- How much is the purchase price?
- Does the buyer have to pay any money upfront?
- How long does the land contract run?
- What are the terms of the payments?
- How often are payments made?
- Will interest be charged and, if so, how much?
- Will there be a balloon payment?
- Is prepayment allowed?
- How exactly must payments be made?
- What happens if the buyer fails to make payments on time?
- What happens to the improvements made by the buyer if the contract is terminated?
- Who pays the property taxes?
- Who pays for insurance?
- Who is responsible for damage to the property?
- What happens if someone is injured on the land or equipment is stolen?
- What happens if the land is condemned or the government takes the land?
- What happens if a party doesn’t pay the bills when they’re supposed to?
- Can the buyer sale or lease the land to someone else?
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