Porscheâs Mission E may be very explicitly a concept carâits exaggerated lines and ridiculous ride height attest to that. But its mission is abundantly clear: This all-electric performance sedan is out for Tesla blood.
A land contract is a written legal contract, or agreement, used to purchase real estate, such as vacant land, a house, an apartment building, a commercial building, or other real property. A land contract is a form of seller financing.
The Land Contract. In many states around the country, one of the most common loan instruments used in seller-financed real estate transactions is called a Land Contract (in some areas, it's also known as a âContract for Deed,â âArticles of Agreement for Deed,â âLand Installment Contractâ, âBond for Titleâ or âInstallment Sale Agreementâ).