Declaration of Intent to Forfeit and Terminate Contract for Deed

This form is to be used by a Seller under a Contract for Deed to notify the Buyer that they are in default of a term of the contract and that the Seller is declaring that the Buyer’s payments under the contract thus far are forfeited and that the Contract will be terminated by the Seller for non-compliance by the Buyer. Under the terms of the above Contract for Deed, the Seller must provide this Declaration to the Buyer by Certified U.S. Mail. The Buyer then has 30 days to become current with their payments under the contract. If the Buyer does not make the past-due payments within 30 days of receipt of this Declaration, the Buyer’s prior payments will be forfeited to the Seller, the Contract for Deed will be terminated, and the Buyer will be required to vacate the property immediately. (continued ...)