Fill Out Legal Montana Contract For Deed Forms For Free

Recording Information Provide a complete legal description of the property. At least a 3-inch margin at the top of the first page, and at least a 1-inch at the top of all subsequent pages. At least a 1-inch margin on the bottom of each page, and at least ½ inch on the sides of each page.

Whenever property is sold or gifted, a deed must be executed by the person or entity transferring ownership, the ?grantor,? and recorded with the Clerk and Recorder in the county where the property is located. The grantor will also need to file a Realty Transfer Certificate and pay the recording fee ($8 per page).

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.

A Montana deed is a legal document used to transfer land and real estate in the State of Montana. The deeds must have the name and address of the grantor and grantee as well as the legal description of the property being transferred. In addition, a notary must sign an acknowledgment that the deed was properly signed.

Also termed an installment land contract, a land contract, or a land sales contract. Contract for deed can be considered a special type of real estate contract in which the seller provides funds to the buyer to purchase the property at an agreed purchase price and the buyer repays the loan in installments.

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. In a contract for deed, the seller retains legal title until the contract is paid and the buyer has equitable title.