decisive element of your home-buying process, so do take the time to understand and fill it out correctly.
Please feel free to download and edit this
Massachusetts Contract For Deed according to your requirements.
AGREEMENT FOR DEED
THIS AGREEMENT FOR DEED (the “Agreement”) is entered into this
______ day of
________, 20
__, by and between
__________ (the “Seller”) and
__________ (the “Buyer”).
PROPERTY
The Seller agrees to sell and the Buyer agrees to buy the property described below:
The legal description of the property is:
__________ (the “Property”). The Property is located in the Commonwealth of Massachusetts.
PURCHASE PRICE
The total purchase price for the Property is
__________ dollars ($
___). The Buyer will pay the purchase price to the Seller on
__________ as follows:
__________
DEED AND EVIDENCE OF TITLE
Upon payment of the entire purchase price, the Seller will convey to the Buyer by a good and sufficient quitclaim deed, the title to the Property, free and clear of all liens and encumbrances, except for:
__________
POSSESSION AND RENT
The Seller will deliver possession of the Property to the Buyer on the Closing Date, free and clear of all occupancy rights of others, except as provided in this Agreement.
DEFAULT
If the Buyer fails to comply with this Agreement, then the Seller may, after giving or making the appropriate notice or demand to the Buyer, declare the Buyer in default.
GOVERNING LAW
This Agreement is governed by, and construed in accordance with, the laws of the Commonwealth of Massachusetts.
ENTIRE AGREEMENT
This Agreement contains the complete agreement between the Buyer and Seller and cannot be changed except by written agreement of the parties.
IN WITNESS WHEREOF, the parties have executed this Agreement for Deed as of the date first above written.
Buyer:
______________________
Name
Seller:
______________________
Name
This contract should be reviewed by a legal professional before it is signed. This template is not intended to provide legal advice or serve as a substitute for professional legal advice. Each situation is unique, and the parties should consult with a legal professional in their area if they have any questions.
