Mercer County Contract for Deed and Promissory Note Forms (Kentucky)

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Form Package

Contract for Deed and Promissory Note

State

Kentucky

Area

Mercer County

Price

$27.97

Delivery

Immediate Download

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Included Forms

All Mercer County specific forms and documents listed below are included in your immediate download package:

Contract for Deed Form

Contract for Deed Form

Fill in the blank form formatted to comply with all recording and content requirements.
Included document last reviewed/updated 11/13/2023

Contract for Deed Guidelines

Contract for Deed Guidelines

Line by line guide explaining every blank on the form.
Included document last reviewed/updated 11/28/2023

Completed Example of the Contract for Deed

Completed Example of the Contract for Deed

Example of a properly completed form for reference.
Included document last reviewed/updated 3/1/2024

Promissory Note Form

Promissory Note Form

Note that is secured by the Contract for Deed. Can be used for traditional installments or balloon payment.
Included document last reviewed/updated 8/30/2023

Promissory Note Guidelines

Promissory Note Guidelines

Line by line guide explaining every blank on the form.
Included document last reviewed/updated 1/15/2024

Completed Example of the Promissory Note

Completed Example of the Promissory Note

Example of a properly completed form for reference.
Included document last reviewed/updated 2/15/2024

Annual Accounting Statement Form

Annual Accounting Statement Form

Fill in the blank Contract for Deed and Promissory Note form formatted to comply with all Kentucky recording and content requirements.
Included document last reviewed/updated 1/30/2024

Frequently Asked Questions:

How long does it take to get my forms?

Forms are available immediately after submitting payment.

What are supplemental forms?

Often when a deed is recorded additional documents are required by or Mercer County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.

How do I get my forms, are they emailed?

After you submit payment you will see a page listing the Mercer County forms you ordered with a download link to the pdf form file. You download the forms to your computer. You will also receive an email with a link to your download page in case you need it later.

What type of files are the forms?

All of our Mercer County Contract for Deed and Promissory Note forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.

Can the Contract for Deed and Promissory Note forms be re-used?

Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Mercer County that you need to transfer you would only need to order our forms once for all of your properties in Mercer County.

Are these forms guaranteed to be recordable in Mercer County?

Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Mercer County including margin requirements, content requirements, font and font size requirements.

Do I have to enter all of my property information online?

No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.

Can I save the completed form, email it to someone?

Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.

Do I need any special software to use these forms?

You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.

Are there any recurring fees involved?

No. Nothing to cancel, no memberships, no recurring fees.

Areas Covered by These Contract for Deed and Promissory Note Forms:

  • Mercer County

Including:

  • Burgin
  • Harrodsburg
  • Salvisa

What is the Kentucky Contract for Deed and Promissory Note

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.

(Kentucky Contract for Deed Package includes form, guidelines, and completed example) For use in Kentucky Only.

Our Promise

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

Save Time and Money

Get your Mercer County Contract for Deed and Promissory Note form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

Reviews

4.8 out of 5 (4287 Reviews)

Viviana Hansen M.

March 3rd, 2024

I was thrilled that I could execute the paperwork for a lady bird deed here in Florida ! \r\nThank you

Reply from Staff

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Allison M.

February 28th, 2024

Completely painless process! Great customer service! Thank you for everything!

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February 27th, 2024

Fast and easy service.

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DON O.

December 16th, 2020

needs to be more user friendly

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Thomas C.

July 31st, 2021

This platform made electronic filing of a lien easy and quick. I was able to accomplish everything from my laptop and phone, and the fees were reasonable. I would recommend deeds.com for efiling property related documents.

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Evelia G.

January 4th, 2019

I love this guide. Thank you for having this available.

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Thanks so much for your feedback Evelia, have a fantastic day!

Juston P.

August 24th, 2022

The service provided was exactly what I needed. The downloadable deed and supporting documents allowed me to move forward with the days project. Everything I needed to file my documents from two states away and at two in the morning! I highly recommend this site. I found it to be the easiest, most expedient and cost effective method to get up to date legal forms for filing land deeds.

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CHARLES V.

June 4th, 2019

Legit. Reasonable prices.

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Molly A.

April 12th, 2020

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Darren G.

December 10th, 2021

Your beneficiary deed sample contains a error of the LDPS designation. I copied the designation of LPDS instead of the correct designation

Reply from Staff

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Tiffany P.

May 7th, 2019

Very quick and gave me exactly what I needed! I would have had to go down to the courts and take off work to get this info otherwise.

Reply from Staff

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Angela S.

April 29th, 2021

Very easy process and efficient. Made my job easier.

Reply from Staff

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Chris D.

December 10th, 2020

Easy and affordable. I would recommend deeds.com

Reply from Staff

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April 16th, 2020

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Reply from Staff

Thank you so much for your kinds words Darryl, glad we were able to help.

Leesa N.

December 29th, 2022

Easy, Fast, Inexpensive and Responsive!

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