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Updated December 18, 2023

A Utah land contract records the terms in a vacant land transaction for residential or commercial lots. The contract stipulates financial provisions applicable to the real estate transfer and any diligence periods before closing. From the agreed-upon purchase price to any installment plans, the parties must negotiate until reaching a mutual accord, at which point they shall sign and execute the contract. At closing, the seller must sign over the deed to the new owner and receive any monetary funds due at signing.

Supplemental Information

Seller’s Property Condition Disclosure (Land) – Sellers may opt to disclose any known material defects of the property that would otherwise be undiscoverable through reasonable inspections carried out by ordinary, prudent buyers.
Where to Record? (UT Code § 57-3-101) – All deeds are to be filed and recorded with the County Recorder’s Office where the real estate is located, along with a Water Rights Addenda if the deed was signed after July 1, 2011.