Who is typically responsible for conveying legal title at the end of the contract for deed?

In a contract for deed, the vendor is typically responsible for conveying legal title at the end of the agreement. The vendor is the seller in this arrangement, and they hold the legal title while the vendee (the buyer) makes payments over time. Once the vendee has fulfilled all the terms of the contract, including all payments, the vendor is obliged to convey the legal title to the vendee. This process often involves executing a deed to formally transfer ownership.

The vendor's responsibility for conveying title is rooted in the structure of the contract for deed, which serves as an alternative financing method that allows buyers to obtain property without needing traditional mortgage financing. The vendor retains legal ownership until all terms are satisfied, ensuring protection for the seller while allowing the buyer to gain equitable interest in the property.

Other options do not align with the established roles within a contract for deed. The vendee primarily holds equitable interest during the payment period, while the option suggesting that both parties share the responsibility inaccurately represents the legal dynamics of this type of agreement. An appointed attorney might facilitate the transfer process, but the ultimate responsibility for conveying title lies with the vendor as stipulated in the contract.