Lee County Full Release of Real Estate Contract Form

Lee County Full Release of Real Estate Contract Form
Fill in the blank Full Release of Real Estate Contract form formatted to comply with all Alabama recording and content requirements.

Lee County Full Release of Real Estate Contract Guide
Line by line guide explaining every blank on the Full Release of Real Estate Contract form.

Lee County Completed Example of the Full Release of Real Estate Contract Document
Example of a properly completed Alabama Full Release of Real Estate Contract document for reference.
All 3 documents above included • One-time purchase • No recurring fees
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Additional Alabama and Lee County documents included at no extra charge:
Where to Record Your Documents
Probate Office: County Courthouse
Opelika, Alabama 36801
Hours: 8:30 to 4:30 M-F Central Time
Phone: 334-737-3670
Auburn Satellite Office
Auburn, Alabama 36830
Hours: 8:30 to 4:30 M-F
Phone: 334-737-7297
Smiths Station Satellite Office
Smiths Station, Alabama 36877
Hours: 9:00 to 4:30 M-F
Phone: 334-448-3299
Recording Tips for Lee County:
- Ensure all signatures are in blue or black ink
- Ask if they accept credit cards - many offices are cash/check only
- Both spouses typically need to sign if property is jointly owned
- Ask about their eRecording option for future transactions
Cities and Jurisdictions in Lee County
Properties in any of these areas use Lee County forms:
- Auburn
- Auburn University
- Cusseta
- Loachapoka
- Opelika
- Phenix City
- Salem
- Smiths Station
- Valley
- Waverly
Hours, fees, requirements, and more for Lee County
How do I get my forms?
Forms are available for immediate download after payment. The Lee County forms will be in your account ready to download to your computer. An account is created for you during checkout if you don't have one. Forms are NOT emailed.
Are these forms guaranteed to be recordable in Lee County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Lee County including margin requirements, content requirements, font and font size requirements.
Can I reuse these forms?
Yes. You can reuse the forms for your personal use. For example, if you have multiple properties in Lee County you only need to order once.
What do I need to use these forms?
The forms are PDFs that you fill out on your computer. You'll need Adobe Reader (free software that most computers already have). You do NOT enter your property information online - you download the blank forms and complete them privately on your own computer.
Are there any recurring fees?
No. This is a one-time purchase. Nothing to cancel, no memberships, no recurring fees.
How much does it cost to record in Lee County?
Recording fees in Lee County vary. Contact the recorder's office at 334-737-3670 for current fees.
Questions answered? Let's get started!
WHY RECORD A "RELEASE OF REAL ESTATE CONTRACT" FORM IN ALABAMA
Alternative Names for Contract for Deed
A Contract for Deed (also called a land contract) is an agreement between a buyer and seller where the buyer makes payments to the seller over time and receives the deed once payments are complete. Other names for this type of contract include:
Land Contract: A common term used for an agreement where the seller finances the sale and retains the title until all payments are made.
Installment Land Contract: Describes a similar arrangement where the buyer pays in installments, and the title is transferred only after full payment.
Agreement for Deed: Another term for a contract for deed, emphasizing the agreement to eventually transfer the deed once payments are completed.
Contract Sale: Describes a sale where the buyer agrees to pay for the property in installments, with the title passing after full payment.
Bond for Deed: Used in some states, such as Louisiana, where the buyer and seller agree to transfer ownership of the property after the completion of payments.
Installment Sale Agreement: Refers to a sale where the buyer pays for the property in installments, and the seller retains ownership until the final payment is made.
Land Sales Contract: This is a general term used for contracts where the sale of land or property is financed over time, and title is transferred after the final payment.
Related Terms and Concepts
Owner Financing Agreement: Similar to a contract for deed, where the seller finances the purchase, but the deed may be transferred immediately or after full payment, depending on the agreement.
Lease with Option to Purchase: A slightly different arrangement where the buyer leases the property with the option to buy it later. In some cases, the lease payments may apply toward the purchase price.
Rent-to-Own Agreement: Similar to a lease with an option to purchase, where the buyer rents the property and has the opportunity to buy it later.
Recording a Release of Real Estate Contract form in Alabama is crucial for several reasons related to legal protection, transparency, and marketability of the property. Here's why it's important: Establishes a Clear Public Record:
Proof of Release: Recording the release form provides official proof that any claims, liens, or encumbrances on the property have been legally satisfied or removed. This includes releases from mortgages, liens, easements, or any other obligations tied to the property. Statute of Frauds (Section 8-9-2) This Alabama law requires certain contracts, including those involving the sale or transfer of real property (which would encompass a Release of Real Estate), to be in writing to be enforceable.
Transparency: By recording the release, the document becomes part of the public record, allowing anyone, including future buyers, lenders, or other interested parties, to verify that the property is no longer subject to the previous contract or lien.
Protects Against Future Claims: Prevents Disputes: Recording the release can prevent future legal disputes about whether the obligations or interests over the property have been released. Without a recorded release, the lien or interest might still appear valid, potentially leading to claims against the property.
Priority of Interests: Alabama follows the "race-notice" rule, meaning that the first party to record a document affecting a property typically has priority. Recording a release ensures that third parties are on notice that the property is free from the released interest. If not recorded, a subsequent claim or lien could take priority over the unrecorded release.
Protects the Property Owner’s Title: Clearing Title: A recorded release is essential for clearing the property’s title. Without the release, the previous lien, mortgage, or claim will still show up in title searches, potentially complicating the sale, refinancing, or transfer of the property.
Ensures Marketability: A clear title makes the property more marketable and easier to sell or transfer. Potential buyers and lenders will require a clean title before proceeding with any transaction, and recording the release ensures there are no outstanding issues.
Compliance with Alabama Law: Legal Requirement: Alabama law requires that certain documents affecting property, including releases of real estate contracts, be recorded to be enforceable against third parties. This requirement is found in Alabama Code § 35-4-50, which mandates that deeds, releases, and similar documents affecting real estate be recorded in the county where the property is located.
Avoids Penalties: Under Alabama Code § 35-10-30, a lender or party responsible for releasing a lien or mortgage must record a satisfaction or release within 30 days of the obligation being fulfilled. Failure to do so can result in financial penalties, ensuring compliance with the law is important for avoiding such consequences.
Facilitates Future Transactions: Smoother
Closings: A recorded release ensures that there are no surprises or delays during future real estate transactions, such as sales, refinances, or the issuance of new loans. Title companies, attorneys, and lenders rely on public records to confirm the status of a property, and the release must be recorded to reflect the property's true state.
Protects Buyers and Lenders: Ensures Good Faith Transactions: Recording the release protects the new buyer or lender from any outstanding claims against the property. It assures them that they are purchasing or lending on a property that is free and clear of prior encumbrances that have been released.
Avoids Future Legal Complications: If the release is not recorded, a buyer or lender may unknowingly acquire property with a clouded title, which can lead to legal complications, delayed transactions, or issues with obtaining financing.
Recording a Release of Real Estate Contract form in Alabama is essential to safeguard the property owner's interests, ensure transparency in the public record, comply with state law, and protect future buyers or lenders from potential claims. Recording laws are critical for real estate transactions in Alabama. To protect the parties' interests and establish priority, the release must be properly recorded.
Recording Statutes: Alabama law requires that all deeds, mortgages, and releases affecting real property must be recorded to be enforceable against third parties. The relevant provisions are found in: Section 35-4-50: Mandates recording of all written instruments affecting the title to land.
Section 35-4-90: Addresses the recording of releases specifically.
Alabama Uniform Real Property Electronic Recording Act (URPERA)
Section 35-4-121: Allows for the electronic recording of documents related to real estate transactions, including releases of real estate interests, in counties that have adopted electronic recording systems.Failing to record the release can result in title disputes, complications in future transactions, and potential legal or financial penalties.
Important: Your property must be located in Lee County to use these forms. Documents should be recorded at the office below.
This Full Release of Real Estate Contract meets all recording requirements specific to Lee County.
Our Promise
The documents you receive here will meet, or exceed, the Lee County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
Save Time and Money
Get your Lee County Full Release of Real Estate Contract form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.
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July 23rd, 2019
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