Download New Hampshire Real Estate Purchase and Sales Agreement Legal Forms

This New Hampshire Purchase and Sale Agreement with Installment Payments, (often referred to as a Land Contract or Contract for Deed) is used when:
The buyer does not pay the full purchase price at closing.
Instead, the buyer makes monthly or periodic payments over time (often directly to the seller).
Seller retains legal title until the buyer pays in full, at which point the deed is delivered.
This serves the same purpose as a land contract:
Facilitates seller-financing.
Delays the formal transfer of title until payment is complete.
Allows possession to be transferred before full payment.

Common Uses of this Purchase and Sale Agreement
Seller Financing (when buyer cannot get a traditional mortgage)
Purchase of land or mobile homes on private land
Family transfers or private sales
Investment properties or rent-to-own situations
Buyers building equity over time before getting deed/title
Can be implemented for traditional installment payments (ex. 20 year term) or short term with a balloon payment

Key Clauses in an Installment-Based NH Purchase and Sale Agreement
Clause------------------------------------------------Purpose
Purchase Price & Down Payment-------States full price and initial cash deposit.
Installment Terms-----Monthly payment amount, due date, interest rate, late payment fees, etc.
Possession Date-----------When buyer may occupy the property.
Title Transfer Clause----Explains when deed will be delivered (usually upon full payment).
Default & Forfeiture----Seller's remedies if buyer misses payments. Includes Stringent Default Clauses: Buyer shall be deemed a tenant at will and shall immediately surrender possession of the Premises when appropriate.
Included disclosures - seller entering into a land contract in NH must provide and obtain written acknowledgment of disclosure for:
Statute Subject
RSA 477:4‑c Private water & sewage details
RSA 477:4‑d Insulation + water/sewer for 1–4 families
RSA 477:4‑a Notices of radon, arsenic, lead‑paint
For use in New Hampshire on vacant land, residential property, rental property, condominiums and small commercial property.