The person who is the purchaser of a property using a "land contract" is known as the?

In real estate transactions involving a land contract, the purchaser is known as the vendee. A land contract is a type of seller financing where the buyer makes payments directly to the seller over time, and ownership of the property transfers only when the contract is fully paid off. The vendee, therefore, is the party that is acquiring the property under the terms of this agreement.

In this context, the vendor is the seller of the property, which distinguishes them from the vendee. Similarly, the terms grantee and grantor refer to the parties involved in a different type of transaction, typically a deed transfer. The grantee is the buyer who receives the property, while the grantor is the seller who conveys the property to the grantee. These terms do not apply to the specific arrangement and roles delineated in a land contract, making "vendee" the correct term for the purchaser in this scenario.