A payment plan agreement outlines an installment plan to repay an outstanding balance over a specified time frame. Use our free payment plan agreement form to spell out all the terms and conditions of a loan if you need to establish a payment schedule with someone.To fill out this form, gather all necessary information about the property and parties involved. Ensure you have the purchase price and payment methods ready. , hereinafter called the "Contractor.". We've worked closely with legal experts and proofreaders to design a simple payment agreement template (PDF and Word) to help you in your financial dealings. This contract outlines the terms and conditions of the transaction, including the purchase price, payment terms, property condition, and closing details. Developed in the course of or under a federal agreement. Automated contract templates. Create real estate purchase agreements quickly using pre-defined and automated contract templates.