Kansas Conveyance Contract

State:
Kansas
Control #:
KS-0009
Format:
Word; 
Rich Text
Instant download

Description

This contract is between a corporation and a city or municipality. The parties agree to the sale of land at or near a railway station and train depot building. The city is buying the bulding for the purpose of economic development. Simultaneously, the city will lease the land form the owner.

A Kansas Conveyance Contract is a legal document used for transferring the title of property from one person or entity to another. It is also known as a deed or deed of conveyance and is used in the state of Kansas to facilitate the transfer of title and ownership of real estate. The contract is typically written by a knowledgeable real estate attorney and requires signatures from both parties involved in the transaction. There are two main types of Kansas Conveyance Contracts: the Warranty Deed and the Quit Claim Deed. A Warranty Deed is the more common type of Kansas Conveyance Contract and is used to transfer property with assurance that the title is free from any liens or outstanding debts. This type of deed provides the highest level of protection for the buyer and is recommended when transferring a title. The Quit Claim Deed is used when transferring a title with less certainty that the title is free of any liens or outstanding debts. This type of deed is often used in situations where the buyer is aware of potential risks associated with the property, such as an unresolved debt or lien. Both types of Kansas Conveyance Contracts require signatures from both parties involved in the transaction, and the signature of a notary public. It is important to read and understand the contract before signing, as it will bind both parties to the terms of the contract. It is also important to ensure that the paperwork is filed correctly with the local county recorder's office to ensure that the title is legally transferred.

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FAQ

The statute of limitations for filing a personal injury claim in Kansas is 2 years (see Kansas Statutes section 60-513), meaning residents have 2 years from the date of an accident to file a lawsuit. Those who miss the deadline are likely to have their claim denied or case dismissed by the court.

A Kansas judgment is enforceable for five (5) years. If not renewed, or executed within this period, it will become dormant and cease to operate as a lien on the defendant's real estate.

How Does a Contract for Deed Work in Kansas. A contract for deed, or land contract, is a type of agreement in which the buyer makes payments to the seller for the property and receives possession of the property, but the legal title remains with the seller until the contract is fulfilled.

The Kansas statute of repose indicates that ?in no event shall an action be commenced more than 10 years beyond the time of the act giving rise to the cause of action.? K.S.A. 60-513(b).

Generally, products liability actions brought under negligence theories must be filed within two years after the plaintiff suffers a substantial injury, and those actions brought under strict liability theories must be filed within two years after the injury occurs.

Statute of limitations in contracts for sale. (1) An action for breach of any contract for sale must be commenced within four years after the cause of action has accrued. By the original agreement the parties may reduce the period of limitation to not less than one year but may not extend it.

(1) An action for default under a lease contract, including breach of warranty or indemnity, must be commenced within four years after the cause of action accrued. By the original lease contract the parties may reduce the period of limitation to not less than one year.

More info

LAND CONTRACTS (EXCERPT) Act 237 of 1879. 565. Conveyance is used in law to refer to the transfer of title or ownership of property from one person to another.It must be in writing and signed. Upon execution, the seller's rights to the property are transferred to the buyer. The transaction is complete when the contracts are returned. This process is completed using a legal document, like a deed, lease or contract. A conveyance deed is a contract in which, the seller transfers all rights to the legal owner. With a land contract, the buyer does not get full ownership of the property. The buyer is an owner, but they only get "equitable title" of the property. It takes on average 10–12 weeks to complete a conveyancing transaction, but while some transactions are quicker, many take longer.

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Kansas Conveyance Contract