Welcome to our page featuring a
Texas contract for deed template. This easy-to-use document is designed for those interested in a
real estate contract, more commonly known as a
land contract.
Our template covers all aspects of an owner financing deal, including
seller financing, and
seller carryback. It also incorporates all necessary details related to an
installment sale agreement.
Feel free to download this comprehensive Texas-based template, customized easily for your residential property transaction needs.
CONTRACT FOR DEED
This Contract for Deed (the “Agreement”) is made this
______ day of ________, 20______ (the “Effective Date”), by and between
____________________ (the “Seller”) and
____________________ (the “Purchaser”).
PROPERTY DESCRIPTION
The property being sold under this Agreement is located at
____________________ Texas, and legally described as
____________________ (the “Property”).
PURCHASE PRICE
The total purchase price for the Property is
______ ($______) which will be paid by the Purchaser to the Seller in the manner set forth below:
____________________
POSSESSION
The Seller agrees to deliver possession of the Property to the Purchaser on the date of execution of this Agreement.
WARRANTY
The Seller represents and warrants that the Property is free from all liens and encumbrances, except as otherwise provided in this Agreement.
DEFAULT
In the event of any default by the Purchaser under this Agreement, the Seller may, at its option, declare the entire balance of the purchase price immediately due and payable.
RISK OF LOSS
The risk of loss or damage to the Property will be borne by the Purchaser from the date of execution of this Agreement.
GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of Texas.
ENTIRE AGREEMENT
This Agreement contains the entire agreement between the parties and supersedes any prior written or oral agreements between them.
IN WITNESS WHEREOF
The parties have executed this Agreement as of the Effective Date.
____________________
Seller
____________________
Date
____________________
Purchaser
____________________
Date
NOTICE: THIS CONTRACT IS SUBJECT TO THE TEXAS PROPERTY CODE CHAPTER 5, SUBCHAPTER D. PURCHASER SHOULD CONSULT AN ATTORNEY BEFORE SIGNING THIS CONTRACT.
