Alabama seller 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering the recipient's name in the 'TO' field, ensuring accuracy for proper communication.
3. Specify the 'ACCOUNTING PERIOD' to clarify the timeframe for which you are providing this accounting.
4. In section (1), input the total amount paid under the contract. This reflects the buyer's payments made so far.
5. For section (2), indicate the remaining amount owed under the contract, giving a clear picture of outstanding obligations.
6. In section (3), state the number of payments remaining on the contract, helping both parties track payment progress.
7. If applicable, fill in section (4) with amounts paid to taxing authorities on behalf of the purchaser, if collected by you as the seller.
8. Section (5) requires you to note any insurance payments made on behalf of the purchaser, ensuring transparency regarding property coverage.
9. If there has been property damage and insurance proceeds were received, document this in section (6) for accountability.
10. Finally, confirm any changes in insurance coverage and attach a legible copy of your current policy as mentioned in section (7).
11. Sign and date at the bottom of the form to finalize your annual accounting report before sending it off.

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