A Release of Memorandum of Contract (or Release of Memorandum of Purchase Agreement) can be executed by Buyers and Sellers and is typically executed by the seller to formally cancel or release the notice of a purchase agreement that has been recorded in the public records. Here are the key reasons why a seller should execute a Release of Memorandum of Contract:

1. Clearing Title for Future Sales When a Memorandum of Purchase Agreement is recorded in the public records, it creates a cloud on the title, which could prevent the seller from selling the property to another buyer or refinancing it. If the original purchase agreement is terminated (due to failure to close, breach of contract, or mutual cancellation), executing a release is necessary to remove any claims or encumbrances tied to that agreement. Without a release, the public record would still show that the property is under contract, potentially causing future buyers or title companies to hesitate in moving forward with another sale.

2. Preventing Future Legal Disputes Failing to execute a release of the memorandum could lead to legal disputes if a buyer claims they still have an interest in the property. By executing a release, the seller clearly indicates that the previous agreement has been canceled or fulfilled, preventing any future claims by the buyer under that contract. Often the buyer requests a release when the subject contract is fulfilled, allowing them to refinance or sell.

For use in Arizona only.

How to Use This Form

Select your county from the list above
Download the county-specific form
Fill in the required information
Have the document notarized if required
Record with your county recorder's office

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Common Uses for Full Release of Memorandum And Notice of Agreement

Structure a property sale with a down payment and monthly terms
Provide public notice of a land contract to protect the buyer
Record a memorandum to protect the buyer's equitable interest
Sell property to a buyer who does not qualify for traditional financing
Protect a buyer's interest in a property during installment payments
Establish the terms of a seller-financed real estate sale
Release a previously recorded affidavit of equitable interest

Compare other Arizona deed forms and documents

Quitclaim Deed Quitclaim Deed Condominium Gift Deed Warranty Deed Warranty Deed Condominium Special Warranty Deed Grant Deed Grant Deed Condominium Correction Deed Easement Deed Termination, Cancellation of Easement / Right of Way Beneficiary Deed Revocation of Beneficiary Deed Affidavit of Death Affidavit of Surviving Joint Tenant Affidavit of Succession to Interest in Community Property with Right of Survivorship Durable Power of Attorney Special Durable Power of Attorney Revocation of Power of Attorney Mineral Deed Mineral Quitclaim Deed Contract for Deed Full Release of Real Estate Contract Memorandum and Notice of Agreement Deed of Trust Assignment of Deed of Trust Deed of Release and Reconveyance Deed of Partial Release and Partial Reconveyance Trustee Deed Trustee Deed Foreclosure Affidavit of Successor Trustee Personal Representative Deed Affidavit of Disclosure Disclaimer of Interest Certificate of Trust Mechanics Lien Written Request for Information Preliminary Notice of Mechanics Lien Notice and Claim of Mechanics Lien Notice of Intent to Suspend Work Work Stop Notice Unconditional Lien Waiver on Progress Payment Conditional Lien Waiver on Progress Payment Notice of Completion Unconditional Waiver upon Final Payment Conditional Lien Waiver on Final Payment Authority to Cancel Notice of Claim of Lien Lis Pendens Lis Pendens Probate Lis Pendens Release

Important: County-Specific Forms

Our full release of memorandum and notice of agreement forms are specifically formatted for each county in Arizona.

After selecting your county, you'll receive forms that meet all local recording requirements, ensuring your documents will be accepted without delays or rejection fees.

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