Passaic County Installment Contract for Deed Form (New Jersey)
All Passaic County specific forms and documents listed below are included in your immediate download package:
Installment Contract for Deed Form
![Passaic County Installment Contract for Deed Form](https://www.deeds.com/forms/new-jersey/installment-contract-for-deed/1723731342F61127_sample.png)
Fill in the blank Installment Contract for Deed form formatted to comply with all New Jersey recording and content requirements.
Included Passaic County compliant document last validated/updated 8/15/2024
Installment Contract for Deed Guide
![Passaic County Installment Contract for Deed Guide](https://www.deeds.com/forms/new-jersey/installment-contract-for-deed/1723731364F87985_sample.png)
Line by line guide explaining every blank on the Installment Contract for Deed form.
Included Passaic County compliant document last validated/updated 8/15/2024
Completed Example of the Installment Contract for Deed Document
![Passaic County Completed Example of the Installment Contract for Deed Document](https://www.deeds.com/forms/new-jersey/installment-contract-for-deed/1723731421F46478_sample.png)
Example of a properly completed New Jersey Installment Contract for Deed document for reference.
Included Passaic County compliant document last validated/updated 8/15/2024
Sellers Disclosure Form
![Passaic County Sellers Disclosure Form](https://www.deeds.com/forms/new-jersey/installment-contract-for-deed/1723731507F31111_sample.png)
Seller discloses known property conditions.
Included Passaic County compliant document last validated/updated 8/15/2024
Lead Based Paint Disclosure Form
![Passaic County Lead Based Paint Disclosure Form](https://www.deeds.com/forms/new-jersey/installment-contract-for-deed/1723731570F52774_sample.png)
Use for property built after 1978
Included Passaic County compliant document last validated/updated 8/15/2024
Annual Accounting Statement Form
![Passaic County Annual Accounting Statement Form](https://www.deeds.com/forms/new-jersey/installment-contract-for-deed/1723732020F79496_sample.png)
Issued to buyer for fiscal year reporting of principal, interest, etc.
Included Passaic County compliant document last validated/updated 8/15/2024
The following New Jersey and Passaic County supplemental forms are included as a courtesy with your order:
When using these Installment Contract for Deed forms, the subject real estate must be physically located in Passaic County. The executed documents should then be recorded in the following office:
County Clerk's Registry Division
401 Grand St, Rm 113, Paterson, New Jersey 07505
Hours: 8:30 to 4:30 M-F / arrive by 4:15
Phone: (973) 881-4777
Local jurisdictions located in Passaic County include:
- Bloomingdale
- Clifton
- Haledon
- Haskell
- Hawthorne
- Hewitt
- Little Falls
- Newfoundland
- Oak Ridge
- Passaic
- Paterson
- Pompton Lakes
- Ringwood
- Totowa
- Wanaque
- Wayne
- West Milford
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 Passaic 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 Passaic County using our eRecording service.
Are these forms guaranteed to be recordable in Passaic County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Passaic County including margin requirements, content requirements, font and font size requirements.
Can the Installment Contract for Deed 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 Passaic County that you need to transfer you would only need to order our forms once for all of your properties in Passaic County.
What are supplemental forms?
Often when a deed is recorded, additional documents are required by New Jersey or Passaic 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 Passaic County Installment Contract for Deed 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.
A "Contract for Deed" (also known as an installment land contract, land contract, or contract for sale) is a legal agreement where the buyer makes payments directly to the seller in exchange for the right to use the property. The buyer receives the deed and full ownership of the property only after all payments have been made.
Statutes and Legal Framework:
1. While New Jersey does not have specific statutes solely governing Contracts for Deed, they are generally governed by principles of contract law, real estate law, and consumer protection laws.
Key statutes include the New Jersey Consumer Fraud Act (N.J.S.A. 56:8-1 et seq.), which could apply to the contract if there is any fraud or deception involved.
2. Disclosure Requirements:
Sellers must provide accurate and complete disclosures regarding the property's condition, any liens, and any other material facts. Failing to do so may result in a violation of the Consumer Fraud Act.
If the contract is entered into without full disclosure or under deceptive terms, it may be considered voidable.
3. Recording the Contract:
While it is not always required to record a Contract for Deed, it is strongly advised. Recording the contract protects the buyer's interest in the property against future claims or liens against the seller.
4. Default and Foreclosure:
If the buyer defaults on the contract, the seller may initiate a foreclosure-like process. However, because this is a non-mortgage transaction, the process can vary, and the seller might be able to evict the buyer through summary eviction proceedings rather than formal foreclosure.
In some cases, New Jersey courts have treated Contract for Deed arrangements similarly to mortgages, requiring sellers to undergo judicial foreclosure to reclaim the property.
5. Right to Cure Default:
The contract should clearly state the buyer's rights if they default, including any grace period to cure the default before the seller can take action.
6. Interest Rates and Financing Terms:
The interest rate and financing terms must comply with New Jersey’s usury laws. If the interest rate exceeds the legal limit, the contract could be voided or reformed by a court.
Procedures for Using a Contract for Deed
1. Drafting the Contract:
The contract must include all essential terms: purchase price, payment schedule, interest rate, penalties for default, responsibilities for taxes and insurance, and the date when the deed will be transferred.
Legal counsel is often necessary to ensure that the contract complies with New Jersey law.
2. Execution and Recording:
Both parties must sign the contract, and it should be notarized. Recording the contract with the county clerk where the property is located is advisable.
3. Payment and Maintenance:
The buyer makes monthly installment payments to the seller, who retains legal title until the contract is fully paid.
The buyer takes on responsibilities such as property taxes, insurance, and maintenance.
Terms and uses
1. TITLE AND TITLE INSURANCE. Seller shall provide Buyer with a standard form owner’s policy of title insurance in the amount of the purchase price. The title policy to be issued shall contain no exceptions other than those provided in said standard form plus encumbrances or defects approved by Buyer as provided below.
2. DEED Of CONVEYANCE. Upon receipt of Buyer's payment in full of the balance of the purchase price, Seller shall furnish a General Warranty Deed, conveying to Buyer title to the property.
3. LATE CHARGE: Any above noted payment which is at least days past due, shall be subject to a late charge of $ And an additional $ per day until the payment is received. If any balloon payment is late, it shall be subject to a late fee of $ per day.
4. Uses include residential property, rental property up to 4 units, condominiums, and planned unit developments. Traditional installment payment with or without a balloon payment.
For use in New Jersey only.
Our Promise
The documents you receive here will meet, or exceed, the Passaic 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 Passaic County Installment Contract for Deed 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.
4.8 out of 5 - ( 4377 Reviews )
Scott M.
August 21st, 2024
Complete Package rndon't spend good money for a title co. to do this
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Stephen B.
August 21st, 2024
This was the first time to use the Deeds.com website for preparing my deed document. This was painless and easy to follow the instructions and sample package for filling in the blank boxes document. The city clerk was impressed to review my document and easily filed my deed record without questions. I would recommend anyone to prepare a legal form that is available from the Deeds.com website.
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Desiree R.
August 19th, 2024
very easy to use
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Thomas M.
August 24th, 2021
Great Service. I had to record 13 deeds in various Oregon counties, with o previous experience, and the process was straightforward with excellent instruction. Thank you.
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Nancy C.
January 15th, 2021
Simple and easy to download. After reading the instructions/sample pages I did still have some questions regarding the beneficiary deed for the state of MO.
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Kimberly M.
December 5th, 2019
I love Deeds.com. I've never had any issues with the service, getting documents back, etc.
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Darrell D.
June 6th, 2023
Thx.
Easy to research and download.
Now proof is in the pudding.
:-)
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Robert S B.
May 22nd, 2019
I would not have ordered this form had I realised how limited the fields are for details. There is no room for elaboration of terms. The language only allows one grantor and one grantee, and the gender and quantity default construction is a poor choice. Be basic, but leave room for more.
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Greg S.
August 19th, 2022
The Beneficiary Deed is easy to fill out, expecially with the examples/explanations provided. The only recommendation I would make is to state that the Parcel ID and the Assessor's ID are one in the same. I looked everywhere for something that mentions "Assessor's ID" in my paperwork to no avail. Upon calling the Maricopa Assessor's number in Maricopa I was told that they are the same.
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Tawnya B.
December 28th, 2018
The document I needed and easy instructions!
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Hal M.
September 23rd, 2022
Very good, and easy and fast to use.
Thank you!
Sandrs T.
August 27th, 2020
It would be good to be able to print several documents at 1 time by highlighting them in the list without having to do one document at a time.
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Sheri L.
July 9th, 2019
Very helpful even though what I'm looking for hasnt updated yet. I'll use you again.
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Jo Anne M.
June 2nd, 2020
good I think
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Sylvia L.
January 10th, 2024
Very easy...found what I was looking for
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