Sign In
Contract for Deed also known as a Land Contract
Included are Three forms:
(1) "Contract for Deed" evidenced by a Promissory Note and
(2) "Promissory Note" secured by a Contract for Deed.
(3) "Annual Accounting Statement"
This is considered a more secure method of owner financing than just a land contract because the promissory note is more elaborate and defining of late payments, defaults and penalties. Typically, a Contract for Deed is a recorded instrument, as where the promissory note is held onto by the Seller/Lender until the note is paid in full. These forms are governed by Kentucky law. A promissory note with strong default terms can be beneficial to the seller/lender.
The Contract for Deed form states that the consideration reflected is the fair market value for the property. The parties join this Contract for Deed for the sole purpose of certifying the consideration pursuant to Kentucky Revised Statutes Chapter 382. These forms offer the choice of typical installment payments or a balloon payment, which is common in land contracts, $XXX down, payments for 3-5 years with balance due of YYY.
For use in Kentucky Only.
Deeds.com Kentucky Contract for Deed and Promissory Note Forms Have Been Updated as Recently as Friday February 3, 2023
4.8 out of 5 (3883 Reviews)What others like you are saying:
Matilde A. said: Very easy to navigate... will be back to use!
Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!
Kerrin S. said: This was so efficient. Thank you for offering this service!
Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!
Paula M. said: So far it seems good. I am still trying to send information to this company so they can help me with the deed.
Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!
Dawn M. said: So helpful and quick! The response time and kindness was amazing! The steps were easy to follow as well. We will definitely be using Deeds.com in the future!
Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!
Roy C. said: Great Product no problems filing
Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!
Janet C. said: Easy to use website and extremely helpful. great service!
Reply from Staff: Thank you!
Use of Deeds.com Legal Forms. On our Site we make available for use self-help "fill in the blank" forms. If you use a form on our Site, you explicitly agree to our Terms of Use. You understand and agree that your purchase and/or use of a form document is neither legal advice nor the practice of law, and that each form and any applicable instructions or guidance is not customized to your particular needs, not guaranteed or warranted to be current, up to date, or accurate.
NO WARRANTY. Do It Yourself Legal Forms available on our Website are not guaranteed to be usable, correct, up to date, or fit for any legal purpose. Use of any Do It Yourself Legal Form from our website is done so AT YOUR OWN RISK.
If you use any Do It Yourself Legal Form available on Deeds.com, you agree that: TO THE EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL WE BE LIABLE FOR DAMAGES OF ANY KIND (INCLUDING, WITHOUT LIMITATION, LOST PROFITS OR ANY SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES) ARISING OUT OF OR IN CONNECTION WITH THE LEGAL FORMS OR FOR ANY INFORMATION OR SERVICES PROVIDED TO YOU THROUGH THE DEEDS.COM WEBSITE. TO THE EXTENT THE FOREGOING LIMITATION OF LIABILITY IS PROHIBITED, OUR SOLE OBLIGATION TO YOU FOR DAMAGES WILL BE LIMITED TO $100.00.
Nothing on this website should be considered a substitute for the advice of an attorney.
© DEEDS.COM INC. 1997 - 2023 ALL RIGHTS RESERVED | (330) 606-0119 | P.O. Box 5264, Fairlawn, OH 44334