The Installment Land Contract - a National Viewpoint

38 Pages Posted: 24 Jun 2016

See all articles by Grant Nelson

Grant Nelson

Pepperdine University - Rick J. Caruso School of Law

Dale Whitman

Independent

Date Written: 1977

Abstract

The installment land contract is rarely used in some states, but in many it is the predominant means of vendor financing of land sales. Much has been written about it, but nearly all of the literature focuses on the law of one particular state or another. Our purpose here is to provide a nationwide perspective, with particular attention to the states in which the contract has been widely used and extensively litigated. We propose to examine the reasons for the installment contract’s popularity, its advantages and disadvantages, and the risks it presents to both vendor and purchaser.

Keywords: installment land contract, installment contract, contract for deed, long-term land contract, vendor financing of land sales, forfeiture remedy, forfeiture clauses, title problems, vendor, vendee

Suggested Citation

Nelson, Grant S. and Whitman, Dale, The Installment Land Contract - a National Viewpoint (1977). Brigham Young University Law Review, Vol. 1977, p. 541, 1977, Available at SSRN: https://ssrn.com/abstract=2799965

Grant S. Nelson (Contact Author)

Pepperdine University - Rick J. Caruso School of Law ( email )

24255 Pacific Coast Highway
Malibu, CA 90263
United States

Dale Whitman

Independent

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