Iowa Full Release of Memorandum of Contract

Name: Iowa Full Release of Memorandum of Contract
Brand: Deeds.com
SKU: 1737562011P483561
Price: 27.97 USD
Availability: InStock
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County Specific Legal Forms Validated as recently as April 28, 2026 by our Forms Development Team

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About the Iowa Full Release of Memorandum of Contract

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How to Use This Form

Select your county from the list on the left
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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Iowa Code Section 558: Conveyances
Iowa Code Chapter 558, titled "Conveyances," provides the general framework for the recording of real estate documents, including contracts, memoranda, and their releases. The key provisions relevant to releasing a memorandum of contract include the following:

Iowa Code Section 558.46 - Mandatory Recording of Installment Sales Contracts:

This section governs the recording of installment sales contracts for residential real estate, as well as the option to record a memorandum of contract instead of the full contract.

Once the contract is satisfied, either the seller or the buyer may record a release of the memorandum to indicate that the installment sales contract is no longer in effect, either due to the contract being fulfilled or mutually terminated.

The release of the memorandum must be recorded with the county recorder’s office where the original memorandum was recorded. This clears the record of the buyer's interest in the property.

Purpose of the Release:
Clear Title: Recording a release of the memorandum ensures that there are no lingering claims or interests related to the installment contract. This is important if the property is to be sold or refinanced in the future.

Fulfilling Obligations: Once the installment payments are completed and the contract terms are satisfied, the seller has an obligation to release the buyer from the contract and to remove any encumbrances from the public record.

Legal Protection: Recording a release protects both parties from future disputes regarding ownership or interest in the property.
Practical Example:

Example: A buyer has completed all installment payments under a contract for deed with the seller. The original contract was recorded via a memorandum of contract. Once the final payment is made, the seller is responsible for preparing and recording a release of the memorandum to indicate that the buyer has fulfilled all obligations under the contract and now holds clear title to the property.

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

What Others Like You Are Saying

— Sylvia H.

"Deeds.com really made the process of completing and submitting the Lien application easy. Thank you,…"

— Lori G.

"thank you for all your help and patience. I would highly recommend Deeds.com to everyone. Sincerely,…"

— Bonnie B.

"Very easy process for both quit claim and beneficiary deed forms and explanations.. also gives an ex…"

— James C.

"An excellent resource for users."

— Michael S.

"Great product and service. So convenient."

Common Uses for Full Release of Memorandum of Contract

Document a private real estate sale without bank involvement
Document the terms of a private real estate sale between buyer and seller
Formalize an existing informal land purchase agreement
Assign a seller's interest in a land contract to a new party
Establish the terms of a real estate transaction before closing
Release the seller's interest in a property after the buyer pays in full
Clear title after a contract for deed has been fulfilled

Compare other Iowa deed forms and documents

Quitclaim Deed Gift Deed Warranty Deed Special Warranty Deed Grant Deed Correction Deed Easement Deed Termination, Cancellation of Easement / Right of Way Affidavit of Surviving Joint Tenant Trustee Warranty Deed Court Officer Deed Affidavit of Individual Trustee Affidavit of Corporate Trustee Purchaser Affidavit Mineral Deed Mineral Deed with Quitclaim Covenants Real Estate Mortgage and Promissory Note Release of Real Estate Mortgage Assignment of Real Estate Mortgage Real Estate Contract-Installments Full Release of Real Estate Contract Memorandum of Contract General Power of Attorney Limited Power of Attorney for the Purchase of Real Property Limited Power of Attorney for the Sale of Real Property Disclaimer of Interest Certificate of Trust Contractor Notice to Owner Claim of Mechanics Lien Verified Statement of Account Notice to Primary Contractor Subcontractor Notice to Owner Subcontractor Claim of Mechanics Lien Certificate of Satisfaction Conditional Lien Waiver upon Progress Payment Unconditional Waiver upon Progress Payment Conditional Lien Waiver on Final Payment Unconditional Waiver on Final Payment

Important: County-Specific Forms

Our full release of memorandum of contract forms are specifically formatted for each county in Iowa.

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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