Welcome to your resource for a comprehensive Contract For Deed Template
tailored for North Carolina
This template is designed to simplify your real estate transactions, providing clear terms for the purchase agreement and ensuring a smooth transition of the property ownership.
With this template, you’ll have the framework for outlining seller financing agreements, structuring installment payments, and other critical details of your arrangement.
It’s not just a legal document; it’s a tool that can be downloaded and edited for your specific needs.
CONTRACT FOR DEED
This Contract for Deed (“Agreement”) is made this ______ day of _______, 20______
by and between:
(“Seller”) whose address is ______________________________
(“Buyer”) whose address is ______________________________
Seller agrees to sell and convey, and Buyer agrees to buy the property located at ______________________________
, together with all improvements thereon, and the privileges and appurtenances thereto belonging (the “Property”).
2. PURCHASE PRICE
The total purchase price for the Property is $________________
to be paid by Buyer to Seller as follows:
Interest on the unpaid balance of the purchase price shall accrue at the rate of _____ percent (_____%).
4. TAXES AND INSURANCE
Buyer will pay all taxes, assessments, and other charges which may be levied upon said Property. Buyer will keep the Property insured against loss by fire and other hazards.
If Buyer fails to pay any part of the purchase price, or fails to keep the Property insured, or fails to pay the property taxes, Seller may, at its option, declare this Contract to be in default.
6. DEED AND EVIDENCE OF TITLE
Upon payment of the full purchase price, Seller agrees to deliver to Buyer a deed conveying title to the Property.
Buyer will take possession of the Property on the date of this Contract.
8. GOVERNING LAW
This Contract will be governed by and construed in accordance with the laws of the State of North Carolina.
9. ENTIRE AGREEMENT
This Contract contains the entire agreement of the parties and there are no other promises or conditions in any other agreement whether oral or written. This Contract supersedes any prior written or oral agreements between the parties.
NOTICE: North Carolina law requires a legal description of the Property to be attached to this Contract.
This Contract must be executed and delivered in duplicate. The failure of either party to sign a duplicate copy shall not affect the validity of the Contract as between the parties.