Logourl black

Contract for deed

Definition

A contract for the purchase of real property, also known as a land contract, which typically involves a series of installment payments to the vendor through which the vendee acquires equitable title to the property while the vendor retains legal title until the terms of the contract are fulfilled.

Related Rules [?]


The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.