58-5202. Recording of contract for deed; seller remedies upon buyer default.

148 words·~1 min read·/ks/chapter-58/58-5202

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Any contract for deed or affidavit of equitable interest may be recorded in the office of the county register of deeds where the property is located by any interested person.

(b)Following the notice and opportunity to cure provided for in K.S.A. 58-5204 (c), and amendments thereto, the buyer shall have 15 days to:

(1)Record a record of release of affidavit of equitable interest or contract for deed, if such affidavit or contract were recorded; and

(2)vacate the premises, if applicable.

(c)If the buyer fails to satisfy the conditions under subsection (b), then such buyer shall be responsible for the seller's reasonable attorney fees, costs and expenses for the removal of the affidavit of equitable interest or contract for deed from the title and eviction of the buyer from the premises, if applicable.