Why Release a Memorandum of Contract for Deed?
1. To Clear Title
A recorded memorandum puts the world on notice that there’s an outstanding installment contract on the property.
Until it’s released, the title shows a cloud, which prevents the buyer or seller from refinancing, selling, or transferring clean ownership.

2. To Protect the Buyer
Once the buyer has paid off the contract, the release ensures their equitable title becomes full, clear record ownership.

3. To Protect the Seller
If the contract is canceled (for example, buyer default and repossession), the seller needs the release recorded so that public records no longer show an encumbrance that isn’t valid.

4. To Avoid Liability
Oklahoma law requires the releasing party (usually the seller) to record a release within 50 days of payoff once requested in writing.
Failing to release can make the seller liable for $100 per day until the release is recorded.

When Should It Be Released?
After Buyer Completes Payments
When the buyer finishes all payments under the contract, the seller must execute and record a release (similar to a mortgage satisfaction).
Upon Cancellation or Termination
If the contract is canceled (e.g., by mutual agreement, forfeiture, or default), a release should be recorded so the record no longer shows the memorandum.
When Refinancing or Selling
If the buyer is paying off the balance with a new loan, the lender will require the memorandum to be released to ensure clean title.

Practical Example
Buyer pays off a 10-year contract for deed. The seller must sign and record a release document in the county clerk’s office to remove the memorandum.
Buyer defaults after 3 years. The seller cancels the contract and records a release to remove the buyer’s interest from the record.
No release filed. Title companies will treat the memorandum as a cloud on title — the property can’t be sold or refinanced until cleared.

A Memorandum of Contract for Deed should be released whenever the contract is fully paid, canceled, or otherwise terminated, because it exists only to give public notice that the contract is active. Once it’s no longer active, the release clears the record and protects both parties.

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 Full Release of Memorandum of Contract for Deed

Release a land contract from public record after the buyer completes all payments
Record a memorandum to protect the buyer's equitable interest
Create an installment sale agreement for vacant land
Release a previously recorded affidavit of equitable interest
Sell a family property with flexible payment arrangements
Establish a contract for deed for commercial property
Establish a buyer's equitable interest in a property under contract

Compare other Oklahoma deed forms and documents

Quitclaim Deed Gift Deed Warranty Deed Special Warranty Deed Grant Deed Correction Deed Easement Deed Termination of Easement Mortgage and Promissory Note Full Release and Discharge of Mortgage Contract for Deed Memorandum of Contract for Deed Transfer on Death Deed Transfer on Death Revocation Transfer on Death Affidavit of Acceptance Affidavit of Surviving Joint Tenant Trustee Deed Personal Representative Deed Power of Sale Personal Representative Deed of Distribution Personal Representative Deed of Sale Preliminary Notice Claim of Mechanics Lien Affidavit of Cancellation of Lien Notice of Bond to Discharge Lien Release of Mechanic Lien Request for Waiver of Lien Mechanics Lien Waiver Request for List Disclaimer of Interest Memorandum of Trust Lis Pendens - Notice of Pending Suit Mineral Deed Mineral Deed with Quitclaim Covenants

Important: County-Specific Forms

Our full release of memorandum of contract for deed forms are specifically formatted for each county in Oklahoma.

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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