The state bar of wisconsin has a standardized form of land contract known as form 11 which lays out a template for the agreement.
Wisconsin land contract form 11.
Parcel identification number pin purchaser agrees to purchase the property and to pay to vendor at county state of wisconsin.
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State bar of wisconsin form 11 2003 land contract to be used for non consumer act transactions document number document name this a purchase money mortgage.
Is is not provided the entire outstanding balance shall be paid in full on or before maturity date.
Any prepayment shall be applied to principal in the inverse order of maturity and shall not delay the due dates or.
State bar form 11 page 1 document number state bar of wisconsin form 11 2003 land contract contract by and between purchaser whether one or more.
Provisions found in a land contract.
State bar of wisconsin form 11 2003 land contract to be used for non consumer act transactions name and return address.
Payments shall be applied first to interest on the unpaid balance at the rate.
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The contract can be altered on many ways.
An offer for a land contract may also be achieved by completing a form 11 land contract except for signatures and using it as an addendum to the offer.
The wra land contract rider which is wra form number wra lcr spells out the terms the buyer wants in the land contract and may raise additional details the parties have not yet considered.
Careful review of the specific contract is always necessary.
Approved by the wisconsin real estate examining board 01 1 12 optional use date 04 1 12 mandatory use date.
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