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Updated August 11, 2023

A Michigan land contract formalizes the terms governing a vacant land purchase and sale agreement between two parties. The parties must stipulate relevant legal descriptors of the land/lot as they appear on the deed as well as any financial conditions set forth through mutual negotiations. Upon reaching a mutual accord and executing the contract, the parties may attend closing in order to exchange applicable funds and transfer the property deed.

Supplemental Information

Vacant Land Seller’s Disclosure Statement (MCL § 565.953) – A seller of residential, improved property must provide the purchaser with a full account of the property’s current condition in accordance with the Seller Disclosure Act of 1993.
Where to Record? (MCL § 565.354) – All deeds must be recorded in the Registry of Deeds of the county in which the land resides.