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DEFINITION of 'Land Contract'. An agreement between a buyer and seller of property in which the buyer makes payments toward full ownership (as with a mortgage), but in a land contract, the title or deed is held by the owner until the full payment is made. land contract can be thought of as a lease with an option to buy. Certain states have more generous legal rights for land contract holders than others. As a result, the world of land contracts can be difficult to navigate.
This contract is the service contract for the provision of information from land register and sales contracts, the document collection of the Land Register of the Republic of Austria on all recorded in the land contract transactions of land, apartments and houses of Austria in a structured form.