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transferring ownership of land for cash or trade is a common practice that can be traced back for millennia nowadays the process involves much more paperwork but its still manageable for two private parties to document a land purchase and sale by way of a contract by conveying their terms and conditions in this video well overview the following what is a land contract how do land contracts work what is included in a land contract and where and how to obtain a legal template lets begin first lets review what is a land contract a land contract also known as a land purchase agreement outlines the terms of a vacant land purchase and sale between two consenting parties thus finding their deal in writing it can be utilized when transferring either residential land or commercial lots among its many conditions the contract typically includes the agreed-upon purchase price the legal description of land or lot any additional financial contingencies for instance bank financing necessary disc
