Gila County Full Release of Memorandum And Notice of Agreement Form

Additional Arizona and Gila County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Gila County

Properties in any of these areas use Gila County forms:

• Claypool
• Globe
• Hayden
• Miami
• Payson
• Peridot
• Pine
• Roosevelt
• San Carlos
• Tonto Basin
• Winkelman
• Young

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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.

Important: Your property must be located in Gila County to use these forms. Documents should be recorded at the office below.

This Full Release of Memorandum And Notice of Agreement meets all recording requirements specific to Gila County.

Our Promise

The documents you receive here will meet, or exceed, the Gila County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

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Get your Gila County Full Release of Memorandum And Notice of Agreement 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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