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What Is A Land Contract?
A land contract is an agreement also known as a contract for deed or land installment contract. This contract is used in the purchase of real estate. In a land contract, the owner will retain the legal title to the property, so they are the legal owner. However, they will give the buyer permission to use the property for most purposes.
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© 2015 King Street Labs LLC.
© 2015 King Street Labs LLC.