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Land Contract Addendum Template

This land contract addendum outlines payment terms, with the buyer agreeing to pay a monthly amount of which part will go into escrow for property taxes, and the seller agreeing to pay property taxes on behalf of the buyer each month from escrow. It also specifies that part of the monthly payment will go toward principal and interest on the previously signed land contract installment note. The buyer and seller sign and date the addendum.

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Arlin J. Wallace
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© Attribution Non-Commercial (BY-NC)
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2K views1 page

Land Contract Addendum Template

This land contract addendum outlines payment terms, with the buyer agreeing to pay a monthly amount of which part will go into escrow for property taxes, and the seller agreeing to pay property taxes on behalf of the buyer each month from escrow. It also specifies that part of the monthly payment will go toward principal and interest on the previously signed land contract installment note. The buyer and seller sign and date the addendum.

Uploaded by

Arlin J. Wallace
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as ODT, PDF, TXT or read online on Scribd
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LAND CONTRACT ADDENDUM

Buyer(s) agree to pay $___________ per month, with $____________ of


such payment placed in escrow toward property taxes. The Seller
agrees to pay such Property Taxes on behalf of the Buyer(s) on a
monthly basis. Further, the Buyer acknowledges that $____________ will
be applied toward Principle and Interest on the Land Contract
Installment Note previously executed.

_______________________ ____________
Buyer Date

_______________________ _____________
Seller Date

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