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Updated April 18, 2024

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 – 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.^[1]
Where to Record? – All deeds must be recorded in the Registry of Deeds of the county in which the land resides.^[2]