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Maine Contract for Deed
If you are selling a real estate property in Maine, you can assist the buyer by carrying part or all of the purchase price with this Contract for Deed (or land installment contract).
- Under the terms of this Contract, the seller effectively becomes the mortgage lender for the balance of the purchase money.
- Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
- The seller has the right to take back the property if the buyer defaults in payment.
- At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.
- This Contract for Deed form is available in MS Word format and is fully editable to fit your exact circumstances.
- Intended to be used only in the State of Maine.
$17.99
Maine Condominium Addendum
If you are buying or selling a condo in the State of Maine, attach this Condominium Addendum to the Real Estate Purchase Agreement.
- The seller must provide the purchaser with the condominium documents within a specified number of days.
- If the purchaser is not satisfied with the documents, he/she may terminate the sale transaction.
- The seller must disclose any condominium association fees or other amounts that are owing with respect to the condo.
$2.29
Maine Kick-Out Clause Addendum to Real Estate Purchase Agreement
If you are selling property in Maine, contingent on the buyer's sale of another property, add this Kick-Out Clause Addendum to the Real Estate Purchase Agreement.
- The Kick-Out Clause Addendum gives the seller the right to continue to try to sell the property and to consider offers from other potential buyers.
- If a bona fide offer is received, the seller gives notice to the buyer, who then has the option of removing the contingency and proceeding with the sale.
- If the contingency is not removed the seller may terminate the agreement and return the buyer's earnest money deposit.
- This is a downloadable Microsoft Word document which is easy to fill in with your information.
- Intended for use only in the State of Maine.
$6.29
Maine Real Estate Purchase and Sale Agreement
Sell a residential property in the State of Maine with this Real Estate Purchase and Sale Agreement.
- Marketable Title. The seller agrees to deliver good and marketable title to the property in accordance with the Standards of Title adopted by the Maine Bar Association.
- Title Defects. If the seller is unable to correct any title defects within the time allocated (or any extension agreed to), the purchaser may elect to accept title as is and pay the purchase price without deduction.
- Septic Systems. The seller must disclose if the property contains a shoreland zone septic system. If so, the seller agrees to provide certification regarding malfunctions within the past 180 days.
- Smoke Detectors. The seller must also deliver a certificate from the fire department that the property is equipped with approved smoke detectors.
- The Agreement includes a Lead-Based Paint Disclosure, as required by federal law.
$29.99