Common Contracts
1 similar Deferred Payment Agreement contracts
DEFERRED PAYMENT AGREEMENTDeferred Payment Agreement • November 2nd, 2017
Pursuant to California Revenue and Taxation Code section 3693.1, the purchaser, by electing to treat the sale as a credit transaction, hereby agrees to pay $5,000 or 10% of the minimum bid amount, whichever is greater, and the documentary transfer taxes to the tax collector on the date of the auction and to pay the balance due within a period specified by the tax collector, not to exceed 90 days from the date of the auction. Upon receipt of full payment of the purchase price and the documentary transfer taxes, the (county) County Tax Collector will execute a deed transferring title to the purchaser.
