A contract for deed (also called an installment sales contract or land contract) gives sellers an opportunity to sell a real estate property to a buyer who does not qualify for a conventional mortgage loan. This template is for the State of Nevada.
- The contract for deed is an owner financed transaction in which the seller also becomes the mortgage lender.
- Even though the buyer takes possession of the property, title remains with the seller until all of the purchase price, plus interest (if any), has been paid in full.
- The seller has the right to repossess the property if the buyer fails to keep up the payments.
- The template includes several different repayment methods. Just choose the one you want and delete the others.
When selling to a family member or close friend, a Contract for Deed is often a good solution. To get the Nevada form, add it to your cart and proceed through the secure checkout. Once you've paid you can download the form.
Last Updated: 14-April-2016