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Illinois Statutes Chapter 735. Civil Procedure § 5/15-1214. Real Estate Installment Contract

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 15-1214. Real Estate Installment Contract. “Real estate installment contract” means any agreement or contract for a deed under which the purchase price is to be paid in installments with title to the real estate to be conveyed to the buyer upon payment of the purchase price or a specified portion thereof. For the purpose of this definition, an earnest money deposit shall not be considered an installment.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 735. Civil Procedure § 5/15-1214. Real Estate Installment Contract - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-735-civil-procedure/il-st-sect-735-5-15-1214/

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