The Final Notice of Forfeiture and Demand Buyer Vacate Property form notifies the Purchaser, after all prior notices of breach have expired, that Seller has elected to cancel the contract for deed in accordance with its terms and all past payments made by Purchaser are now considered forfeited and any future occupancy of property will result in action by the court.
A land contract forfeiture form with decimals is a legal document used in real estate transactions to outline the process and calculations involved in the forfeiture of a land contract due to non-payment or breach of contract. This form is particularly important when the financial transactions involved require precise decimal calculations. Keywords: land contract, forfeiture form, decimals, real estate, non-payment, breach of contract, legal document, precise calculations. There are several types of land contract forfeiture forms with decimals, each serving a specific purpose. Some notable types include: 1. Land Contract Forfeiture Form for Non-Payment: This form is used when a buyer fails to make timely payments as specified in the land contract. It provides a detailed breakdown of the outstanding payments, any interest charges involved, and the calculation of the forfeiture amount with decimals accuracy. 2. Land Contract Forfeiture Form for Breach of Contract: This form comes into play when a party breaches the terms and conditions of the land contract, such as failure to maintain the property or violating any specific contractual aspects. It outlines the breaches, calculates the forfeiture amount precisely with decimals, and lists any damages or losses incurred by the other party. 3. Land Contract Forfeiture Form for Remedy Period: In certain cases, a land contract may grant the defaulting party a remedy period, during which they can rectify the breach or resolve the non-payment issue. This form is used to outline the remedy period duration, specify the necessary actions, and indicate how the forfeiture calculation will be conducted in case the defaulting party fails to remedy the situation within the specified timeframe. 4. Land Contract Forfeiture Form for Calculation Assistance: This type of form is designed to assist parties involved in a land contract forfeiture by providing step-by-step guidance on how to calculate the forfeiture amount accurately using decimals. These forms may include detailed instructions and relevant formulas to ensure the calculations are performed correctly. It's important to consult legal professionals or real estate experts to ensure the suitability and accuracy of these forms based on the specific circumstances of each case.
