Get Colorado Contract For Deed Seller's Annual Accounting Statement

Filling out the Colorado Contract For Deed Seller's Annual Accounting Statement is an essential step for sellers to provide clear financial reporting to buyers. This guide offers a step-by-step approach to help you complete the form efficiently and accurately online.

Follow the steps to complete the annual accounting statement accurately.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the name of the buyer in the designated section labeled 'TO:'. Ensure the name is spelled correctly for accurate record-keeping.
3. Next, specify the accounting period. Fill in the date range during which the payments were made, in the section labeled 'ACCOUNTING PERIOD:'.
4. Proceed to report the total amount paid under the contract. Enter this figure in the field provided labeled '(1) The amount paid under the contract is'.
5. Then, indicate the remaining amount owed by the buyer. Fill in the information in section '(2) The remaining amount owed under the contract is'.
6. Next, record the number of payments that are still outstanding. Write this number in '(3) The number of payments remaining under the contract is'.
7. If you collected amounts for taxes on behalf of the purchaser, complete section '(4) The amounts paid to taxing authorities on the purchaser's behalf if collected by the seller were'.
8. Similarly, if you collected insurance payments for the property, fill out section '(5) The amounts paid to insure the property on the purchaser's behalf if collected by the seller were'.
9. If there were any insurance proceeds received due to property damage, document this in section '(6) The property has been damaged and the seller has received insurance proceeds...'.
10. Indicate any changes to the insurance coverage by referencing a current policy. Mention that a legible copy of this policy is attached, as instructed in section '(7) The seller has changed insurance coverage...'.
11. Finally, date the document and sign in the specified areas labeled 'SIGNED AND MAILED on the _____ day of ________________, 20____. Seller' to complete your annual accounting statement.
12. Once all fields are accurately filled, save the changes, and you may choose to download, print, or share the form as needed.

Complete your documents online to ensure a smooth and efficient process.