land contract
Americannoun
-
a contract for the purchase and sale of land.
-
a contract in which a purchaser of real estate, upon making an initial payment, agrees to pay the seller stipulated amounts at specified intervals until the total purchase price is paid, the seller retaining legal title to the land as security for the payments.
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Experts say land contract holders have fallen through the cracks even as the federal government has provided help to other strapped homeowners.
From Seattle Times • Sep. 22, 2021
The Cutsforths purchased the Chalet in 2004 on a 10-year land contract.
From Washington Times • Nov. 12, 2018
And their hopes are pinned to a court appearance scheduled for Thursday, when they will defend the land contract that they say officials are trying to nullify.
From New York Times • Mar. 13, 2014
Hours after the crackdown, Guangdong's Political and Law Committee reiterated on its Weibo microblog account that Shangpu's land contract had been scrapped, and the village chief detained along with more than 10 others.
From Reuters • Mar. 14, 2013
In 1960, feeling himself prepared at last to practice, Novak traded a land contract worth $15,000 for the practice of a retiring doctor.
From Time Magazine Archive
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
