Who is referred to as the seller in the context of a land contract?

In the context of a land contract, the term "seller" typically refers to the vendor. A vendor is the individual or entity that sells property and is responsible for transferring ownership to the buyer, who is referred to as the vendee in this type of transaction. The land contract outlines the terms under which the buyer agrees to pay the seller for the property, often including specific payment schedules and conditions for transfer of title.

Considering the roles, the vendor is essentially the party retaining some interest in the property until the buyer fulfills their obligations under the contract. This is a critical aspect of land contracts, as they often involve installment payments rather than a lump-sum payment at the time of purchase.

In contrast, an optionee is a person who has the right to purchase or lease under a contractual option, and the vendee is the buyer under a land contract, which makes this term describe the opposite party. A lessee is a tenant who holds the lease on property, not a seller. Thus, the vendor is correctly identified as the seller within the specific context of a land contract.