Welcome to our page featuring a
Contract For Deed Template (Tennessee). This comprehensive
legal document serves as a
land contract, aiding in the facilitation of seller financing, and solidifying a real estate contract. Whether you’re engaged in a simple purchase agreement or involved in a complex real estate transaction, this Tennessee-specific template is designed to help. Easy to download and edit, our
contract for deed template is an essential tool for any agreement involving property in the state of Tennessee.
CONTRACT FOR DEED
This Contract for Deed (the “Agreement”) is made and entered into this
____ day of
____, 20
____ (the “Effective Date”) by and between
____ (the “Seller”) and
____ (the “Buyer”) both of whom are competent to contract.
RECITALS
WHEREAS, Seller is the owner of certain real property located in the state of Tennessee, more particularly described as follows:
____ (the “Property”);
AND WHEREAS, Buyer desires to purchase the Property from Seller and Seller desires to sell the Property to the Buyer on the terms and conditions set forth herein;
TERMS AND CONDITIONS
The parties, intending to be legally bound, agree as follows:
1.
Purchase Price: The total purchase price for the Property shall be
____ and 00/100 dollars ($
____), payable as follows:
____
2.
Payment Terms: The terms of payment shall be as follows:
____
3.
Property Description: The Property is described as follows:
____
4.
Title and Deed: Upon payment in full of the Purchase Price, Seller will convey good and marketable title to the Property to Buyer by a deed of conveyance, subject to property taxes, covenants, conditions, restrictions, reservations, rights, rights of way, and easements of record, and subject to any state of facts an accurate survey or personal inspection of the premises would reveal.
5.
Default: If Buyer defaults under the terms of this Agreement, Seller may, at Seller’s option, declare the entire remaining balance under this Agreement immediately due and payable.
6.
Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee.
7.
Entire Agreement: This Agreement constitutes the entire agreement between the parties, and supersedes all prior oral or written agreements, understandings or arrangements relating to the subject matter of this Agreement.
SIGNATURES
IN WITNESS WHEREOF, the parties have executed this Contract for Deed as of the Effective Date first above written.
SELLER:
Signature: ____________________________ Date:
____
Name:
____
BUYER:
Signature: ____________________________ Date:
____
Name:
____
