A contract for deed is a purchase contract for real estate. Next, provide the names and marital statuses of both the seller and buyer.A Minnesota Contract for Deed generally refers to an executory contract for the purchase and sale of Minnesota real estate. Deed Tax is due on the conveyance of legal ownership of real property with a deed following the satisfactory completion of the terms of a contract for deed. A Contract for Deed is a legal agreement between a buyer and seller for the purchase of real estate. To report a complaint involving a Contract for Deed, contact the Minnesota Department of.