Michigan Land Contract Template

Disclaimer

The information provided here is intended solely as a general example for informational purposes related to real estate agreements in the relevant jurisdiction. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney experienced in property law and land contracts within the state. Laws and regulations may vary depending on the location, and adjustments may be necessary to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

This sample document is a general illustration and may vary depending on specific circumstances and Michigan state laws. Adjust details accordingly.

Michigan Land Contract Template (Sample)

Parties Involved:

Seller: Robert Johnson
Address: 789 Oak Street, Detroit, MI 48201

Buyer: Emily Davis
Address: 456 Maple Avenue, Detroit, MI 48202

Description of the Property:

The property located at 789 Oak Street, Detroit, MI 48201, including all improvements, fixtures, and appurtenances thereto, as detailed in the attached legal description.

Purchase Price and Payment Terms:

The total purchase price shall be $50,000. The Buyer agrees to pay the Seller a down payment of $5,000 upon signing this agreement, with the remaining balance payable in monthly installments of $450 over a period of 100 months, beginning on __________________ and ending on __________________.

Down Payment:

The Buyer shall deliver a down payment of $5,000 to the Seller at the execution of this contract, which will be credited towards the purchase price.

Obligations of the Parties:

The Seller warrants clear title to the property and agrees to execute any necessary documents for transfer upon full payment. The Buyer agrees to make payments as specified, maintain the property, and adhere to all applicable laws.

Governing Law:

This contract shall be governed by the laws of the State of Michigan. Any disputes shall be resolved in the courts of Wayne County, Michigan.

Additional Provisions:

• The Buyer shall have the right to occupy the property upon execution of this contract.
• The Seller shall deliver possession of the deed upon full payment.
• Any modifications to this agreement must be in writing and signed by both parties.

Detroit, ______________________