Welcome to our page offering a comprehensive
Contract For Deed Template (Virginia). This
legal document serves as an essential tool for creating a watertight
real estate agreement in Virginia. Whether you’re looking to secure a land contract or an installment sale contract, this template is designed with both buyer and seller in mind, facilitating smooth and legally sound
seller financing. Instead of starting from scratch, use this template as your foundation. Our deed contract template is downloadable and fully editable to meet your specific needs. Make the process of crafting a mutual
buyer and seller agreement less complicated with our Virginia-specific Contract For Deed Template.
CONTRACT FOR DEED
THIS AGREEMENT is made and entered into on this ________ day of ________, 20______, by and between
__________________ (hereinafter “Seller”) and
__________________ (hereinafter “Purchaser”).
1. PROPERTY:
Seller sells and agrees to convey to Purchaser the following described real property situated in the county of
__________________, Virginia, and more particularly described as follows:
__________________.
2. PURCHASE PRICE:
Purchaser will pay to Seller the purchase price of
__________________ dollars ($______) on the following terms:
__________________.
3. INTEREST:
The unpaid balance of the purchase price will bear interest from date hereof at the rate of
__________________ percent (____%).
4. POSSESSION:
Purchaser will receive possession of the property on
__________________.
5. MAINTENANCE AND REPAIR:
Purchaser will maintain and repair the property from and after the date of possession.
6. TAXES AND ASSESSMENTS:
Purchaser will pay all taxes and assessments beginning with the year
__________________.
7. INSURANCE:
Purchaser will keep the property insured against loss by fire and other hazards in the amount of
__________________ dollars ($______).
8. DEFAULT:
In the event of default by Purchaser, Seller may declare the entire unpaid balance immediately due and payable.
9. CONVEYANCE:
Upon payment of the entire purchase price and interest, Seller agrees to convey the property by good and sufficient deed to Purchaser.
10. VIRGINIA LAW:
This Agreement will be governed by and construed in accordance with the laws of the Commonwealth of Virginia.
IN WITNESS WHEREOF, Seller and Purchaser have executed this Agreement on the date first above written.
______________________ ______________________
Seller’s Signature Purchaser’s Signature
______________________ ______________________
Seller’s Printed Name Purchaser’s Printed Name
______________________ ______________________
Date Date
State of Virginia, County of __________, ss:
This instrument was acknowledged before me on ________, 20______ by __________.
______________________
Notary Public
My Commission expires: ________
