Land contract forms are agreements that have to do with land sale. This is a contract between the buyer of the property and the seller. This agreement states the sale and the purchase of the property. This may also include the full payment of the buyer which makes him have the entire ownership of that property. These land contract forms are similar to that of the mortgage. The first part of the form is the deed. The deed would be kept by the seller until all the necessary payments have been done to complete the transaction. The payment can be made in installments or just one-time depending on the seller. The repayment time length will also have to be decided by the seller and written in the contract form. There are also forms that are similar to the lease agreements. Usually, these forms also come with an option to purchase the property at a later time.