Allotment. This Agreement shall bind heirs, assignments, contracting entities, legatees and assigns in the interest of the parties concerned. A land contract form is a document for a contract for the sale of land or real estate. It is a legally binding document between a buyer and a seller. The other terms of a land contract form are also a certificate contract, a deed of sale, a land debit contract, and other similar terms. This agreement helps the parties to understand their rights and obligations in the document, as well as their obligations and responsibilities during the duration of the effectiveness of the contract before the full transfer of rights. Insurance. The seller is not required to take out insurance for the property. It is up to the buyer whether or not to insure the property that is the subject of this agreement. The property. The buyer may occupy the property on the date agreed by the parties after the execution of this contract. IN THAT CASE, the Parties shall sign this Agreement. Repairs.
All improvements or repairs to be carried out by the seller must be carried out 30 days after the execution of this contract. A default by the seller allows the buyer to repair the premises, which means that the costs are borne by the seller. Inspection. The buyer confirms that prior to the signing of this agreement, the property has been fully inspected and that all concerns regarding the premises of the property have been addressed to the seller and that both parties have agreed in writing to resolve these concerns. Terms of payment. The full consideration for the sale of the property is $14,000 in U.S. currency. The parties agree that the terms of payment for the sale of said property will be in tranches. Obligation to transfer ownership.
It is the seller`s duty to deliver and transfer ownership of the property to the buyer after full payment of the purchase price. While the payment is incomplete, the seller has the right to retain ownership of the property until then. CONSIDERING that the property sold includes all improvements, costumes and accessories, subject to any restrictions of use in force by law and easements affecting the property. Angeline Atkins, hereinafter referred to as “Seller”, with an address at 3492 Kenwood Place, Fort Lauderdale, Florida 33006 and Geraldine Scott, hereinafter referred to as “Buyer”, with an address at 3562 Monroe Avenue, Tampa, Florida, 33602; The buyer`s obligation….