Updated June 18, 2022
An Indiana land contract sets forth necessary terms regarding the purchase and sale of vacant land between two parties. It contains everything from the agreed-upon purchase price to the land’s legal description as written on the deed. The buyer usually puts together the contract, which they present to the seller as an initial offering subject to negotiations. The seller can agree, reject, or counter the proposal. Once both parties come to mutual terms, the contract must be signed and executed in order to transfer the land legally.
Where to Record? (IN Code § 32-21-2-3) – Deeds must be recorded in the County Recording Office where the property is located. Fees will be assessed in accordance with the designated schedule.
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Indiana Assoc. of REALTORS Version (Improved Land)
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Related Forms
Residential Purchase Agreement
Download: Adobe PDF, MS Word, OpenDocument
Download: Adobe PDF, MS Word, OpenDocument