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 __________________
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: __________________
The unpaid balance of the purchase price will bear interest from date hereof at the rate of __________________
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 __________________
Purchaser will keep the property insured against loss by fire and other hazards in the amount of __________________
In the event of default by Purchaser, Seller may declare the entire unpaid balance immediately due and payable.
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
State of Virginia, County of __________, ss:
This instrument was acknowledged before me on ________, 20______ by __________.
My Commission expires: ________