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Updated August 11, 2023

A New Jersey land contract is a binding legal document used in transferring ownership of vacant land between two parties. Whether negotiating residential or commercial land, the parties can utilize this contract to stipulate the agreed-upon sale price as well as any applicable financial contingencies. The legal description of the land/lot must also be included for administrative and recording purposes. Upon reaching an agreement, the buyer and seller shall sign the document and schedule a closing date to sign over the deed.

Where to Record? (NJ Rev Stat § 46:26A-2) – Deeds must be filed at the County Clerk’s Office in the jurisdiction where the property is situated.