Contract for Deed Seller's Annual Accounting Statement - Michigan 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 by filling in the relevant dates to clarify the timeframe of your accounting.
4. In section (1), input the total amount paid under the contract, providing a clear financial overview.
5. For section (2), indicate the remaining amount owed under the contract, which is crucial for both parties' records.
6. Complete section (3) by noting the number of payments still due, helping track future obligations.
7. If applicable, fill in section (4) with amounts paid to taxing authorities on behalf of the purchaser, ensuring transparency.
8. In section (5), document any insurance payments made on behalf of the purchaser to maintain accurate records.
9. Address any property damage and insurance proceeds in section (6), providing a detailed account of how proceeds were applied.
10. Attach a legible copy of any changed insurance coverage as mentioned in section (7) for reference.
11. Finally, sign and date at the bottom of the form before sending it to ensure all parties are informed and accountable.

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