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"Land installment contract" means an agreement under which the vendor agrees to sell an interest in property to the purchaser and the purchaser agrees to pay the purchase price in 5 or more subsequent payments exclusive of the down payment, if any, and the vendor retains title to the property as security for the ...

When you die, this deed transfers the described property, subject to any liens or mortgages (or other encumbrances) on the property at your death. Probate is not required. The TOD deed has no effect until you die.

Most Maine deeds must be accompanied by a completed declaration of value (Form RETTD) when filed for recording. The form provides information about the property and parties and calculates transfer tax using the sale price or fair market value.

If a former owner had the property surveyed, we will show you how to use the plan index to locate it. How do I change a name on my deed? The only way to add or remove a name on a deed is to have a new deed recorded. Once a document is recorded, it cannot be altered.

Deeds must have the name of the grantor and grantee as well as consideration paid for the property. In addition, a legal description of the property is required. A notary or an officer of the court, such as an attorney or court clerk, must sign an acknowledgment before the deed may be filed with the registry of deeds.

A purchase and sale agreement is used to document the parties' intentions and the terms they have agreed will govern the transaction. You can include specific terms like the product or property, the price of the product or property, conditions for the delivery of the product, and the date of product delivery.