Get Florida Seller's Disclosure Of Financing Terms For Residential Property In Connection With Contract

Filling out the Florida Seller's Disclosure of Financing Terms for Residential Property in connection with a contract is an essential step in the property transaction process. This guide will provide you with clear, step-by-step instructions on how to complete this document online, ensuring that you understand each component and fulfill your obligations accurately.

Follow the steps to complete the form correctly.

1. Click the 'Get Form' button to access the form and open it in your preferred editor.
2. Input the property's address in the designated space at the top of the form to ensure the correct property is referenced.
3. Specify the purchase price of the property in the provided field; this must be a clear and accurate amount.
4. Fill in the interest rate charged under the contract; this is crucial for both parties to understand the costs involved.
5. Indicate the dollar amount of the interest charged for the term of the contract. If the interest rate may vary, provide an estimate.
6. Complete the total amount of principal and interest to be paid under the contract; this figure should reflect the entire financial commitment.
7. If applicable, state the late charge that may be assessed under the contract; clarity on this point protects the interests of both the seller and purchaser.
8. Confirm the absence of a prepayment penalty clause by indicating that the seller may not charge any fees if the purchaser opts to pay the entire amount due before the scheduled date.
9. Sign and date the form at the bottom to formalize the agreement. Both seller and purchaser must provide their printed names as well.
10. After completing the form, you can save your changes, download a copy for your records, print it for physical documents, or share it as needed.

Take the next step in your property transaction by filling out the necessary documents online.