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Here's how it works
01. Start with a blank Land Contract
Open the blank document in the editor, set the document view, and add extra pages if applicable.
02. Add and configure fillable fields
Use the top toolbar to insert fields like text and signature boxes, radio buttons, checkboxes, and more. Assign users to fields.
03. Distribute your form
Share your Land Contract in seconds via email or a link. You can also download it, export it, or print it out.
A detailed guide on how to craft your Land Contract online
Step 1: Start with DocHub's free trial.
Visit the DocHub website and register for the free trial. This gives you access to every feature you’ll need to create your Land Contract without any upfront cost.
Step 2: Access your dashboard.
Log in to your DocHub account and navigate to the dashboard.
Step 3: Craft a new document.
Hit New Document in your dashboard, and choose Create Blank Document to design your Land Contract from the ground up.
Step 4: Utilize editing tools.
Insert different fields such as text boxes, radio buttons, icons, signatures, etc. Organize these fields to suit the layout of your document and designate them to recipients if needed.
Step 5: Modify the form layout.
Organize your document quickly by adding, moving, deleting, or merging pages with just a few clicks.
Step 6: Create the Land Contract template.
Convert your freshly crafted form into a template if you need to send many copies of the same document repeatedly.
Step 7: Save, export, or share the form.
Send the form via email, share a public link, or even publish it online if you want to collect responses from a broader audience.
Got questions?
We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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What happens if a seller fails to record the contract for deed?
Unless the contract for deed is recorded, third parties who rely on the state of the title recorded may remove the buyer from title rights and the only remedy of the buyer is to seek relief against the seller who may have left the jurisdiction or be insolvent.
What are the disadvantages of a land contract?
Land contract cons. Higher interest rates Since the seller is taking most of the risk, they may insist on a higher interest rate than a traditional mortgage. Ownership is unclear The seller retains the property title until the land contract is paid in full.
Who holds the title on a land contract in Michigan?
Under a typical Michigan land contract, purchasers also immediately obtain Page 2 2 Equitable title while Legal title remains with the seller.
Does a land contract have to be recorded in Michigan?
So whether a seller selling a property on a land contract actually triggers due-on-sale provisions is debatable, since the land contract purchaser does not obtain title until they pay off the contract. Therefore, memorandums of a land contract are recorded in the county to put the world on notice of a transaction.
Who pays property taxes on a land contract in Michigan?
In general, the buyer is in charge of making all repairs and paying property taxes in most land contracts. Most contracts also say the buyer must get homeowners insurance.
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Related Q&A to Land Contract
What to do when a land contract is paid in full in Michigan?
(1) When the vendee named in a land contract, or his or her heirs, successors, or assigns, has fully paid and performed the obligations under the contract that are a precondition to the sale and conveyance of the land, the vendor named in the contract shall make conveyance of the land to the vendee by a deed of
What is the difference between a land contract and a contract for deed?
A contract for deed, also known as a land contract, is an alternative method for financing the sale of a house or other real estate. The buyer and seller agree to an installment plan, where the buyer pays the seller directly over a period of time instead of in one lump sum when the transaction closes.
How to write out a land contract?
How to write a real estate purchase agreement. Identify the address of the property being purchased, including all required legal descriptions. Identify the names and addresses of both the buyer and the seller. Detail the price of the property and the terms of the purchase. Set the closing date and closing costs.
