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.
Lee's Summit Missouri Buyer's Request for Accounting from Seller under Contract for Deed A Buyer's Request for Accounting from the Seller under a Contract for Deed in Lee's Summit, Missouri is a legal document that outlines the buyer's demand for a detailed financial breakdown from the seller. This request is typically made when the buyer suspects or wants to verify that the seller has fulfilled their financial obligations outlined in the contract for deed agreement. Keywords: Lee's Summit, Missouri, buyer's request, accounting, seller, contract for deed Types of Lee's Summit Missouri Buyer's Request for Accounting from Seller under Contract for Deed: 1. Payment Schedule Verification: This type of request focuses on verifying whether the seller has received and properly accounted for all payments made by the buyer according to the agreed-upon payment schedule in the contract for deed. 2. Tax and Insurance Expense Verification: This type of request aims to ensure that the seller has paid all applicable property taxes and insurance premiums required by the contract for deed. The buyer may request supporting documentation or receipts from the seller as proof of payment. 3. Maintenance and Repairs Expense Verification: With this type of request, the buyer seeks clarification from the seller regarding any maintenance or repair expenses that were specified in the contract for deed. The buyer may want to confirm that the seller has fulfilled their responsibility in maintaining the property as stipulated in the agreement. 4. Verification of Funds Applied: In cases where the contract for deed includes provisions for the seller to apply a portion of the buyer's payments towards the purchase price, the buyer may request an accounting of how these funds have been utilized by the seller. This type of request ensures transparency and tracks the progress towards full ownership transfer. 5. Interest Calculation and Verification: If interest is included as part of the contract for deed agreement, the buyer may request an accounting of the interest accrued and confirm that it has been properly calculated and applied by the seller. This request helps ensure accuracy and compliance with the contractual terms. It is important for buyers in Lee's Summit, Missouri, to use a Buyer's Request for Accounting from the Seller under a Contract for Deed to safeguard their interests and ensure the seller's compliance with the financial obligations stated in the agreement.
