District of Columbia Contract for Deed
A Contract for Deed is sometimes also know as a Land Contract, Agreement for Deed, Contract Sale or Real Estate Installment Agreement. This type of Document allows the Seller to retain the title to the property and agree to transfer the title to the Buyer once all the payments under the Agreement are made and all other obligations are met. In essence, the Seller finances the purchase and holds the title or deed as security. When the Buyer completes the required payments, the Seller must deliver valid legal title by way of a deed. During the period of the contract, the Buyer makes installment payments on the purchase price and is entitled to possession and equitable title to the property. The Seller holds legal title and continues to be liable for payment of any underlying mortgage.
This package contains:
(1) Instructions and Checklist for Contract for Deed
(2) Information about Contract for Deed; (3) Contract for Deed
(4) Disclosure Of Information On Lead-Based Paint and/or Lead-Based Paint Hazards.
State Law Compliance:
This form can be used in all states except for California which has it's own form package available on this site.
Among others, this form includes the following provisions:
Price and Payment
AS-IS condition of Property
Deed and Evidence of Title
Risk of Loss and Insurance
Default by Seller
Default by Buyer
Maintenance of Property
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||District of Columbia Contract for Deed
||District of Columbia
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