Deeds
Land Contract, Land Purchase Contract, Contract for Deed
The document requires:
• Name of the seller (KRS 382.200)
• Name of the buyer and their mailing address (KRS 382.335)
• Legal description of the property (Common Law & OAG 81-100)
• Source of title (KRS 382.110)
• Preparation Statement (KRS 382.335)
• The clerk shall request a return mail address (KRS 382.240)
• Document must be: signed and acknowledged (notarized) by both parties. (Since this document is analogous to a mortgage and a conveyance it needs to be signed by both parties.) (Contract Law and KRS 382.130 & OAG 95-12)
Legal process tax is collected because the land contract is analogous to a mortgage and a conveyance has occurred. OAG 95-12 & Sebastian v. Floyd.
