An installment note is a must have for any real estate investor. In its simplest form, it’s a detailed description of the loan terms. By spelling out each and every term – including the consequences of being late with an installment payment – every party involved enters into the agreement knowingly.
More lawsuits are started each year because one party will claim ignorance about a certain loan term. With this paper in your hand, which absolutely should be notarized, it’s much more difficult to claim that any terms weren’t made clear.
As always, our attorneys make us say it… these forms are for reference only and you should always pass any forms you use for your business by a competent attorney in your local area to make sure they jive with all state, federal, and local law.
Download Installment Note
Download Instructions:
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Right click on the download link below
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Click “Save As” or “Save Target As”
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Save it to your computer
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