Land contract means a contract for the sale of real estate in which the seller of the real estate retains legal title to the real estate until the total contract price is paid by the buyer.
Land contract means that certain Second Amended and Restated Vacant Land Purchase and Sale Agreement dated March 23, 1995, between Mission Viejo Company, as Seller, and The Xxxx Company, as Purchaser, as assigned to and assumed by WPHC by that certain Assignment and Assumption Agreement - Purchase Agreement dated May 2, 1995, and that portion of which relating to the Land will be assigned to and assumed by the Company by that certain Assignment and Assumption Agreement - Phase I dated May 2, 1995.
Examples of Land contract in a sentence
Land contract purchasers shall be considered as record owners if they have registered with the assessor to receive property tax bills.
More Definitions of Land contract
Land contract means the contract of sale in respect of each Eligible Lot in The Edge at Westbrook which includes the customer as the purchaser and the developer that is Leakes Pty Ltd ACN 109 665 572 or one of its Related Entities as parties to that Contract;