Under an installment land contract, title to the property is held by the?

Under an installment land contract, the title to the property is retained by the seller, who is referred to as the vendor, until the buyer, or vendee, completes all payment obligations outlined in the contract. This type of agreement typically allows the buyer to take possession of the property and make use of it while paying for it over time, but the vendor maintains legal title until the contract is fulfilled.

This arrangement protects the vendor's interests because if the buyer defaults on the payments, the vendor has the right to reclaim the property without going through a formal foreclosure process. As a result, the vendor plays a critical role in the transaction, as they hold the legal ownership and the associated risks until full payment is received.