In the realm of real estate transactions within Michigan, the Land Contract Michigan form serves as a pivotal document that outlines the agreement between a seller and a buyer concerning the sale of property under specific terms and conditions. This form, essentially a memorandum, highlights the mutual agreement to enter into a land contract, marking a significant step in property purchase processes without the immediate full payment of the purchase price. By detailing the transaction between the parties, including their names, addresses, and the property involved, this document ensures that there is a reliable record of the sale agreement. Additionally, the inclusion of tax parcel numbers and detailed property descriptions further cements the particulars of the agreement, ensuring that all aspects of the property sale are transparent and easily referenced. The form not only serves to acknowledge the sale and the terms agreed upon but also acts to notify the public of the existence of such a contract, thereby making it an invaluable tool for both buyer and seller in safeguarding their interests. Ensuring that the document is properly executed and acknowledged before a notary public, as stipulated, guarantees its legality and enforceability. The strategic significance of this memorandum cannot be overstated as it provides a secure foundation upon which the transaction rests, ensuring all parties are legally protected throughout the process.
| Question | Answer |
|---|---|
| Form Name | Land Contract Form Michigan |
| Form Length | 3 pages |
| Fillable? | Yes |
| Fillable fields | 30 |
| Avg. time to fill out | 6 min 45 sec |
| Other names | memorandum of land contract michigan, memorandum land, michigan land contract form, michigan memorandum |
MEMORANDUM OF LAND CONTRACT
File No.:
Drafted by:
,,
When recorded return to:
,,
THI S MEMORANDUM OF LAND CONTRACT entered into this |
|
by and between: |
|||||||||
|
|
|
|
|
|
|
|
|
|
||
whose address is: |
|
|
|
|
|
|
|
hereinafter "SELLER" and |
|||
|
|
, |
|
|
|
|
|
|
|
|
|
whose address is: |
|
, |
|
hereinafter "BUYER." |
|
||||||
WI TNESSETH:
WHEREAS, BUYER and SELLER have entered into a Land Contract of even date herewith; and,
WHEREAS, the parties desire to enter into this Memorandum of Land Contract to give record notice of existence of the Land Contract .
NOW THEREFORE, in consideration of the premises and for other good and valuable consideration, SELLER
acknowledges and agrees that they have sold to BUYER on the land contract dated |
|
, |
the |
following |
|||||||
described premises situated in the |
|
of |
, County of |
|
, and State |
of |
Michigan, |
||||
|
|
|
|
|
|
|
|
|
|
|
|
and particularly described as follows: |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
Tax Parcel No.
Commonly known as:
The purpose of this Memorandum of Land Contract is to give record notice to the existence of the aforesaid Land Contract .
I N WI TNESS WHEREOF, the parties hereto have executed this Memorandum of Land Contract and have caused their hands and seals to be affixed hereto the day and year first above written.
Signed and Sealed:
Page 1 of 3
File No.: |
Memorandum of Land Contract - continued |
____________________________________ |
____________________________________ |
____________________________________ |
|
= |
|
Page 2 of 3
File No.: dgsalemi () |
Memorandum of Land Contract - continued |
|
||||
= |
|
|
|
|
|
|
STATE OF |
Michigan |
} |
|
|
|
|
|
|
} ss |
|
|
|
|
COUNTY OF |
|
} |
|
|
|
|
The foregoing instrument was acknowledged before me on |
|
, by |
|
. |
||
|
|
|
Notary Public: _________________________________ |
|||
|
|
|
Printed Name: |
|
||
|
|
|
|
County, Michigan |
|
|
|
|
|
Acting in the County of |
|
||
|
|
|
My Commission Expires: |
|
||
STATE OF |
Michigan |
} |
|
|
|
|
|
|
} ss |
|
|
|
|
COUNTY OF |
|
} |
|
|
|
|
The foregoing instrument was acknowledged before me on XXX, by Pet er Piper, a single person .
Notary Public: ______________________________
Printed Name:
County, Michigan
Acting in the County of
My Commission Expires:
Page 3 of 3