Cowley County Contract for Deed Form

Additional Kansas and Cowley County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Cowley County

Properties in any of these areas use Cowley County forms:

• Arkansas City
• Atlanta
• Burden
• Cambridge
• Dexter
• Maple City
• Rock
• Udall
• Winfield

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A "Contract for Deed," sometimes referred to as a Land Contract is a legal agreement in which the buyer of a property agrees to pay the seller the purchase price over a period of time. During this period, the buyer has possession of the property, but the seller retains legal title to the property until the full purchase price is paid.

Recording the Contract: In Kansas, it's usually a good idea to record the contract for deed or an Affidavit of Equitable Interest with the county register of deeds. This ensures public notice of the buyer's interest in the property and protects against subsequent claims.

Foreclosure Process: If the buyer defaults on a contract for deed, the seller may need to go through a judicial foreclosure process to regain possession of the property. Kansas law will specify the procedure, notice requirements, and redemption rights.

Equitable Title: Under a contract for deed, the buyer often holds equitable title to the property, meaning they have a right to obtain full legal title once the contract terms are fulfilled. However, until then, the legal title remains with the seller.

Rights and Obligations: The contract should clearly outline the rights and responsibilities of both the buyer and the seller, including payment schedules, property maintenance, tax obligations, and insurance.

Default and Acceleration Clauses: Contracts for deed commonly contain clauses that detail what constitutes a default and what happens in such a scenario, including the possibility of an acceleration clause which demands full payment upon default.

Annual Accounting Statement
Principal and Interest Breakdown: The statement should clearly show how much of the buyer's payments have been applied toward the principal balance of the property and how much has gone toward interest.

Remaining Balance: It should indicate the remaining balance of the principal after the year's payments have been applied.

Payment History: The statement might include a summary of the payments made during the year, including dates and amounts.

Taxes and Insurance: If the seller is responsible for paying property taxes and insurance from the buyer's payments (common in escrow arrangements), the statement should detail these payments.

Late Fees or Penalties: If any late fees or penalties were incurred during the year, these should also be documented.

Escrow Account Balance: If there is an escrow account associated with the contract, the statement should include the current balance of this account.

Legal Compliance: Ensure that the Annual Accounting Statement complies with any relevant Kansas laws and the specific terms of your Contract for Deed.

79-1437c. Real estate sales validation questionnaires;
required to accompany transfers of title; retention time; use of information. No deed or instrument providing for the transfer of title to real estate or affidavit of equitable interest in real estate shall be recorded in the office of the register of deeds unless such deed, instrument or affidavit shall be accompanied by a real estate sales validation questionnaire completed by the grantor or grantee or the agent of such grantor or grantee concerning the property transferred.

(Kansas Contract for Deed Package includes form, guidelines, completed example and sales validation questionnaire) For use in Kansas only.

Important: Your property must be located in Cowley County to use these forms. Documents should be recorded at the office below.

This Contract for Deed meets all recording requirements specific to Cowley County.

Our Promise

The documents you receive here will meet, or exceed, the Cowley County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

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