Respuesta :

An installment land contract exists when a seller defers receipt of some or all of the purchase price of the property over a specified period of time.

What is an Installment land contract?

  • A real estate seller and buyer will enter into an installment contract, also known as a land contract, articles of agreement for a warranty deed, or contract for deed.
  • An agreement to purchase land in installments without transferring ownership before all payments have been made is known as an installment land sales contract.
  • The Seller consents to letting the Buyer pay the purchase price in installments over a period of time.
  • Installment land contracts exist when a seller spreads out the payment of the property's purchase price over a certain period of time.

Therefore, an Installment land contract exists when a seller defers receipt of some or all of the purchase price of the property over a specified period of time.

Know more about an Installment land contract here:

https://brainly.com/question/14914248

#SPJ4