Owner Finance Agreement Template

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Owner Finance Agreement Template

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Owner Finance Agreement Template (1)
Between:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
Introduction:
This document formalizes the agreement for owner financing for the sale of the property located at [Property Address], entered into on [Contract Start Date].
Clause 1: Property Description
The Seller agrees to sell and the Buyer agrees to buy the property described as follows: [Provide detailed description of the property].
Clause 2: Purchase Price
The total purchase price of the property is [Amount], to be paid as follows: [Specify payment structure].
Clause 3: Payment Terms
The Buyer will make payments in accordance with the following schedule: [Detail payment schedule].
Clause 4: Balloon Payment
A balloon payment of [Amount] is due on [Date].
Clause 5: Default
If the Buyer fails to make payments as agreed, the Seller may take the following actions: [Specify default remedies].
Clause 6: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]
Owner Finance Agreement Template (2)
Between:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
Introduction:
This agreement outlines the terms of owner financing for the purchase of the property at [Property Address], effective as of [Contract Start Date].
Clause 1: Description of the Premises
The Seller agrees to convey the property which is legally described as: [Provide legal description of the property].
Clause 2: Total Purchase Price
The purchase price is set at [Amount], with an initial deposit of [Deposit Amount] to be paid by the Buyer.
Clause 3: Interest Rate and Loan Duration
The agreed interest rate on the financing will be [Interest Rate]% for a duration of [Duration] years.
Clause 4: Late Payment Penalties
In the event of late payment, the Buyer agrees to pay a penalty of [Specify terms].
Clause 5: Seller’s Rights
The Seller maintains the right to foreclose on the property under specific terms outlined in this agreement if the Buyer defaults.
Clause 6: Binding Effect
This agreement shall be binding upon the parties and their respective heirs, executors, administrators, and assigns.
Signed in [City], [Date].
Sincerely,
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]

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Please complete the form below to create the Owner Finance Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Owner Finance Agreement Template

1. Property Information


2. Seller Information


3. Buyer Information


4. Agreement Details



5. Payment Schedule

6. Closing Costs

7. Default Terms

8. Property Maintenance Responsibilities

9. Other Terms and Conditions

10. Signatures and Acceptance

11. Declaration and Signatures



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Owner Finance Agreement Template

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Owner Finance Agreement Template