Centre County Installment Land Contract Form (Pennsylvania)

All Centre County specific forms and documents listed below are included in your immediate download package:

Installment Land Contract Form

Centre County Installment Land Contract Form

Fill in the blank Installment Land Contract form formatted to comply with all Pennsylvania recording and content requirements.
Included Centre County compliant document last validated/updated 8/9/2024

Installment Land Contract Guide

Centre County Installment Land Contract Guide

Line by line guide explaining every blank on the Installment Land Contract form.
Included Centre County compliant document last validated/updated 8/12/2024

Completed Example of the Installment Land Contract Document

Centre County Completed Example of the Installment Land Contract Document

Example of a properly completed Pennsylvania Installment Land Contract document for reference.
Included Centre County compliant document last validated/updated 9/10/2024

Residential Sellers Property Disclosure Statement

Centre County Residential Sellers Property Disclosure Statement

Required for residential property sales
Included Centre County compliant document last validated/updated 9/25/2024

Lead Based Paint Disclosure

Centre County Lead Based Paint Disclosure

Disclosure form issued to buyer if applicable, typically residential property built before 1978
Included Centre County compliant document last validated/updated 10/18/2024

Protect your family from lead based paint

Centre County Protect your family from lead based paint

If applicable issue to buyers.
Included Centre County compliant document last validated/updated 9/11/2024

When using these Installment Land Contract forms, the subject real estate must be physically located in Centre County. The executed documents should then be recorded in the following office:

Recorder of Deeds - County Office Building

414 Holmes St, Bellefonte, Pennsylvania 16823-1488

Hours: 8:30 to 5:00 M-F

Phone: (814) 355-6801

Local jurisdictions located in Centre County include:

  • Aaronsburg
  • Bellefonte
  • Blanchard
  • Boalsburg
  • Centre Hall
  • Clarence
  • Coburn
  • Fleming
  • Howard
  • Julian
  • Lemont
  • Madisonburg
  • Milesburg
  • Millheim
  • Mingoville
  • Moshannon
  • Orviston
  • Pennsylvania Furnace
  • Philipsburg
  • Pine Grove Mills
  • Port Matilda
  • Rebersburg
  • Sandy Ridge
  • Snow Shoe
  • Spring Mills
  • State College
  • University Park
  • Woodward

How long does it take to get my forms?

Forms are available immediately after submitting payment.

How do I get my forms, are they emailed?

Immediately after you submit payment, the Centre County forms you order will be available for download directly from your account. You can then download the forms to your computer. If you do not already have an account, one will be created for you as part of the order process, and your login details will be provided to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance. Forms are NOT emailed to you.

What does "validated/updated" mean?

This indicates the most recent date when at least one of the following occurred:

  • Updated: The document was updated or changed to remain compliant.
  • Validated: The document was examined by an attorney or staff, or it was successfully recorded in Centre County using our eRecording service.
Are these forms guaranteed to be recordable in Centre County?

Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Centre County including margin requirements, content requirements, font and font size requirements.

Can the Installment Land Contract forms be re-used?

Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Centre County that you need to transfer you would only need to order our forms once for all of your properties in Centre County.

What are supplemental forms?

Often when a deed is recorded, additional documents are required by Pennsylvania or Centre County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.

What type of files are the forms?

All of our Centre County Installment Land Contract forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.

Do I need any special software to use these forms?

You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.

Do I have to enter all of my property information online?

No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.

Can I save the completed form, email it to someone?

Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.

Are there any recurring fees involved?

No. Nothing to cancel, no memberships, no recurring fees.

Section 903 - Definitions; application of act
((a) As used in this act: (1) "Installment land contract" includes every executory contract for the purchase and sale of a dwelling situate in any city of the first class or county of the second class whereby the purchaser is obligated to make six or more installment payments to the seller after the execution of the contract and before the time appointed for the conveyance of title to the dwelling.)

This type of contract is used in several common applications:

1. Facilitating Home Purchases for Buyers with Poor Credit: Buyers who may not qualify for traditional mortgage financing due to poor credit history can use an installment land contract to purchase property. This allows them to improve their credit over time while making regular payments.

2. Providing Flexibility in Payment Terms: The terms of an installment land contract can be tailored to meet the needs of both the buyer and the seller. This includes the length of the contract, the amount of the down payment, and the schedule of payments.

3. Real Estate Investment: Investors can use installment land contracts to acquire properties with minimal upfront capital. They can then improve or lease the properties while making installment payments.

4. Transferring Property within Families: Families often use installment land contracts to transfer property between relatives. This method can be more flexible and less costly than traditional financing methods.

5. Selling Hard-to-Finance Properties: Sellers with properties that may not qualify for conventional financing due to condition or other factors can sell their properties using installment land contracts.

6. Retirement or Estate Planning: Older property owners can use installment land contracts to sell their property and receive a steady income stream during retirement, while still maintaining some control over the property until the contract is fulfilled.

7. Commercial Real Estate Transactions: Installment land contracts can be used for commercial properties, allowing businesses to acquire property with flexible financing arrangements.

8. Land Purchases: These contracts are commonly used for purchasing undeveloped land where traditional financing options may be limited.

9. Avoiding Foreclosure: Sellers facing foreclosure might opt for an installment land contract to quickly sell their property and avoid the negative impacts of foreclosure on their credit.

10. Tax Advantages: Sellers may benefit from certain tax advantages by spreading the capital gains over several years instead of realizing them all at once.

This Contract can be used for residential property, rental property, condominiums, vacant land and planned unit developments. It offers traditional installment payments with or without a balloon payment. A contract with stringent default terms can be beneficial in case of a default.

Our Promise

The documents you receive here will meet, or exceed, the Centre County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Save Time and Money

Get your Centre County Installment Land Contract form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

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January 7th, 2019

Glad to have all of the helpful extra information, even though they don't answer all questions for all situations. So, I accessed public records and asked questions at the auditor's office. Also, on my Mac computer, filling out the actual deed form is a challenge because the screen jumps to the last page everytime I try to type a few letters or hit the return key, so I'm rollling back up to the first 2 pages after most keystrokes. A bit annoying.

Overall, happy to have these form options are available! There is really no need to wait and pay for an attorney when all the information needed is available via public records. Fill in the blanks!

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