Madison County Contract for Deed and Promissory Note Form (Kentucky)
All Madison County specific forms and documents listed below are included in your immediate download package:
Contract for Deed Form
Fill in the blank form formatted to comply with all recording and content requirements.
Included Madison County compliant document last validated/updated 5/27/2024
Contract for Deed Guidelines
Line by line guide explaining every blank on the form.
Included Madison County compliant document last validated/updated 5/17/2024
Completed Example of the Contract for Deed
Example of a properly completed form for reference.
Included Madison County compliant document last validated/updated 5/27/2024
Promissory Note Form
Note that is secured by the Contract for Deed. Can be used for traditional installments or balloon payment.
Included Madison County compliant document last validated/updated 4/12/2024
Promissory Note Guidelines
Line by line guide explaining every blank on the form.
Included Madison County compliant document last validated/updated 4/5/2024
Completed Example of the Promissory Note
Example of a properly completed form for reference.
Included Madison County compliant document last validated/updated 6/14/2024
Annual Accounting Statement Form
Fill in the blank Contract for Deed and Promissory Note form formatted to comply with all Kentucky recording and content requirements.
Included Madison County compliant document last validated/updated 5/10/2024
The following Kentucky and Madison County supplemental forms are included as a courtesy with your order:
When using these Contract for Deed and Promissory Note forms, the subject real estate must be physically located in Madison County. The executed documents should then be recorded in the following office:
Madison County Clerk
Courthouse - 101 W Main St, Suite 7, Richmond, Kentucky 40475
Hours: 8:00am to 4:30pm M-F
Phone: (859) 624-4703 Option 3
Local jurisdictions located in Madison County include:
- Berea
- Bighill
- Richmond
- Waco
How long does it take to get my forms?
Forms are available immediately after submitting payment.
How do I get my forms, are they emailed?
Immediately after you submit payment, the Madison County forms you order will be available for download directly from your account. You can then download the forms to your computer. If you do not already have an account, one will be created for you as part of the order process, and your login details will be provided to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance. Forms are NOT emailed to you.
What does "validated/updated" mean?
This indicates the most recent date when at least one of the following occurred:
- Updated: The document was updated or changed to remain compliant.
- Validated: The document was examined by an attorney or staff, or it was successfully recorded in Madison County using our eRecording service.
Are these forms guaranteed to be recordable in Madison County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Madison County including margin requirements, content requirements, font and font size requirements.
Can the Contract for Deed and Promissory Note forms be re-used?
Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Madison County that you need to transfer you would only need to order our forms once for all of your properties in Madison County.
What are supplemental forms?
Often when a deed is recorded, additional documents are required by Kentucky or Madison County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.
What type of files are the forms?
All of our Madison County Contract for Deed and Promissory Note forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.
Do I need any special software to use these forms?
You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.
Do I have to enter all of my property information online?
No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.
Can I save the completed form, email it to someone?
Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.
Are there any recurring fees involved?
No. Nothing to cancel, no memberships, no recurring fees.
Contract for Deed also known as a Land Contract
Included are Three forms:
(1) "Contract for Deed" evidenced by a Promissory Note and
(2) "Promissory Note" secured by a Contract for Deed.
(3) "Annual Accounting Statement"
This is considered a more secure method of owner financing than just a land contract because the promissory note is more elaborate and defining of late payments, defaults and penalties. Typically, a Contract for Deed is a recorded instrument, as where the promissory note is held onto by the Seller/Lender until the note is paid in full. These forms are governed by Kentucky law. A promissory note with strong default terms can be beneficial to the seller/lender.
The Contract for Deed form states that the consideration reflected is the fair market value for the property. The parties join this Contract for Deed for the sole purpose of certifying the consideration pursuant to Kentucky Revised Statutes Chapter 382. These forms offer the choice of typical installment payments or a balloon payment, which is common in land contracts, $XXX down, payments for 3-5 years with balance due of YYY.
(Kentucky Contract for Deed Package includes form, guidelines, and completed example) For use in Kentucky Only.
Our Promise
The documents you receive here will meet, or exceed, the Madison County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
Save Time and Money
Get your Madison County Contract for Deed and Promissory Note form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.
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July 1st, 2024
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Julie P.
June 30th, 2024
Quick & easy to use. Spoke a lawyer and saved hundreds by doing it myself.
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Caroline E.
June 28th, 2024
Very easy!
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James H.
December 7th, 2020
Clear and easy instructions. Prompt processing and confirmation. I am still in the middle of submitting my document for recording, but I am confident that the Deeds.com service will deliver as promised. Definitely a valuable tool with important legal doucments.
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Ron D.
June 2nd, 2024
The State form I chose was valid and accurate. However, I found the ability to enter information was inadequate and difficult. Converted the form to a Word document and was then able to enter the information I needed to.
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Janice S.
August 27th, 2019
Well, you couldn't find the deeds, but you didn't charge me for it so great!
Thanks
Jan
Thank you for your feedback. Sorry we were not able to assist you better with your deed search. Have a wonderful day!
EMMA J.
January 28th, 2022
I am still learning how this work. Right now this is the form I need. I thank you. I will give survey again once I have completed this form.
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Larry T.
July 28th, 2020
Ordered a 'Gift Deed' form
The 'Example' form was most helpful.
The actual form was very detailed, and seemed to 'cover all the bases'
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Irma D.
June 14th, 2021
Very impressed with the Service in Miami-Dade County. THank you
Thank you!
William S C.
June 11th, 2021
The Lady Bird Deed appears to be fine with me as are the instructions. However, there apparently are no specific laws in Texas addressing them other than they are OK. The problem is that lenders are surely going to use them as triggers for their due on sale clauses, especially as the current small mortgage rates begin to increase. The solution to that seems to be to sign and have them notarized, but not to record them unless the holder needs to enforce the provisions. It seems to me that you should consider your solution to that problem in your instructions.
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Tarik W.
July 20th, 2021
Excellent customer service!!!!!
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Preston P.
January 12th, 2023
Filled my need for the documents needed. thank you, I am sure I will return soon.
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Karen R.
June 9th, 2023
Easy to access and reasonable pricing, thank you deeds.com!
Thank you!
Jeffry C.
October 19th, 2020
Deeds.com has been a lifesaver for my house buying business. Excellent support!
Thank you Jeffry, glad we could help.
Gary B.
March 30th, 2021
After spending $21 to obtain a Quit Claim Deed form, I realized that I was in over my head. There are a lot of legal considerations and I am not familiar enough with the legal terms and choices to feel confident doing it myself. I since hired a paralegal service to prepare my Quit Claim. I wish I knew the knowledge required before I purchased.
Glad to hear you sought the assistance of a legal professional familiar with your specific situation Gary. We always recommend this to anyone not completely sure of what they are doing.