The Final Notice of Forfeiture and Demand Buyer Vacate Property form notifies the Purchaser, after all prior notices of breach have expired, that Seller has elected to cancel the contract for deed in accordance with its terms and all past payments made by Purchaser are now considered forfeited and any future occupancy of property will result in action by the court.
Alabama Final Notice of Forfeiture and Request to Vacate Property under Contract for Deed
State:
Alabama
Control #:
AL-00470-12
Format:
Word;
Rich Text
Instant download
Description
How to fill out Alabama Final Notice Of Forfeiture And Request To Vacate Property Under Contract For Deed?
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FAQ
Forfeiture is a means for a landlord to terminate a lease, in the event of some default by the tenant.
Forfeiture is the loss of any property without compensation as a result of defaulting on contractual obligations, or as a penalty for illegal conduct.
Forfeiture refers to a loss of any property, money, or assets without consideration or compensation in return. A forfeiture generally occurs due to default in complying with repayment obligations under a contract. It can also be used as a penalty for an illegal way of conducting business.
United States. There are two types of forfeiture (confiscation) cases, criminal and civil.
Seizure is the act of taking property.Forfeiture occurs when your rights to the seized property are permanently lost through a court order or judgment. Forfeiture occurs after seizure, and seizure does not always end in forfeiture. In our example, the seizure takes place when Officer Potts takes the money from Steve.
Forfeiture is the loss of any property without compensation as a result of defaulting on contractual obligations, or as a penalty for illegal conduct.When mandated by law, as a punishment for illegal activity or prohibited activities, forfeiture proceedings may be either criminal or civil.
1 : something forfeited or subject to being forfeited (as for a crime, offense, or neglect of duty) : penalty They were required to pay a forfeit. 2 : forfeiture especially of civil rights. 3a : something deposited (as for making a mistake in a game) and then redeemed on payment of a fine.
1 : the loss of a right, money, or especially property because of one's criminal act, default, or failure or neglect to perform a duty compare waiver. 2 : something (as money or property) that is forfeited as a penalty.
The involuntary relinquishment of money or property without compensation as a consequence of a breach or nonperformance of some legal obligation or the commission of a crime. The loss of a corporate charter or franchise as a result of illegality, malfeasance, or Nonfeasance.
