Rhode Island Land Contract Template

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Updated April 18, 2024

A Rhode Island land contract serves as a purchase agreement between two parties transferring ownership of vacant land in the State of Rhode Island. The seller and buyer can record all terms pertaining to the transaction, including the agreed-upon purchase price as well as the land/lot’s legal identifiers. Both parties must negotiate the deal until reaching a mutual agreement. The buying party may perform surveys of the land before providing their signature on the contract, ensuring the land’s condition for future use. Upon finalizing an accord, the parties shall execute the document and schedule a closing date to transfer the property’s deed and exchange applicable funds.

Supplemental Information

Real Estate Sales Disclosure Form – Sellers of vacant land or improved real estate must provide potential buyers with a detailed description of the material condition affecting said property. A disclosure form must be completed and given to buyers prior to executing the purchase contract. The Real Estate Sales Disclosure Form serves for making such disclosures for improved real property.^[1]
Where to Record? – All deeds must be filed with the Recorder of Deeds located in the county where the property is located (See List of Municipal Websites).^[2]