Texas Contract for Deed Seller's Annual Accounting Statement to Purchaser - Residential - Land Contract, Executory Contract 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering the purchaser's name and address in the designated fields. Ensure accuracy as this information is crucial for proper communication.
3. Fill in the accounting period, specifying the year for which you are providing the statement. This should reflect the current calendar year.
4. Input the total amount paid under the contract and the remaining balance owed. These figures should be calculated based on your records of payments made.
5. Indicate the number of payments remaining on the contract. This helps both parties understand their obligations moving forward.
6. Document any amounts paid to taxing authorities and insurance costs on behalf of the purchaser, if applicable. This transparency is essential for maintaining trust.
7. If there have been any damages and insurance proceeds were received, provide a detailed accounting of how those proceeds were applied to repair or maintain the property.
8. Attach a legible copy of any updated insurance policy or binder if there has been a change in coverage.
9. Finally, sign and date the document before mailing it to ensure compliance with Texas Property Code requirements.

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