Welcome to our Contract for Deed Template
(Missouri) page. This is your one-stop source for drafting a real estate land contract
, specifically intended for property sale transactions in the state of Missouri.
Our template encompasses the necessary elements such as seller financing
, the installment sale agreement
, and the details of the purchase agreement.
This legal document simplifies property transfer processes, making it efficient and secure. Feel free to download, edit, and utilize this contract for deed template according to your specific needs.
CONTRACT FOR DEED
THIS AGREEMENT is entered into this ______ day of _______, _______
(the “Effective Date”), by and between ______________
(the “Seller”), and ______________
1. PROPERTY DESCRIPTION
Seller agrees to sell and convey to Buyer and Buyer agrees to purchase from Seller the Property commonly known as ______________
, and legally described as follows: ______________
2. PURCHASE PRICE
The total purchase price for the Property is $_________
3. DOWN PAYMENT
Buyer shall provide a down payment of $_________
on the Effective Date.
4. FINANCING TERMS
Buyer promises to pay to the Seller the purchase price, less the down payment, with interest, over a period of ______ months/years
, in accordance with the payment schedule attached as Exhibit A.
5. TAXES AND ASSESSMENTS
All taxes and assessments levied against the Property which are due and payable shall be prorated between Seller and Buyer as of the closing date.
Buyer shall keep the Property insured against loss by fire and other hazards covered by a standard Missouri homeowner’s insurance policy.
If Buyer defaults under this Agreement, Seller may, at Seller’s option, declare the entire unpaid balance immediately due and payable.
8. DEED AND DELIVERY
Upon payment in full of the purchase price and all other sums due under this Agreement, Seller shall deliver to Buyer a good and sufficient General Warranty Deed conveying the Property free and clear of all encumbrances, except as provided in this Agreement.
9. MISSOURI LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of Missouri.
IN WITNESS WHEREOF, the Seller and the Buyer have executed this Contract for Deed as of the date first above written.
Seller’s Name (Print) Buyer’s Name (Print)
Seller’s Signature Buyer’s Signature