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Transferring land ownership for cash or trade is a common practice that dates back millennia. Nowadays, the process involves more paperwork but is manageable for two private parties to document a land purchase and sale through a contract. This video covers what a land contract is, how they work, what is included, and where to get a legal template. A land contract, also known as a land purchase agreement, outlines terms of vacant land sale between two parties, ensuring the deal is in writing. It can be used for residential or commercial land, including purchase price, legal description, and financial contingencies.
