Welcome to our
Contract For Deed Template (South Carolina) page. If you’re looking to secure a
real estate transaction or transfer
property ownership in South Carolina, this resource is perfect for you. Our template can help facilitate an arrangement known as a
seller financing, also referred to as a
land contract, or an
installment sale agreement. With this method, often referred to as
owner financing, the buyer makes payments directly to the seller instead of using a traditional mortgage lender. Use our ready-made template for your next property’s purchase agreement – simply download, edit and tailor it to your needs.
CONTRACT FOR DEED
THIS AGREEMENT made this
[Day] day of [Month], [Year], by and between
[Seller’s Full Legal Name, of [Seller’s Full Address] hereinafter referred to as “Seller”, and
[Buyer’s Full Legal Name, of [Buyer’s Full Address], hereinafter referred to as “Buyer”.
1. DESCRIPTION OF PROPERTY
Seller grants, sells and conveys to Buyer the following real property in the state of South Carolina,
[Complete Legal Description of the Property] together with all the improvements thereon, and the privileges and appurtenances thereto, subject to any restrictions and easements of record.
2. PURCHASE PRICE
The total purchase price for the Property is
[$], payable as follows:
[Payment Terms].
3. INTEREST
The unpaid balance of the Purchase Price shall bear interest from the date hereof at the rate of
[Rate of Interest]% per annum.
4. 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 date hereof.
5. POSSESSION
Buyer shall have the right to possession of the Property from and after the date of this Agreement.
6. DEFAULT
If Buyer defaults in the performance of this Agreement, Seller may, at Seller’s option, declare the entire unpaid balance immediately due and payable.
7. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties and supersedes all prior discussions, negotiations, and agreements, whether oral or written.
8. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the state of South Carolina.
IN WITNESS WHEREOF, Seller has executed this Agreement as of the date first above written.
__________________________ __________________________
[Seller’s Full Legal Name] [Buyer’s Full Legal Name]
__________________________ __________________________
[Date] [Date]
