Welcome to this page dedicated to the
Contract For Deed Template (Oklahoma). This legal document is crucial for those involved in
real estate transactions within Oklahoma. It outlines the agreement between two parties, commonly referred to as an
installment sale contract, facilitating a straightforward and secure method of transferring property ownership.
Our
template, which is tailored specifically for use in Oklahoma, allows you to detail seller financing terms and conditions transparently. It’s an incredibly efficient tool for structuring your property sale or purchase agreement.
Download, edit, and use the contract as per your needs. The power of navigating your real estate journey smoothly lies in this deed!
CONTRACT FOR DEED
THIS CONTRACT FOR DEED (hereinafter “the Agreement”) made and entered into this
[Date] by and between
[Seller Full Legal Name] (hereinafter “Seller”) of
[Street Address, City, State, ZIP], and
[Buyer Full Legal Name] (hereinafter “Buyer”) of
[Street Address, City, State, ZIP].
1. PROPERTY DESCRIPTION
Seller agrees to sell and convey to Buyer the following described real estate situated in the County of
[County], State of Oklahoma:
[Full Legal Description of the Property]
2. PURCHASE PRICE AND TERMS OF PAYMENT
The purchase price is
[$] to be paid as follows:
[Payment Terms]
3. POSSESSION
The Seller shall deliver physical possession of the Property to the Buyer on the date of closing.
4. TAXES AND ASSESSMENTS
All real estate taxes and assessments for the current year and thereafter shall be the obligation of the Buyer.
5. DEFAULT
If Buyer fails to comply with this contract, Seller may terminate the contract upon providing 30 days notice to Buyer.
6. LEGAL BINDING
This Agreement shall bind and inure to the benefit of the parties to this Agreement and their respective heirs, executors, administrators, successors and assigns.
7. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of Oklahoma.
8. ENTIRE AGREEMENT
This Agreement 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 Agreement.
9. SIGNATURES
Seller and Buyer acknowledge that they have read and understand all of the provisions of this Agreement and agree to be bound by its terms and conditions.
Seller: [Seller Full Legal Name]
Signature: ___________________________ Date: _________
Buyer: [Buyer Full Legal Name]
Signature: ___________________________ Date: _________
