Kentucky - Mclean County Memorandum of Contract Forms

Included Forms

All Mclean County specific forms and documents listed below are included in your immediate download package:

Memorandum of a Contract Form - Mclean County

Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 1/31/2023

Memorandum Guidelines - Mclean County

Line by line guide explaining every blank on the form.
Included document last updated 3/21/2023

Completed Example of the Memorandum - Mclean County

Example of a properly completed form for reference.
Included document last updated 1/17/2023

Included Supplemental Documents

The Following Kentucky and Mclean County supplemental forms are included as a courtesy with your order.

Consideration Certificate (Kentucky Document)

Consideration Certificate Exemptions (Kentucky Document)

Transfer Tax Information & Exemptions (Kentucky Document)

Kentucky Statute 132.810 Homestead exemption -- Application -- Qualification. (Kentucky Document)

Application for Exemption (Kentucky Document)

Frequently Asked Questions:

• How long does it take to get my forms?
  • Forms are available immediately after submitting payment.
• What are supplemental forms?
  • Often when a deed is recorded additional documents are required by Kentucky or Mclean County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.
• How do I get my forms, are they emailed?
  • After you submit payment you will see a page listing the Mclean County forms you ordered with a download link to the pdf form file. You download the forms to your computer. You will also receive an email with a link to your download page in case you need it later.
• What type of files are the forms?
  • All of our Mclean County Memorandum of Contract forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.
• Can the Memorandum of Contract forms be re-used?
  • Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Mclean County that you need to transfer you would only need to order our forms once for all of your properties in Mclean County.
• Are these forms guaranteed to be recordable in Mclean County ?
  • Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Mclean County including margin requirements, content requirements, font and font size requirements.
• Do I have to enter all of my property information online?
  • No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.
• Can I save the completed form, email it to someone?
  • Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.
• Do I need any special software to use these forms?
  • You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.
• Are there any recurring fees involved?
  • No. Nothing to cancel, no memberships, no recurring fees.

Areas covered by these Memorandum of Contract Forms:

• Mclean County

Including:

• Beech Grove
• Calhoun
• Island
• Livermore
• Rumsey
• Sacramento

What is the Kentucky Memorandum of Contract?

This form serves as notice that the Seller has agreed to sell, and Buyer has agreed to buy a specific property. Record this instrument when a Contract for Deed, Land Contract or Buy-Sell Purchase Agreement has been completed. This is done for a variety of reasons.

When parties want the details of a contract to be kept private.

When the Seller doesn't record the original Contract, very important for the Buyer to record a Memorandum of Contract. It serves as notice that the buyer is in fact purchasing the property, providing protection from further liens or encumbrances being placed on the property by the Seller. Memorandums are frequently recorded by buyers alone.

When owner financing is involved, and a buyer needs to finance property at a later point in time, a Lending Institution will most likely require a recorded Memorandum document. Further, banks like to see a history of payments, at least 12 months, often referred to as "Seasoning" a recorded Memorandum proves the subject property was under contract at a specific time.

For use in Kentucky Only.

Our Promise

The documents you receive here will meet, or exceed, the Mclean 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 Mclean County Memorandum of 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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