Bristol County Memorandum of Purchase and Sales Agreement Form

Additional Rhode Island and Bristol County documents included at no extra charge:

Where to Record Your Documents

---

Cities and Jurisdictions in Bristol County

Properties in any of these areas use Bristol County forms:

• Barrington
• Bristol
• Prudence Island
• Warren

---

A Rhode Island Memorandum of Purchase and Sale Agreement is a document that once recorded in the land records provides public notice of an existing purchase and sale agreement for real property without disclosing sensitive details like price or contingencies.
Purpose:
• Protects Buyer’s Interest: Notifies third parties (e.g., lenders, potential buyers) of the buyer’s contractual rights, preventing the seller from selling or encumbering the property.
• Privacy: Keeps the full purchase and sale agreement’s terms confidential.
• Facilitates Financing: Provides proof of a contract for lenders or title companies.

Common Scenarios:
• Delayed Closings: Used when closing is postponed (e.g., awaiting zoning, environmental approvals, or permits), common in commercial or development deals.
• Seller-Financed Sales/Purchase and Sales Agreements: Secures the buyer’s interest during installment payments before deed transfer.
• Option Agreements: Notifies others of a buyer’s option or right of first refusal.
• Investment Transactions: Protects the buyer’s stake before full payment or improvements.

Key Features
• Legal Authority: Recordable under R.I. Gen. Laws §34-13-1 and §34-13-2 as an instrument affecting title.
• Requirements: Must be written, signed, notarized, and include a property description. Recorded at the city/town clerk’s office.
• Limitations: Does not transfer title, create a lien, or trigger conveyance tax/residency affidavits.
• For use in Rhode Island only.

Important: Your property must be located in Bristol County to use these forms. Documents should be recorded at the county recording office listed above.

This Memorandum of Purchase and Sales Agreement meets all recording requirements specific to Bristol County.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable Bristol County recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

Save Time and Money

Get your Bristol County Memorandum of Purchase and Sales Agreement 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.

4.8 out of 5 - ( 4,793 Reviews )