Buyer's Request for Accounting from Seller under Contract for Deed - Kansas 2025

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The statement that any contract not in writing is unenforceable is false. While it is true that certain types of contracts, such as those involving real estate, need to be in writing to be enforceable (under statutes such as the Statute of Frauds), many other contracts can be oral and still be enforceable.
Contracts may be oral or in writing. The general rule is that any contract, whether oral or in writing, is enforceable, so long as it contains a quid pro quo and is legal. However, certain contracts must be in writing to be enforceable.
The basic elements required for the agreement to be a legally enforceable contract are: mutual assent , expressed by a valid offer and acceptance ; adequate consideration ; capacity ; and legality . In some states , elements of consideration can be satisfied by a valid substitute.
In most real estate transactions, the sellers agent is responsible for drafting the purchase agreement. The cost for this service is usually included in the sellers commission fee, which is paid at closing. However, in a For Sale By Owner (FSBO) scenario, the buyers agent often steps in to prepare the agreement.
The law went into effect July 1 after passing nearly unanimously in the 2024 legislative session. A new law regulating contract for deed home sales is now in effect in Kansas.

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A contract for deed is a type of seller financing, where the seller agrees to give possession of the property to the buyer immediately. The buyer makes payments directly to the seller, usually monthly, over a period of time agreed upon by both parties and established within the contract.
The general rule is that any contract, whether oral or in writing, is enforceable, so long as it contains a quid pro quo and is legal.
Fact-Checked Most contracts can be either written or oral and still be legally enforceable. However, some agreements must be in writing to constitute a binding agreement. Oral contracts are difficult to enforce. They dont include a clear record of the legal requirements of an enforceable contract.

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