For Sale By Owner Land Contract Template for United States

A For Sale By Owner Land Contract is a legal agreement used in the United States where the property seller provides direct financing to the buyer, maintaining legal title until all payments are completed. The contract details payment terms, interest rates, and property responsibilities while complying with state-specific real estate laws and federal regulations including TILA and RESPA. This seller-financing arrangement allows for property purchase without traditional mortgage lender involvement.

Typically:
i
This cost is based on prices provided by
6 legal services in your market.
With Genie AI:

£0

i
Generate and export your first
document completely free.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free
Upload to review

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a For Sale By Owner Land Contract?

The For Sale By Owner Land Contract serves as an alternative financing mechanism in U.S. real estate transactions where traditional mortgage financing may be unavailable or undesirable. This contract type enables property owners to sell directly to buyers through installment payments, typically including a down payment followed by regular installments with interest. The seller retains legal title until the purchase price is fully paid, while the buyer gains equitable title and property possession. Commonly used in situations involving credit-challenged buyers or when sellers prefer to generate steady income through property financing.

What sections should be included in a For Sale By Owner Land Contract?

1. Parties: Identification of seller and buyer with full legal names and addresses

2. Background: Context of the sale and brief property description

3. Definitions: Key terms used throughout the contract

4. Property Description: Detailed legal description of the property being sold

5. Purchase Price and Payment Terms: Total price, down payment, and installment details

6. Interest Rate: Specified interest rate and calculation method

7. Default Provisions: Consequences of payment default

8. Title and Possession: Terms regarding property title transfer and possession rights

9. Representations and Warranties: Statements of fact and promises made by both parties

10. Governing Law: Specification of applicable state law and jurisdiction

What sections are optional to include in a For Sale By Owner Land Contract?

1. Insurance Requirements: Property insurance obligations and minimum coverage requirements

2. Property Maintenance: Maintenance obligations and responsibilities during contract term

3. Early Payment Provisions: Terms and conditions for early payoff or prepayment

4. Assignment Rights: Terms regarding the right to assign the contract to third parties

5. Property Use Restrictions: Limitations on property use during contract term

What schedules should be included in a For Sale By Owner Land Contract?

1. Schedule A - Property Description: Detailed legal description and property boundaries

2. Schedule B - Payment Schedule: Amortization table showing payment breakdown

3. Schedule C - Property Inspection Report: Current condition of property and inspection findings

4. Appendix A - Required State Disclosures: State-mandated property disclosures and forms

5. Appendix B - Property Survey: Survey map and property boundaries documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

United States

Publisher

Genie AI

Cost

Free to use

Find the exact document you need

Shared Property Ownership Agreement

A U.S.-governed agreement establishing terms and conditions for shared property ownership between multiple parties.

Download

Simple Real Estate Rental Agreement

A basic legal agreement for residential property rental in the United States, defining terms between landlord and tenant.

Download

Unimproved Property Listing Agreement

A U.S. legal agreement between a property owner and real estate broker for the marketing and sale of undeveloped land.

Download

Exclusive Listing Contract

A U.S. legal agreement granting a real estate broker exclusive rights to sell or lease a property for a specified period.

Download

Rental Listing Agreement

A U.S.-compliant legal agreement between property owners and real estate agents for listing rental properties.

Download

Simple House Contract

A basic residential property purchase agreement compliant with U.S. real estate laws.

Download

Joint Ownership Agreement Residential Property

A U.S. legal agreement establishing rights and responsibilities between multiple parties who jointly own residential property.

Download

Rental Property Contract

A legally binding US agreement between landlord and tenant establishing terms for property rental, conforming to federal and state housing laws.

Download

Exclusive Seller Listing Agreement

A U.S. real estate contract granting exclusive rights to a broker to market and sell a property for a specified period.

Download

Standard Listing Agreement

A U.S.-compliant contract between property owner and real estate broker authorizing the marketing and sale of property.

Download

Limited Listing Agreement

A U.S. real estate contract establishing a non-exclusive relationship between property owner and broker for the listing and sale of property.

Download

Commercial Land Contract

A U.S. legal agreement governing the sale and purchase of commercial real estate, outlining terms, conditions, and responsibilities of involved parties.

Download

Real Estate Middleman Contract

A U.S.-governed agreement establishing terms for real estate professionals acting as intermediaries in property transactions.

Download

Rent To Own Property Agreement

A U.S. legal agreement combining property rental terms with a future purchase option, governed by federal and state real estate laws.

Download

Simple Property Lease Agreement

A U.S. legal document establishing terms for temporary property rental between landlord and tenant.

Download

Standard Lease Agreement For House Rental

A legally binding U.S. residential rental agreement that establishes terms and conditions between landlord and tenant, compliant with federal and state housing laws.

Download

Option To Purchase Property Agreement

A U.S. legal agreement granting the exclusive right to purchase specific property at a set price within an agreed timeframe.

Download

Non Exclusive Listing Agreement

A U.S. real estate contract allowing multiple brokers to list and sell a property while defining commission terms and service obligations.

Download

Lease Option Agreement Property

A U.S.-governed agreement combining property lease terms with a future purchase option, establishing rights and obligations for both landlord and tenant.

Download

Land Deed Of Agreement

A U.S. legal document that transfers property ownership from one party to another, containing essential details of the transfer and complying with federal and state property laws.

Download

Business Listing Agreement

A U.S.-governed agreement between a business owner and broker for the listing and sale of a business.

Download

Real Estate Easement Agreement

A U.S. legal agreement establishing rights to use another's property for specific purposes, subject to state property laws.

Download

Sellers Agreement

A U.S.-governed contract establishing terms and conditions for the sale of goods or services between a seller and buyer.

Download

Buyer Exclusive Agreement

A U.S. real estate contract establishing exclusive representation rights between a buyer and their chosen real estate agent/broker.

Download

Land Co Ownership Agreement

A U.S. legal agreement establishing rights and responsibilities between multiple owners of a single property.

Download

Simple Commercial Lease

A standardized U.S. agreement for basic commercial property leasing arrangements between landlord and tenant.

Download

Real Estate Partnership Buyout Agreement

A U.S. legal agreement governing the purchase of a departing partner's interest in a real estate partnership by remaining partners.

Download

Property Sale Contract Between Seller And Buyer

A U.S.-governed legal agreement documenting the terms and conditions of a property sale between buyer and seller.

Download

Private Home Sale Contract

A legally binding U.S. agreement for the transfer of residential property between private parties.

Download

Commercial Office Space Lease Agreement

A legally binding agreement under U.S. law that governs the rental of commercial office space between a landlord and tenant.

Download

No Home Sale Contract

A U.S. real estate contract removing the contingency of the buyer needing to sell their existing home before purchasing a new property.

Download

Real Estate Reservation Agreement

A U.S. legal document securing a potential buyer's right to purchase a specific property within a defined timeframe.

Download

Property Tenancy Agreement

A U.S.-governed legal agreement between landlord and tenant establishing terms for property rental and occupancy.

Download

Joint Sale Agreement Property

A U.S. legal agreement between multiple property owners to jointly sell their property interests, outlining terms, conditions, and profit distribution.

Download

Simple Land Contract Purchase Agreement

A legally binding agreement used in the U.S. for the purchase and sale of real property, outlining essential terms and conditions of the land transaction.

Download

Rent To Own Property Contract

A U.S. legal agreement combining property rental and future purchase options, with rent payments potentially contributing to the purchase price.

Download

Real Estate Purchase Agreement With Seller Financing

A U.S. legal agreement combining property sale terms with seller-provided financing arrangements, subject to federal and state real estate laws.

Download

Personal Property Agreement

A U.S.-governed legal document establishing ownership rights and transfer conditions for personal property, subject to state laws and the UCC.

Download

Lease Listing Agreement

A U.S. legal agreement between property owners and real estate agents for marketing and listing rental properties.

Download

Earnest Money Contract

A U.S. real estate contract that establishes terms for property purchase and earnest money deposit handling, governed by state and federal laws.

Download
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it