A "CONTRACT FOR THE SALE AND PURCHASE OF REAL PROPERTY" in some states referred to a Land Contract or Contract for Deed is a written legal agreement used to purchase real estate; it is typically used in owner/seller financing.
This form can be used for traditional monthly installments or a balloon payment, which is common with seller financing, (example: three years payments with a balloon payment of $ ______. Or 15 years payment of $______) etc.)

LATE CHARGE: Any above noted payment which is at least days past due, shall be subject to a late charge of $ And an additional $ per day until the payment is received. If any balloon payment is late, it shall be subject to a late fee of $ per day.
IN ADDITION TO ANY OTHER REMEDIES available to the Lender if this Note is not paid in full at the Maturity Date, Borrowers shall pay to Lender an Overdue Loan Fee, which fee shall be due at the time this Note is otherwise paid in full. The "Overdue Loan Fee" shall be determined based upon the outstanding principal balance of this Note as of the Maturity Date and shall be:
(a) one percent (1.0%) Of such principal balance if the Note is paid in full on or after thirty (30) days after the Maturity Date but less than sixty (60) days after the Maturity Date, or
(b) two percent (2.0%) of such principal balance if the Note is paid in full on or after sixty (60) days after the Maturity Date.
A contract with stringent default terms can be beneficial to seller.

(Mississippi Contract for Sale Package includes form, guidelines, and completed example) For use in Mississippi only.

How to Use This Form

Select your county from the list above
Download the county-specific form
Fill in the required information
Have the document notarized if required
Record with your county recorder's office

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Common Uses for Contract for the Sale and Purchase Of Real Property

Document the terms of a private real estate sale between buyer and seller
Establish the terms of a seller-financed real estate sale
Provide public notice that a buyer holds an equitable interest in real property
Structure a property sale with a down payment and monthly terms
Sell property with seller financing instead of a traditional mortgage
Cancel a recorded memorandum of contract for deed after closing
Sell a family property with flexible payment arrangements

Compare other Mississippi deed forms and documents

Quitclaim Deed Quitclaim Deed Reserving Life Estate Gift Deed Warranty Deed Warranty Deed Reserving Life Estate Special Warranty Deed Grant Deed Correction Deed Easement Deed Termination of Easement Trustee Deed for Inter Vivos Trust Revocable Transfer on Death Deed Revocation of Transfer on Death Deed Executor Deed Administrator Deed Mineral Deed Mineral Deed with Quitclaim Covenants General Durable Power of Attorney Specific Power of Attorney for the Purchase of Property Specific Power of Attorney for the Sale of Property Deed of Trust and Promissory Note Assignment of Deed of Trust Release of Deed of Trust Substitution of Trustee Trustee Deed for Sale of Foreclosed Property Assignment of Leases and Rents Authority to Cancel Assignment of Leases and Rents Memorandum of Contract Full Release of Memorandum of Contract Disclaimer of Interest Certificate of Trust Lis Pendens Release of Lis Pendens

Important: County-Specific Forms

Our contract for the sale and purchase of real property forms are specifically formatted for each county in Mississippi.

After selecting your county, you'll receive forms that meet all local recording requirements, ensuring your documents will be accepted without delays or rejection fees.

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