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.
Description: Manchester New Hampshire Buyer's Request for Accounting from Seller under Contract for Deed If you are a buyer residing in Manchester, New Hampshire, and have entered into a contract for deed, it is crucial to understand your rights and responsibilities. One important aspect is the buyer's request for accounting from the seller. This allows you to obtain a detailed breakdown of all financial transactions related to the property. Keywords: Manchester New Hampshire, buyer's request, accounting, seller, contract for deed, financial transactions Types of Manchester New Hampshire Buyer's Request for Accounting from Seller under Contract for Deed: 1. Financial Records Request: As a buyer, you have the right to request the seller to provide all financial records pertaining to the property. This includes documents such as tax returns, income statements, and expense reports related to the property's management. 2. Payment Verification: By requesting accounting from the seller, you can ensure that your monthly payments are being accurately recorded and properly allocated towards the principal, interest, and any additional charges as specified in the contract for deed. This verification allows you to avoid discrepancies and potential disputes in the future. 3. Expense Disclosure: It is essential for buyers to request accounting from the seller to obtain a comprehensive breakdown of all property-related expenses. This may include property taxes, insurance premiums, utility bills, and any maintenance or repair costs incurred by the seller during their ownership. Understanding these expenses helps you assess the overall financial picture of the property. 4. Funds Allocation: In some cases, the seller may be responsible for allocating a portion of the buyer's payments towards specific purposes, such as property improvements or outstanding liens. By requesting accounting, you can ensure the seller is using the funds in accordance with the contract for deed and that any agreed-upon obligations are being fulfilled. 5. Purchase Price Verification: When buying a property under a contract for deed, it is crucial to verify that the purchase price calculations are accurate. By requesting an accounting from the seller, you can review all relevant financial documents, including the initial purchase price, any down payment made, and the remaining balance. This verification provides transparency and prevents any misunderstandings regarding the property's valuation. 6. Additional Requests: Buyers may have additional specific requests when seeking accounting from the seller under a contract for deed. These could include obtaining information about past liens, property encumbrances, or any other financial obligations that may affect the property's title. It is important to address these requests in writing to ensure a comprehensive understanding of the property's financial history. In conclusion, a Manchester New Hampshire buyer's request for accounting from the seller under a contract for deed is a crucial step to ensure transparency, accuracy, and legality throughout the transaction. By using appropriate keywords, such as Manchester New Hampshire, buyer's request, accounting, seller, contract for deed, and financial transactions, you can optimize your search and find the information you need to protect your rights as a buyer.Description: Manchester New Hampshire Buyer's Request for Accounting from Seller under Contract for Deed If you are a buyer residing in Manchester, New Hampshire, and have entered into a contract for deed, it is crucial to understand your rights and responsibilities. One important aspect is the buyer's request for accounting from the seller. This allows you to obtain a detailed breakdown of all financial transactions related to the property. Keywords: Manchester New Hampshire, buyer's request, accounting, seller, contract for deed, financial transactions Types of Manchester New Hampshire Buyer's Request for Accounting from Seller under Contract for Deed: 1. Financial Records Request: As a buyer, you have the right to request the seller to provide all financial records pertaining to the property. This includes documents such as tax returns, income statements, and expense reports related to the property's management. 2. Payment Verification: By requesting accounting from the seller, you can ensure that your monthly payments are being accurately recorded and properly allocated towards the principal, interest, and any additional charges as specified in the contract for deed. This verification allows you to avoid discrepancies and potential disputes in the future. 3. Expense Disclosure: It is essential for buyers to request accounting from the seller to obtain a comprehensive breakdown of all property-related expenses. This may include property taxes, insurance premiums, utility bills, and any maintenance or repair costs incurred by the seller during their ownership. Understanding these expenses helps you assess the overall financial picture of the property. 4. Funds Allocation: In some cases, the seller may be responsible for allocating a portion of the buyer's payments towards specific purposes, such as property improvements or outstanding liens. By requesting accounting, you can ensure the seller is using the funds in accordance with the contract for deed and that any agreed-upon obligations are being fulfilled. 5. Purchase Price Verification: When buying a property under a contract for deed, it is crucial to verify that the purchase price calculations are accurate. By requesting an accounting from the seller, you can review all relevant financial documents, including the initial purchase price, any down payment made, and the remaining balance. This verification provides transparency and prevents any misunderstandings regarding the property's valuation. 6. Additional Requests: Buyers may have additional specific requests when seeking accounting from the seller under a contract for deed. These could include obtaining information about past liens, property encumbrances, or any other financial obligations that may affect the property's title. It is important to address these requests in writing to ensure a comprehensive understanding of the property's financial history. In conclusion, a Manchester New Hampshire buyer's request for accounting from the seller under a contract for deed is a crucial step to ensure transparency, accuracy, and legality throughout the transaction. By using appropriate keywords, such as Manchester New Hampshire, buyer's request, accounting, seller, contract for deed, and financial transactions, you can optimize your search and find the information you need to protect your rights as a buyer.
