# Contract for Deed Agreement
**This Contract for Deed (the "Agreement") is made and entered into as of the [Date] by and between the following parties:**
**Seller:**
[Seller's Name]
[Seller's Address]
[City, State, ZIP]
[Phone Number]
[Email Address]
**Buyer:**
[Buyer's Name]
[Buyer's Address]
[City, State, ZIP]
[Phone Number]
[Email Address]
## 1. Property Description
The property subject to this Agreement is located at:
[Property Address]
[City, State, ZIP]
[Legal Description of Property]
## 2. Purchase Price
The total purchase price for the Property is [Total Purchase Price], to be paid in accordance with the terms outlined in this Agreement.
## 3. Down Payment
The Buyer agrees to make a down payment of [Down Payment Amount] upon execution of this Agreement.
## 4. Payment Terms
The Buyer shall pay the remaining balance of [Remaining Balance] in [Number] monthly installments of [Monthly Payment Amount] each, commencing on [Start Date] and continuing on the [day of month] of each month thereafter until the full purchase price is paid in full.
Interest shall be charged at the rate of [Annual Interest Rate]% per annum.
## 5. Taxes and Insurance
- The Buyer shall be responsible for all property taxes on the Property during the term of this Agreement.
- The Buyer shall maintain insurance on the Property in an amount not less than the purchase price and shall provide proof of insurance to the Seller upon request.
## 6. Title
Title to the Property shall remain with the Seller until the Buyer has made all required payments in accordance with this Agreement. Upon payment in full, the Seller shall convey the title to the Buyer via a Warranty Deed.
## 7. Maintenance and Repairs
The Buyer is responsible for all maintenance and repairs to the Property during the term of this Agreement.
## 8. Default
If the Buyer fails to make any payment within [Number] days of its due date, the Seller may consider the Buyer in default. Upon default, the Seller shall have the right to terminate this Agreement and retain all payments made by the Buyer as liquidated damages.
## 9. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
## 10. Entire Agreement
This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements, negotiations, and understandings, whether written or oral.
## 11. Amendments
No amendment or modification of this Agreement shall be valid unless in writing and signed by both parties.
## 12. Signatures
IN WITNESS WHEREOF, the parties have executed this Contract for Deed as of the date first above written.
**Seller's Signature:**
______________________________
[Seller's Name]
Date: ________________________
**Buyer's Signature:**
______________________________
[Buyer's Name]
Date: ________________________
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*This document is a template and may need to be modified to comply with local laws and regulations. It is advisable to seek legal counsel before entering into any agreements.*