Download North Dakota Contract for Deed Legal Forms

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North Dakota Contract for Deed Overview

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Common uses:
1. Buyer Cannot Obtain Traditional Financing
The buyer may not qualify for a mortgage due to:
Poor credit
Limited employment history
Lack of down payment
A Contract for Deed allows the buyer to make monthly payments directly to the seller, like a private loan.

2. Seller Wants to Keep Control Until Paid in Full
Seller retains legal title as security.
If the buyer defaults, the seller can cancel the contract through statutory forfeiture under N.D.C.C. Chapter 32‑18.

3. Family or Private Sales
Often used in:
Intra-family transactions (e.g., selling to children)
"Rent-to-own" type arrangements
Private seller-financed sales of rural or agricultural property

4. Agricultural or Rural Property Sales
Used to allow gradual ownership over larger tracts of land.
Reduces need for third-party financing and fees.

5. Investor or Rehab Property Sales
Sellers may use a contract for deed to sell fixer-uppers or homes needing repair to investors or owner-occupants who intend to renovate during the term of the contract.

For use in North Dakota only

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