Get Addendum For West Michigan Regional Land Contract Form #1 For ... - Westcentralaor

Filling out the addendum for the West Michigan regional land contract form requires attention to detail and a clear understanding of each section involved. This guide will provide step-by-step instructions to help you complete it accurately and effectively.

Follow the steps to successfully fill out the form online.

1. Press the ‘Get Form’ button to access the addendum and open it in your chosen document editor.
2. Review the introductory section of the addendum, which outlines the amendments to the existing Land Contract. Familiarize yourself with the terminology used.
3. In section (a), choose between the two options for the payment agreements related to property taxes and insurance. Ensure you select the option that best fits your agreement with the seller.
4. For the selected option in section (a), fill out any necessary information regarding the frequency and adjustment of payments, ensuring clarity on how payment changes will be communicated.
5. Proceed to section (b) to detail the monthly tax and insurance payment plan, including the estimated annual amounts. Make sure to indicate how adjustments to these amounts will be handled.
6. Move on to section (c) to describe the addback provision that credits payments to the principal balance. Accurately represent how these payments will be monitored and adjusted yearly.
7. Address the reimbursement component in section (d) by noting the timeline for payments due to the seller for taxes and insurance they cover. Ensure compliance with the 20-day reimbursement requirement.
8. Fill in the necessary witness and notary information at the end of the document, ensuring that all signatures are clear and correctly positioned.
9. Once you have provided all required information, save your changes. You may then proceed to download, print, or share the completed addendum as necessary.

Complete your documents online for a smooth transaction process.