Under the _____, the purchaser takes possession and agrees to pay the seller over a period of years. Until the final payment, title belongs to the seller.

Question

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A land contract, also known as a contract for deed, is an agreement in which the purchaser takes possession of the property and agrees to make payments to the seller over a period of time. However, until the final payment is made, the title to the property remains with the seller.

Under the _____, the Purchaser Takes Possession and Agrees to Pay