Contract for Deed
Despite its widespread use in Texas, a Contract for Deed, sometimes known as an executory contract, rent to own, or lease purchase arrangement, is not always an appropriate way to
transfer property. On a contract for deed, title to a property does not transfer to a buyer until it is fully paid for. It is often used in situations where a seller needs to get out
from under monthly obligations on an existing mortgage, but a buyer cannot qualify for their own financing. Such an arrangement brings with it numerous challenges for both buyer and
seller, as outlined in detail in the articles and videos linked in the TLD Library. Moreover, state law has now imposed some extremely severe regulations on contracts for deed
lasting over three years, making them a dubious choice indeed. However, if the parties desire a contract for deed arrangement for less than three years, the following questions should be
answered in order for us to prepare correct and enforceable documents.
Documents to be prepared for you: "Follow-Through" Instructions, Contract for Deed.
If you would like to proceed, please click here!
The following questions should be answered in order for us to prepare correct and enforceable documents: