Extension
Date of this Version
1997
Abstract
The installment land contract is both an instrument of transfer and a method of financing sales of land. If properly drawn, it can have a number of advantages for both the buyer and seller. Both parties should contact their attorneys to be sure that the terms of the contract are clearly stated and understood.
This research publication discusses how long-term installment land contracts are used in the agricultural community.
Comments
© 1997, MidWest Plan Service, Iowa State Unviersity, Ames, Iowa 50011-3080. This publication is a product of the North Central Regional (NCR) Cooperative Extension Services of: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin, and the U.S. Department of Agriculture cooperating.