Contract for Deed (England and Wales)

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This Contract for Deed allows a seller to retain property title until the buyer has made all payments under the contract. This contract is useful when a buyer cannot obtain regular financing and closing costs are usually lower. This Contract for Deed is for use in England and Wales.

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This Contract for Deed is also known as a Land Contract, Agreement for Deed, Contract Sale or Real Estate Instalment Agreement. This contract allows the seller to retain title to the property until the buyer has made all payments under this contract agreement. In effect, the seller finances the purchase and holds the title or deed to the property as security. The buyer who makes instalment payments is entitled to possession and equitable title to the property while the seller holds legal title and is liable for any payments under any mortgages. A Contract for Deed is useful in situations where a buyer cannot obtain other financing and usually closing costs are lower than those involving banks or mortgage companies. The seller can also choose between differing payment methods (i.e., with or without interest or balloon payment). It is important that a Contract for Deed be memorialized in writing and that both buyer and seller understand the terms and conditions of the contract.

This Contract for Deed for use in England and Wales contains the following provisions:
  • Parties: Sets forth the names of the seller and buyer involved in this transaction;
  • Property: Sets out the location and legal description of the property;
  • Included Property: Identifies what is included with the property (buildings and improvements, right-of-way, fixtures, appliances, etc.);
  • Excluded Property: Identifies items which are specifically excluded in this sale;
  • Price and Payment: Sets out the purchase price of the property and when and how payments will be made;
  • Security: Sets forth that the contract will act as security for the performance and payment obligations by the buyer;
  • AS-IS Condition of Property: Buyer will accept the property AS-IS without any type of warranty;
  • Deed and Evidence of Title: Seller will deliver a statutory or general warranty deed after buyer fulfils the obligations under this contract;
  • Risk of Loss and Insurance: The buyer agrees to keep the property insured against loss by negligence, fire or other type of casualty;
  • Prepayment: The buyer may prepay the entire balance without incurring any prepayment penalties;
  • Possession of Property: Buyer shall have possession of the property as long as all terms of the contract are complied with;
  • Mortgage by Seller: Seller may place a mortgage on the property which becomes a lien superior to the rights of the buyer;
  • Assignment or Sale by Buyer: Buyer will not assign or convey any interest in this property without prior written consent of the seller.

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This lawyer-prepared package includes:
  1. Instructions and Checklist
  2. General Information
  3. Contract for Deed for England and Wales
Law Compliance: This form complies with the laws of England and Wales
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages15
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#43402
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.

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Reviews: 16


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The form that we purchased was exactly what we needed. Excellent site. Thank you.


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The document contained most of the information I was looking for and provided a good ammendable base from which to develop a finished product. The download was simple and easy to use.


Niceville,

FL

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I actually purchased a legal form to help a friend. It was easy to use and very reasonably priced. She was able to get a long standing issue resolved quickly and Legally! We are both very happy with the product.


Gilmer,

TX

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Thanks. Everything I expected and more!


Pickerington,

OH

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The document was perfect for what I needed. The internet site was easy to navigate and the explanation of the document was easy to understand. Thank you for making this much easier to deal with!


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