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Agreement or Contract for Deed for Sale and Purchase of Real Estate a/k/a Land or Executory Contract - Maine

a Land or Executory Contract - Maine 2025

Agreement or Contract for Deed for Sale and Purchase of Real Estate a/k/a Land or Executory Contract - Maine Preview on Page 1

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The document is a 'Contract for Deed' agreement between a Seller and Purchaser for the sale of property in Maine. It outlines the terms of sale, including the purchase price, payment schedule, responsibilities for taxes and insurance, maintenance obligations, default remedies, and conditions for possession. The Purchaser agrees to accept the property in its current condition without warranties from the Seller. The contract emphasizes that time is of the essence and includes provisions for legal recourse in case of default.

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the names of the Seller and Purchaser at the top of the document. Ensure that all parties are clearly identified.
In the 'SALE OF PROPERTY' section, specify the property details, including county and legal description. Attach any necessary documents as Exhibit A.
Next, complete the 'PURCHASE PRICE AND TERMS' section. Enter the total purchase price and select your preferred payment plan from options (a), (b), or (c).
Proceed to fill out sections regarding maintenance, taxes, insurance, and default terms. Be sure to read each clause carefully to understand your obligations.
Finally, ensure all parties sign and date the document where indicated. If needed, utilize our platform’s signature feature for convenience.

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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.

Whats the difference between a land contract and a contract for deed?

Even if the contract goes by a different name, like bond for deed, land installment contract, or buying on contract, the idea is the same: a purchase made on an installment plan rather than through a traditional mortgage loan.

Can I write my own purchase and sale agreement?

Some states, like California, have created real estate purchase agreements you can download and change. You can also get a template from docHub, as well as benefiting from real estate contract management software functionality.