Cecil County Release of Memorandum of Land Installment Contract Form

Cecil County Release of Memorandum of Land Installment Contract Form
Fill in the blank Release of Memorandum of Land Installment Contract form formatted to comply with all Maryland recording and content requirements.

Cecil County Release of Memorandum of Land Installment Contract Guide
Line by line guide explaining every blank on the Release of Memorandum of Land Installment Contract form.

Cecil County Completed Example of the Release of Memorandum of Land Installment Contract Document
Example of a properly completed Maryland Release of Memorandum of Land Installment Contract document for reference.
All 3 documents above included • One-time purchase • No recurring fees
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Additional Maryland and Cecil County documents included at no extra charge:
Where to Record Your Documents
Circuit Court Clerk's Office
Elkton, Maryland 21921
Hours: 8:30 to 4:30 M-F
Phone: 410-996-5375
Recording Tips for Cecil County:
- Avoid the last business day of the month when possible
- Ask about their eRecording option for future transactions
- Leave recording info boxes blank - the office fills these
Cities and Jurisdictions in Cecil County
Properties in any of these areas use Cecil County forms:
- Cecilton
- Charlestown
- Chesapeake City
- Childs
- Colora
- Conowingo
- Earleville
- Elk Mills
- Elkton
- Georgetown
- North East
- Perry Point
- Perryville
- Port Deposit
- Rising Sun
- Warwick
Hours, fees, requirements, and more for Cecil County
How do I get my forms?
Forms are available for immediate download after payment. The Cecil County forms will be in your account ready to download to your computer. An account is created for you during checkout if you don't have one. Forms are NOT emailed.
Are these forms guaranteed to be recordable in Cecil County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Cecil County including margin requirements, content requirements, font and font size requirements.
Can I reuse these forms?
Yes. You can reuse the forms for your personal use. For example, if you have multiple properties in Cecil County you only need to order once.
What do I need to use these forms?
The forms are PDFs that you fill out on your computer. You'll need Adobe Reader (free software that most computers already have). You do NOT enter your property information online - you download the blank forms and complete them privately on your own computer.
Are there any recurring fees?
No. This is a one-time purchase. Nothing to cancel, no memberships, no recurring fees.
How much does it cost to record in Cecil County?
Recording fees in Cecil County vary. Contact the recorder's office at 410-996-5375 for current fees.
Questions answered? Let's get started!
Recording a Release of a Memorandum of Land Installment Contract has important legal and practical effects on both the seller (vendor) and the buyer (purchaser). It signifies the termination or satisfaction of the land installment contract, and by recording the release, it provides public notice that the agreement is no longer in effect. Here’s how it impacts both parties:
Impact on the Seller (Vendor):
1. Clear Title: Recording a release removes the cloud on the title created by the original land installment contract or its memorandum. This means the seller can regain full legal ownership and control of the property without the buyer's interest being an encumbrance.
Future Transactions: After the release is recorded, the seller is free to sell, transfer, or refinance the property without concern about the installment contract being on record.
2. Liability Reduction: Once the release is recorded, the seller is typically released from obligations under the land installment contract. This includes any obligations to deliver the property to the buyer, provided all terms of the contract (such as payment) have been fulfilled or the contract has been canceled or satisfied.
3. Finalizing the Transaction: If the land installment contract has been satisfied (e.g., the buyer has made all payments), recording the release formalizes the end of the seller's involvement with the property and the buyer.
Impact on the Buyer (Purchaser):
1. End of Buyer’s Interest: Once the release is recorded, the buyer no longer holds any recorded interest or claim in the property. The buyer's right to acquire the property under the terms of the installment contract is terminated or satisfied, depending on the circumstances. If the contract was canceled or defaulted upon, the buyer's claim to the property is extinguished.
If the contract was fully satisfied, the buyer may now own the property outright (in which case the deed to the property would also be recorded).
2. Public Notice: Recording the release ensures that any third parties (like lenders, creditors, or potential buyers) are aware that the buyer no longer has an interest in the property. This is important for preventing disputes or misunderstandings in future transactions involving the property.
3. Obligation Relief: Once the release is recorded, the buyer is no longer obligated to make payments under the installment contract, and their liability under the agreement ends, assuming it has been satisfied or legally terminated.
Other Considerations:
Satisfaction of the Contract: If the buyer has fully satisfied the terms of the land installment contract (typically by making all payments), the release could signify the transfer of full legal ownership to the buyer. In such cases, the release would be recorded alongside a deed conveying ownership to the buyer.
Default or Termination: If the buyer defaults on the contract or both parties agree to terminate it, the release reflects the termination of the agreement. The buyer no longer has rights to the property, and the seller can take full control or re-sell it.
Public Record: By recording the release, it becomes part of the public land records, creating a clear chain of title and ensuring that future purchasers, lenders, or interested parties know that the land installment contract is no longer in effect.
Key Sections of Maryland Law:
Maryland Real Property Code, Section 3-101: This section governs the general requirements for the recordation of documents affecting real property, including the release of memoranda or other recorded interests.
Maryland Real Property Code, Section 3-105: This section addresses the priority of recorded documents and the effect of recording a release, ensuring that future buyers or parties are aware that the land installment contract is no longer in effect.
Important: Your property must be located in Cecil County to use these forms. Documents should be recorded at the office below.
This Release of Memorandum of Land Installment Contract meets all recording requirements specific to Cecil County.
Our Promise
The documents you receive here will meet, or exceed, the Cecil 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 Cecil County Release of Memorandum of Land Installment 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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January 25th, 2019
The pdf form is good; however, the input boxes merge into the line above so the text is hard to read when complete. I added a return before entering my data and this solved the problem.
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