by Alex Everest. A contract for deed (aka land contract) is a method of selling a property in which the seller finances some portion of the purchase price. The buyer typically provides a down payment and makes installment payments directly to the seller for an agreed period of time. The length of a contract for deed varies but a 2-5 year period is most common, after which a âballoon paymentâ for the remainder of the balance is due.
While standard units with tanks that hold and heat large amounts of water last approximately 13 years, tankless or on-demand heaters -- either gas or electrically heated -- can last up to 20 years.
How long do tankless water heaters last? Tankless water heaters typically last 15 to 20 years, compared to 10 years or less for a tank-type water heater.If there are very hard water conditions, water treatment will be important in maintaining the life of the water heater.ow long do tankless water heaters last? Tankless water heaters typically last 15 to 20 years, compared to 10 years or less for a tank-type water heater.