Maine Full Release of Memorandum of a Land Installment Contract
County Specific Legal Forms Validated as recently as March 30, 2026 by our Forms Development Team
About the Maine Full Release of Memorandum of a Land Installment Contract
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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To release a "Memorandum of a Land Installment Contract" recorded under Maine Statute 482, the process typically involves the following steps:
1. Completion of the Contract or Termination:
The memorandum can be released once the underlying land installment contract has been fully performed (i.e., the purchaser has paid off the full purchase price) or if the contract is terminated for some reason (e.g., mutual agreement, breach, or default).
2. Prepare a Release Document:
A release document should be drafted, often titled "Release of Memorandum of Land Installment Contract." This document should include:
Reference to the original recorded memorandum, including the date of recording, document number, or book and page number where the memorandum was recorded.
A statement that the underlying land installment contract has been fulfilled, satisfied, or terminated.
A description of the property that was the subject of the land installment contract.
The names of the vendor and purchaser, consistent with the original memorandum.
Signatures of the vendor (and purchaser if applicable) acknowledging the release.
3. Signatures and Notarization:
The release should be signed by the party(ies) authorized to release the memorandum—typically the vendor and, in some cases, the purchaser.
The signatures must be notarized to verify their authenticity.
4. Record the Release:
The signed and notarized release must be recorded in the same registry of deeds where the original memorandum was recorded. This ensures that the public record reflects that the land installment contract has been discharged or released.
For use in Maine 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
What Others Like You Are Saying
"The deed form I downloaded was easy to use and just what i needed."
"Thank You, Job well done. So nice not to have to leave house and drive all over to record these docu…"
"Fast and convenient."
"Awesome service! 4 services wouldn't handle a 1-time filing, but Deeds.com got the job done in less …"
"Thank you so much for making this process seemless. We are very pleased with the service."
Common Uses for Full Release of Memorandum of a Land Installment Contract
- Assign a land contract to a new investor or purchaser
- Provide public notice that a buyer holds an equitable interest in real property
- Establish a contract for deed for commercial property
- Establish the terms of a seller-financed real estate sale
- Create an installment sale agreement for vacant land
Compare other Maine deed forms and documents
Important: County-Specific Forms
Our full release of memorandum of a land installment contract forms are specifically formatted for each county in Maine.
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.