What does a seller typically retain until a land contract is fully paid?

In a land contract, the seller typically retains the title of the property until the buyer fulfills their obligation to make all payments as per the agreement. This means that although the buyer is in possession of the property and has the right to use it, the seller maintains legal ownership until the buyer has fully paid the agreed purchase price.

This arrangement protects the seller's interests, as they retain legal title, allowing them to reclaim the property if the buyer defaults on the contract. The buyer, on the other hand, generally acquires equitable interest in the property and its use, but does not receive formal ownership—or title—until the contract is completed.

Other options may involve aspects related to the property or the seller's responsibilities, but they do not accurately reflect the fundamental nature of a land contract, which revolves around the retention of the title by the seller.