Declaration of Intent to Forfeit and Terminate Contract for Deed

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Form used by seller to notify a buyer that they are in default and the buyer's previous payment are forfeited...

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This form is to be used by a Seller under a Contract for Deed to notify the Buyer that they are in default of a term of the contract and that the Seller is declaring that the Buyer’s payments under the contract thus far are forfeited and that the Contract will be terminated by the Seller for non-compliance by the Buyer. Under the terms of the above Contract for Deed, the Seller must provide this Declaration to the Buyer by Certified U.S. Mail. The Buyer then has 30 days to become current with their payments under the contract. If the Buyer does not make the past-due payments within 30 days of receipt of this Declaration, the Buyer’s prior payments will be forfeited to the Seller, the Contract for Deed will be terminated, and the Buyer will be required to vacate the property immediately.
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.












Declaration of Intent to Forfeit
and Terminate Contract for Deed









This Packet Includes:
1. Information
2. Declaration of Intent to Forfeit and Terminate
    Contract for Deed





Information
Declaration of Intent to Forfeit
and Terminate Contract for Deed

This form is to be used by a Seller under a Contract for Deed to notify the Buyer that they are in default of a term of the contract and that the Seller is declaring that the Buyers payments under the contract thus far are forfeited and that the Contract will be terminated by the Seller for non-compliance by the Buyer.  Under the terms of the above Contract for Deed, the Seller must provide this Declaration to the Buyer by Certified U.S. Mail.  The Buyer then has 30 days to become current with their payments under the contract.  If the Buyer does not make the past-due payments within 30 days of receipt of this Declaration, the Buyers prior payments will be forfeited to the Seller, the Contract for Deed will be terminated, and the Buyer will be required to vacate the property immediately.  To complete this document, you will need the following information:

1)   Date of original Contract for Deed
2)   Name of Seller
3)    

Address of Seller
4)   Name of Buyer
5)   Address of Buyer
6)   Address of Property
7)   A legal description of the property involved
8)   Date of Declaration
9)   Reason buyer is in default on Contract for Deed (if buyer has missed a payment or payments, you will need to specify the due date of the payment(s) and the exact amount of any past due amounts)
10)   Date of mailing of this Declaration
11)   Date of this Declaration
12)   Signature of seller
13)   Printed name of seller




DISCLAIMER:

FindLegalForms, Inc. (“FLF”) is not a law firm and does not provide legal advice.  The use of these materials is not a substitute for legal advice. Only an attorney can provide legal advice.  An attorney should be consulted for all serious legal matters.  No Attorney-Client relationship is created by use of these materials.  

THESE MATERIALS ARE PROVIDED “AS-IS.  FLF DOES NOT GIVE ANY EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, SUITABILITY OR COMPLETENESS FOR ANY OF THE MATERIALS FOR YOUR PARTICULAR NEEDS.  THE MATERIALS ARE USED AT YOUR OWN RISK.  IN NO EVENT WILL:  I) FLF, ITS AGENTS, PARTNERS, OR AFFILIATES; OR II) THE PROVIDERS, AUTHORS OR PUBLISHERS OF ITS MATERIALS, BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATE OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER USED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THESE MATERIALS.


Declaration of Intent to Forfeit and Terminate Contract for Deed

Under the terms of the Contract for Deed, dated __________________ , 20______ which exists between ________________________________________________, seller
address:


and ___________________________________________________, buyer,
address:


The seller now owns the following described real estate, located at

________________________________________________________________________

City of ____________________ , State of _________________: and legally described as follows:


The seller declares that as of the date of _____________________________, 20_______,
Buyer is in default of this Contract for Deed for the following reasons:


Due to this default, Seller declares the existing Contract for Deed between Seller and Buyer to be forfeit and terminated 30 days after the receipt of this Declaration by the Buyer.  Seller shall send a copy of this Declaration to Buyer at the above address, via Certified U.S. Mail, on the date of ______________________ , 20_________.

During the 30-day period after the receipt of this Declaration, Buyer shall have the right to cure the default noted above.  If the default is not satisfied within the 30-day period, then on the 31st day after receipt of this Declaration, Buyer shall forfeit all monies paid to the Seller under the Contract for Deed and shall immediately vacate the property.  Seller shall, on that date, have the right to reenter and take full possession of the property, without being liable for any action or any costs incurred by the Buyer.

Dated: _________________________________

_______________________________________
Signature of Seller


_______________________________________
Printed Name of Seller
Number of Pages2
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#29120
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.












Declaration of Intent to Forfeit
and Terminate Contract for Deed









This Packet Includes:
1. Information
2. Declaration of Intent to Forfeit and Terminate
    Contract for Deed





Information
Declaration of Intent to Forfeit
and Terminate Contract for Deed

This form is to be used by a Seller under a Contract for Deed to notify the Buyer that they are in default of a term of the contract and that the Seller is declaring that the Buyers payments under the contract thus far are forfeited and that the Contract will be terminated by the Seller for non-compliance by the Buyer.  Under the terms of the above Contract for Deed, the Seller must provide this Declaration to the Buyer by Certified U.S. Mail.  The Buyer then has 30 days to become current with their payments under the contract.  If the Buyer does not make the past-due payments within 30 days of receipt of this Declaration, the Buyers prior payments will be forfeited to the Seller, the Contract for Deed will be terminated, and the Buyer will be required to vacate the property immediately.  To complete this document, you will need the following information:

1)   Date of original Contract for Deed
2)   Name of Seller
3)    

Address of Seller
4)   Name of Buyer
5)   Address of Buyer
6)   Address of Property
7)   A legal description of the property involved
8)   Date of Declaration
9)   Reason buyer is in default on Contract for Deed (if buyer has missed a payment or payments, you will need to specify the due date of the payment(s) and the exact amount of any past due amounts)
10)   Date of mailing of this Declaration
11)   Date of this Declaration
12)   Signature of seller
13)   Printed name of seller




DISCLAIMER:

FindLegalForms, Inc. (“FLF”) is not a law firm and does not provide legal advice.  The use of these materials is not a substitute for legal advice. Only an attorney can provide legal advice.  An attorney should be consulted for all serious legal matters.  No Attorney-Client relationship is created by use of these materials.  

THESE MATERIALS ARE PROVIDED “AS-IS.  FLF DOES NOT GIVE ANY EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, SUITABILITY OR COMPLETENESS FOR ANY OF THE MATERIALS FOR YOUR PARTICULAR NEEDS.  THE MATERIALS ARE USED AT YOUR OWN RISK.  IN NO EVENT WILL:  I) FLF, ITS AGENTS, PARTNERS, OR AFFILIATES; OR II) THE PROVIDERS, AUTHORS OR PUBLISHERS OF ITS MATERIALS, BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATE OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER USED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THESE MATERIALS.


Declaration of Intent to Forfeit and Terminate Contract for Deed

Under the terms of the Contract for Deed, dated __________________ , 20______ which exists between ________________________________________________, seller
address:


and ___________________________________________________, buyer,
address:


The seller now owns the following described real estate, located at

________________________________________________________________________

City of ____________________ , State of _________________: and legally described as follows:


The seller declares that as of the date of _____________________________, 20_______,
Buyer is in default of this Contract for Deed for the following reasons:


Due to this default, Seller declares the existing Contract for Deed between Seller and Buyer to be forfeit and terminated 30 days after the receipt of this Declaration by the Buyer.  Seller shall send a copy of this Declaration to Buyer at the above address, via Certified U.S. Mail, on the date of ______________________ , 20_________.

During the 30-day period after the receipt of this Declaration, Buyer shall have the right to cure the default noted above.  If the default is not satisfied within the 30-day period, then on the 31st day after receipt of this Declaration, Buyer shall forfeit all monies paid to the Seller under the Contract for Deed and shall immediately vacate the property.  Seller shall, on that date, have the right to reenter and take full possession of the property, without being liable for any action or any costs incurred by the Buyer.

Dated: _________________________________

_______________________________________
Signature of Seller


_______________________________________
Printed Name of Seller

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