Contracts
What is a 'land contract' (contract for deed) in Kansas and who holds title during the contract period?
AA contract for purchasing undeveloped land only
BA seller-financed installment sale where the seller retains legal title until the buyer completes all payments; the buyer holds equitable title✓ Correct
CA contract where the buyer holds legal title from the start
DA lease with an option to purchase
Explanation
In a Kansas land contract (contract for deed), the seller retains legal title while the buyer makes installment payments. The buyer holds equitable title and occupies the property. Legal title transfers when the contract is paid in full.
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