This is a Purchaser's Request of Accounting Statement from Seller. It is a request in writing to receive an accounting of the payments paid since the contract was made and a breakdown of any interest, fees, costs, taxes and insurance paid. It is also a request for the balance due on the contract.
Anaheim California Buyer's Request for Accounting from Seller under Contract for Deed is a legally binding document that allows a buyer of a property under a Contract for Deed to request detailed financial information from the seller. This request aims to ensure transparency and clarity in all financial transactions related to the property. Below are some types of Anaheim California Buyer's Request for Accounting from Seller under Contract for Deed: 1. Financial Statement — The buyer may request the seller to provide a comprehensive financial statement that includes all income and expenses associated with the property. This statement should provide details of rental income, operating expenses, maintenance costs, and any outstanding debts related to the property. 2. Rent Roll — In case the property comprises multiple rental units, the buyer may request a rent roll from the seller. A rent roll includes information about each tenant, their rental amount, lease terms, and any outstanding payments or issues related to the tenants. 3. Property Tax Details — The buyer may request a breakdown of property taxes paid by the seller, including information about any past due or outstanding tax payments. This information is crucial for the buyer to assess the property's financial health and avoid any potential tax liabilities. 4. Insurance Documentation — The buyer may ask the seller to provide copies of insurance policies covering the property. This includes details of property insurance, liability insurance, and any other relevant coverage. The buyer needs to ensure that all necessary insurance is in place to protect their interests. 5. Maintenance and Repair History — It is essential for the buyer to have insight into the property's maintenance and repair history. They may request the seller to provide documentation regarding past repairs, maintenance schedules, and any outstanding issues that may affect the property's value or future expenses. 6. Utility and Service Provider Information — The buyer may ask the seller to provide details of utility service providers, such as electricity, water, gas, or internet services. This information helps the buyer understand ongoing expenses and ensures a smooth transition of services. 7. Outstanding Liabilities — The buyer may inquire about any outstanding debts, liens, or encumbrances on the property. This information is crucial for the buyer to assess the property's financial obligations and potential risks. By requesting these accounting details, Anaheim California buyers can make informed decisions about purchasing a property under a Contract for Deed. The information obtained through this process helps mitigate financial risks and ensures a fair and transparent transaction between the buyer and seller.Anaheim California Buyer's Request for Accounting from Seller under Contract for Deed is a legally binding document that allows a buyer of a property under a Contract for Deed to request detailed financial information from the seller. This request aims to ensure transparency and clarity in all financial transactions related to the property. Below are some types of Anaheim California Buyer's Request for Accounting from Seller under Contract for Deed: 1. Financial Statement — The buyer may request the seller to provide a comprehensive financial statement that includes all income and expenses associated with the property. This statement should provide details of rental income, operating expenses, maintenance costs, and any outstanding debts related to the property. 2. Rent Roll — In case the property comprises multiple rental units, the buyer may request a rent roll from the seller. A rent roll includes information about each tenant, their rental amount, lease terms, and any outstanding payments or issues related to the tenants. 3. Property Tax Details — The buyer may request a breakdown of property taxes paid by the seller, including information about any past due or outstanding tax payments. This information is crucial for the buyer to assess the property's financial health and avoid any potential tax liabilities. 4. Insurance Documentation — The buyer may ask the seller to provide copies of insurance policies covering the property. This includes details of property insurance, liability insurance, and any other relevant coverage. The buyer needs to ensure that all necessary insurance is in place to protect their interests. 5. Maintenance and Repair History — It is essential for the buyer to have insight into the property's maintenance and repair history. They may request the seller to provide documentation regarding past repairs, maintenance schedules, and any outstanding issues that may affect the property's value or future expenses. 6. Utility and Service Provider Information — The buyer may ask the seller to provide details of utility service providers, such as electricity, water, gas, or internet services. This information helps the buyer understand ongoing expenses and ensures a smooth transition of services. 7. Outstanding Liabilities — The buyer may inquire about any outstanding debts, liens, or encumbrances on the property. This information is crucial for the buyer to assess the property's financial obligations and potential risks. By requesting these accounting details, Anaheim California buyers can make informed decisions about purchasing a property under a Contract for Deed. The information obtained through this process helps mitigate financial risks and ensures a fair and transparent transaction between the buyer and seller.
