Michigan Form Of Land Contract

State:
Michigan
Control #:
MI-P029-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package contains essential personnel forms to help your company ensure accurate record keeping of all personnel issues. The forms included help to protect the employer against costly mistakes and ensure compliance with important federal laws. The documents in this package include the following:


1. Employee 90 Day Review Report

2. Employment Form

3. Direct Deposit Authorization Agreement

4. Employment Agreement

5. Absence Report

6. Payroll Deduction Authorization

7. Accident Injury Report

8. Expense Report

9. Employee Monthly Time Report

10. Wage Withholding Authorization

11. Vacation Request

12. Confidentiality Statement

13. Handbook Acknowledgement Form

14. Workers' Compensation Acknowledgement Form

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FAQ

A land contract is not legally required to be recorded in Michigan. However, both the buyer and the seller may wish to record the contract to protect their interests in the property.

Then, the seller will have to make installment payments for a set period of time. The terms can vary, but most agreements are between two and four years. At the end of the term, the buyer will usually have a balloon payment due before the final transfer of the property deed takes place.

Select the appropriate Michigan register of deeds office where the land contract must be filed. The contract must be filed in the Michigan county in which the land is located. Contact the appropriate office to ascertain how much the current recording fee is for your document.

(Rupees ), will be received by the FIRST PARTY from the SECOND PARTY, at the time of registration of the Sale Deed, the FIRST PARTY doth hereby agree to grant, convey, sell, transfer and assign all his rights, titles and interests in the said portion of the said property, fully

The parties will also agree on the interest rate. However, in Michigan the interest rate cannot be above 11%. It is possible for the interest rate to change over time, but the average interest rate has to be 11% or less.

Interesting Questions

More info

A land contract is a contract between a buyer and private seller for real property that has a home on it. Unlike a lender-financed mortgage, the seller retains the property deed until the purchase price has been paid in full.A land contract is a contractual agreement between a buyer and a seller of real estateusually residential real estate. Michigan doesn't have a standardized land contract form. 565.352 Land contract; execution and acknowledgment in another state. Sec. 2. The Seller is responsible for filling out the form in full, including dating and signing at the bottom. THIS AMENDMENT TO LAND CONTRACT ("Amendment"), made as of January 31, 2008, between MEADOWBROOK INSURANCE GROUP, INC. Select the appropriate Michigan register of deeds office where the land contract must be filed. A land contract is a form of seller financing. Under this contract, the seller of real estate in Michigan is responsible for paying the premium for the Owners Policy of Title Insurance.

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Michigan Form Of Land Contract