A Memorandum of Contract for Deed is typically recorded to provide public notice of a buyer’s equitable interest in real property under an installment sale arrangement. Once the underlying contract is satisfied, terminated, or otherwise no longer in effect, it is essential to release the memorandum of record.

Common reasons to release a Memorandum of Contract for Deed in South Dakota:

1. The contract has been fully performed, and the deed has been delivered and recorded.

2. The contract has expired without full performance.

3. The contract has been canceled or terminated, whether by mutual agreement or default.

4. The memorandum was recorded in error or relates to an offer that has been withdrawn.

Why release is required:
Failure to record a release may result in a “cloud on title,” hindering the seller or buyer from subsequently selling, refinancing, or insuring the property, as the memorandum constitutes a recorded claim against the property.

For use in South Dakota 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 Full Release of Memorandum of Contract for Deed

Purchase property through an installment payment agreement
Record a memorandum to protect the buyer's equitable interest
Sell property to a buyer who does not qualify for traditional financing
Memorialize a contract for deed in the county records
Release a previously recorded affidavit of equitable interest
Sell property with seller financing instead of a traditional mortgage
Clear title after a contract for deed has been fulfilled

Compare other South Dakota deed forms and documents

Quitclaim Deed Gift Deed Warranty Deed Special Warranty Deed Grant Deed Correction Deed Easement Deed Termination of Easement Notice of Lis Pendens Certificate of Discharge of Notice of Lis Pendens Mortgage Security Agreement and Promissory Note Satisfaction of Mortgage Assignment of Mortgage Contract for Deed Memorandum of Contract for Deed Mineral Deed Mineral Quitclaim Deed Transfer on Death Deed Transfer on Death Revocation Transfer on Death Affidavit Affidavit of Deceased Joint Tenant Personal Representative Deed of Distribution Personal Representative Deed of Sale Trustee Deed Certificate of Trust Disclaimer of Interest

Important: County-Specific Forms

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

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.

Back to South Dakota Forms