contract for deed

Definition

A contract in which a property title is transferred only after the buyer makes a certain number of monthly payments. also called contract sale.

Use contract for deed in a sentence

The contract for deed was made so that the deed of trust could officially change hands of ownership next year.

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The contract for deed which Alison entered into, entitled her to nearly one hundred acres of land after all of her payments were made.

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The rent to own contract for deed was exactly what Jon Smith needed to buy his home because he could not afford to make the large deposit required to buy through a bank.

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