When is this document used?
When a property is sold, and a Contract for the Sale and Purchase of Real Property (often called a Land Contract or Buy-Sell Agreement), has been executed by both parties this Memorandum document is often recorded in the county where the subject property is located instead of the actual Contract. Stating - Seller has agreed to sell, and Buyer has agreed to buy, the Property upon the terms and conditions set forth in the Contract.

Why a Memorandum of Contract?
Privacy - When parties want to keep financial details of a Contract for the Sale and Purchase of Real Property private, a Memorandum is recorded.

Notice - puts the world on notice that a Contract between buyer and seller exists on a specific property.

Legal - legal binding agreement between buyer and seller concerning the property in question.

Protection - Often filed by buyers alone, after a contract has been executed, preventing loans or encumbrances being placed on the property by existing Deed holder. Encumbrances have been placed on properties even though the Contract states they can't. This can be devastating for a buyer who has made payments. A Memorandum is an effective instrument to prevent this. In short, either the Contract or Memorandum of Contract should be recorded for your protection.

Seller Financing - When the buyer chooses or is obligated to obtain bank financing a Memorandum legitimizes the purchase agreement, providing proof to the bank that a deal was in place. Most banks will require that the Contract or Memorandum be recorded before they will finance the property in question.

(Mississippi MOC Package includes form, guidelines, and completed example) For use in Mississippi 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

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Common Uses for Memorandum of Contract

Document the terms of a private real estate sale between buyer and seller
Establish the terms of a real estate transaction before closing
Sell property to a buyer who does not qualify for traditional financing
Remove a recorded land contract lien after final payment
Release a land contract from public record after the buyer completes all payments

Compare other Mississippi deed forms and documents

Quitclaim Deed Quitclaim Deed Reserving Life Estate Gift Deed Warranty Deed Warranty Deed Reserving Life Estate Special Warranty Deed Grant Deed Correction Deed Easement Deed Termination of Easement Trustee Deed for Inter Vivos Trust Revocable Transfer on Death Deed Revocation of Transfer on Death Deed Executor Deed Administrator Deed Mineral Deed Mineral Deed with Quitclaim Covenants General Durable Power of Attorney Specific Power of Attorney for the Purchase of Property Specific Power of Attorney for the Sale of Property Deed of Trust and Promissory Note Assignment of Deed of Trust Release of Deed of Trust Substitution of Trustee Trustee Deed for Sale of Foreclosed Property Assignment of Leases and Rents Authority to Cancel Assignment of Leases and Rents Contract for the Sale and Purchase Of Real Property Full Release of Memorandum of Contract Disclaimer of Interest Certificate of Trust Lis Pendens Release of Lis Pendens

Important: County-Specific Forms

Our memorandum of contract forms are specifically formatted for each county in Mississippi.

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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