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Transferring ownership of land for cash or trade is a common practice with a long history. In the modern era, the process involves paperwork but is manageable. The video covers what a land contract is, how it works, what is included, and where to get a legal template. A land contract, also known as a land purchase agreement, outlines the terms of a vacant land purchase and sale between two parties, including price, legal description, and financial contingencies.
