Lee's Summit Missouri Notice of Default for Past Due Payments in connection with Contract for Deed serves as a legal document notifying the parties involved in a Contract for Deed agreement that the payment terms have not been met. This notice outlines the specific details of the default and aims to bring attention to the potential consequences that may follow. In Lee's Summit, Missouri, there are different types of Notice of Default for Past Due Payments in connection with Contract for Deed. These can be categorized as follows: 1. Non-payment Notice of Default: This type of notice is issued when the buyer fails to make the required payments as per the terms of the Contract for Deed. It outlines the amount overdue, the due date for the missed payment(s), and the total outstanding amount. 2. Late Payment Notice of Default: When the buyer consistently fails to make timely payments, a Late Payment Notice of Default is sent. This notice specifies the number of payments that have been made late, the dates they were due, and any late fees incurred. 3. Breach of Contract Notice of Default: If the buyer violates any other terms outlined in the Contract for Deed agreement, such as failing to maintain the property or engaging in illegal activities on the premises, a Breach of Contract Notice of Default is issued. This notice highlights the specific violations committed and advises the buyer on necessary corrective actions. 4. Default Cure Notice: A Default Cure Notice is sent when the buyer is given a last opportunity to rectify the default by making the outstanding payments within a specified period. This notice includes a warning that failure to cure the default may result in further legal action, such as foreclosure. It is important for both the buyer and the seller to carefully review and understand the terms in the Notice of Default for Past Due Payments in connection with Contract for Deed. Legal advice should be sought to ensure proper understanding of rights, obligations, and potential remedies available to each party. Keywords: Lee's Summit Missouri, Notice of Default, Past Due Payments, Contract for Deed, Non-payment, Late Payment, Breach of Contract, Default Cure Notice, legal document, consequences, foreclosure, violation, outstanding amount.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.