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

Welcome to our page featuring a customizable Contract For Deed Template specifically designed for North Dakota.
This legal document, also known as a land contract or purchase agreement, is an essential part of real estate transactions involving seller financing.
You can use this template to outline the terms of your property transfer, ensuring that both parties are on the same page.
Fully editable and easy to use, this template serves as a reliable starting point for your own real estate agreement.

CONTRACT FOR DEED

This Contract for Deed (the “Contract”) is made and entered into this ______ day of ________, ________ (the “Effective Date”), by and between _________________(the “Seller”) and _________________ (the “Purchaser”).

1. PROPERTY DESCRIPTION

The Seller agrees to sell and the Purchaser agrees to buy the property located at _________________, North Dakota (the “Property”). The legal description of the Property is _________________.

2. PURCHASE PRICE

The total purchase price for the Property is _________________ to be paid by the Purchaser to the Seller as follows: initial payment of _________________ due upon execution of this Contract, and the balance to be paid in _________________ consecutive monthly installments of _________________ each, starting on _________________.

3. INTEREST

The balance of the purchase price shall bear interest at an annual rate of _________________ percent, computed on the basis of the actual number of days each year for which the balance of the purchase price remains unpaid.

4. TITLE AND DEED

Upon fulfillment of the terms of this Contract by the Purchaser, the Seller shall deliver a warranty deed to the Purchaser, conveying the Property free and clear of all encumbrances, except for any easements and zoning laws.

5. TAXES AND ASSESSMENTS

The Purchaser shall pay all general (ad valorem) property taxes and special assessments due and payable on the Property after the date of this Contract.

6. INSURANCE

The Purchaser shall keep the Property insured against loss by fire and other hazards included within the term “extended coverage,” with the Seller named as the insured party.

7. BINDING EFFECT

This Contract shall be binding upon and inure to the benefit of the parties to this Contract and their respective heirs, executors, administrators, successors and assigns.

8. GOVERNING LAW

This Contract will be governed by and construed in accordance with the laws of the State of North Dakota. IN WITNESS WHEREOF, the Seller and the Purchaser have executed this Contract as of the Effective Date. __________________________ __________________________ Seller’s Signature Buyer’s Signature __________________________ __________________________ Seller’s Printed Name Buyer’s Printed Name __________________________ __________________________ Date Date

ACKNOWLEDGMENT OF NOTARY PUBLIC

STATE OF NORTH DAKOTA, COUNTY OF _________________. On this ______ day of ________, ________ 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 My Commission Expires: _________________

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