Annotate Legal South Carolina Contract For Deed Forms For Free

The following should be in a contract for deed: Purchase price. Interest rate. Down payment. Number of monthly installments. Buyer and seller information. Party responsibilities. Legal remedies in the event of default.

A contract is an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.

Lesson Summary. A contract is a legal agreement between two or more parties in which they agree to each other's rights and responsibilities. Offer, acceptance, awareness, consideration, and capacity are the five elements of an enforceable contract.

To add a name to your property you must sign a new deed conveying interest to an individual. To take someone's name off property they must sign a new deed conveying their interest to someone else. We DO NOT PREPARE documents in the Register of Deeds Office. We only RECORD documents.

NOTE: The recording pre-requisites are fairly simple: in order to be recorded, an instrument must be signed by the grantor, mortgagor, vendor, lessor or maker in the presence of two witnesses and taken before a notary. (See Section 8.3 for exceptions/additional requirements.)

A sales contract is a special type of contract. In order for it to be valid, it must contain clauses about free consent and the competency of the signing parties. A sale and an agreement to sell are part of a sales contract. No formalities.