Create Legal Montana Contract For Deed Forms For Free

Include the agreed upon purchase price, down payment amount, interest rate and payment details. You should also outline the payment schedule and how and where payments are to be made. Besides monthly payments, you'll want to define if they will have to pay a final lump sum or balloon payment at the end of the term.

Montana does NOT have a Real Estate Transfer tax; you only need to file a Realty Transfer Certificate. ?Transfer? includes sales, exchanges, gifts, inheritances or any other transaction where the property changes ownership.

Generally speaking, a trust indenture is a lien against the property with the buyer being the legal owner. In a contract for deed, a contact is executed between a seller and a buyer whereby a seller agrees to transfer title to the property once the amount set forth in the contract has been paid in full.

How Do I Transfer Property to a Family Member? In order to transfer property to a family member as a gift, you'll need to execute a ?Deed of Gift?. This is also known as a ?Transfer of Gift?. This legal process ends with the family member(s) classified as the property's legal proprietors.

Valid Contracts A real estate contract must meet four essential criteria to be considered valid: First, it must include a valid home purchase agreement in writing. Second, the contract must contain an offer from the buyer and an acceptance from the seller. Third, the purpose of the contract must be legal.

Montana deeds must be recorded in the county where the property is located. The standard recording fee for Montana deeds is $8.00 for each page. A clerk who accepts for recording a deed that does not comply with Montana's formatting requirements can charge an additional fee of $10.00.