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LAND CONTRACTS Act 237 of 1879 AN ACT to provide for the execution, acknowledgment, and recording of contracts for the sale of land. History: 1879, Act 237, Eff. Aug. 30, 1879. The People of the State
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The Land Contracts Act 237 is a piece of legislation that governs agreements for the sale of real estate where the seller provides financing to the buyer.
Any party involved in a land contract agreement where the seller provides financing to the buyer is required to file under Act 237.
The land contracts act 237 can be filled out by providing all the required information, including details of the buyer, seller, property, and terms of the agreement.
The purpose of Act 237 is to regulate land contract agreements to protect the interests of both buyers and sellers in real estate transactions.
The information that must be reported on Act 237 includes details of the buyer and seller, description of the property, terms of the agreement, and any financial arrangements.
The deadline to file Act 237 in 2023 is typically by the end of the calendar year, but it's advisable to check with the local authorities for the exact deadline.
The penalty for late filing of Act 237 may include fines or other sanctions imposed by the relevant authorities.
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