Lake County Full Discharge of Memorandum of Contract Form
Lake County Full Discharge of Memorandum of Contract Form
Fill in the blank Full Discharge of Memorandum of Contract form formatted to comply with all Michigan recording and content requirements.
Lake County Full Discharge of Memorandum of Contract Guide
Line by line guide explaining every blank on the Full Discharge of Memorandum of Contract form.
Lake County Completed Example of the Full Discharge of Memorandum of Contract Document
Example of a properly completed Michigan Full Discharge of Memorandum of Contract document for reference.
All 3 documents above included • One-time purchase • No recurring fees
Immediate Download • Secure Checkout
Additional Michigan and Lake County documents included at no extra charge:
Where to Record Your Documents
Lake County Register of Deeds
Baldwin, Michigan 49304
Hours: 8:30 to 5:00 M-F
Phone: (231) 745-4641
Recording Tips for Lake County:
- Check that your notary's commission hasn't expired
- Both spouses typically need to sign if property is jointly owned
- Leave recording info boxes blank - the office fills these
- Check margin requirements - usually 1-2 inches at top
Cities and Jurisdictions in Lake County
Properties in any of these areas use Lake County forms:
- Baldwin
- Chase
- Idlewild
- Irons
- Luther
Hours, fees, requirements, and more for Lake County
How do I get my forms?
Forms are available for immediate download after payment. The Lake 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 Lake County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Lake 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 Lake 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 Lake County?
Recording fees in Lake County vary. Contact the recorder's office at (231) 745-4641 for current fees.
Questions answered? Let's get started!
Michigan statute MCL 565.361 governs the release of a Memorandum of Contract related to land contracts, mortgages, or security assignments.
Here's how it affects the release: If a party has fully fulfilled its obligations under a land contract (e.g., the buyer has paid in full), the seller must execute a conveyance of land or provide a release of security interests.
Requirement to Provide a Release or Discharge: When a land contract mortgage or security assignment is fully satisfied, the party holding the interest (usually the seller or lender) must provide a discharge or release.
Failure or Refusal to Provide a Release: If a party fails or refuses to execute the required release or discharge after full payment, they may be subject to legal penalties and enforcement actions.
Marketability of Title: The statute ensures that once obligations are met and the necessary releases are executed, the property’s title is marketable, meaning it can be freely transferred or sold.
Enforcement & Penalties: If a seller or lender wrongfully withholds a release, the buyer or borrower can seek enforcement through legal action.
Subordination to Other Interests: The statute clarifies that certain real estate interests may take priority over a land contract, affecting the order of enforcement.
Effect on the Release of a Memorandum of Contract: A Memorandum of Contract is often recorded in place of a full land contract to put the public on notice of an agreement. When obligations are fulfilled, this statute requires the release of such a memorandum to clear the title.
Failure to release the memorandum after obligations are satisfied could lead to legal action and possible penalties under this law.
Important: Your property must be located in Lake County to use these forms. Documents should be recorded at the office below.
This Full Discharge of Memorandum of Contract meets all recording requirements specific to Lake County.
Our Promise
The documents you receive here will meet, or exceed, the Lake 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 Lake County Full Discharge of 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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