Covington County Full Release of Memorandum and Notice of Agreement Form (Alabama)

The following Alabama and Covington County supplemental forms are included as a courtesy with your order:

When using these Full Release of Memorandum and Notice of Agreement forms, the subject real estate must be physically located in Covington County. The executed documents should then be recorded in the following office:

Local jurisdictions located in Covington County include:

• Andalusia
• Florala
• Gantt
• Lockhart
• Opp
• Red Level
• River Falls
• Wing

A Release of Memorandum of Contract (or Release of Memorandum of Purchase Agreement) can be executed by Buyers and Sellers and is typically executed by the seller to formally cancel or release the notice of a purchase agreement that has been recorded in the public records. Here are the key reasons why a seller should execute a Release of Memorandum of Contract:

1. Clearing Title for Future Sales When a Memorandum of Purchase Agreement is recorded in the public records, it creates a cloud on the title, which could prevent the seller from selling the property to another buyer or refinancing it. If the original purchase agreement is terminated (due to failure to close, breach of contract, or mutual cancellation), executing a release is necessary to remove any claims or encumbrances tied to that agreement. Without a release, the public record would still show that the property is under contract, potentially causing future buyers or title companies to hesitate in moving forward with another sale.

2. Preventing Future Legal Disputes Failing to execute a release of the memorandum could lead to legal disputes if a buyer claims they still have an interest in the property. By executing a release, the seller clearly indicates that the previous agreement has been canceled or fulfilled, preventing any future claims by the buyer under that contract. Often the buyer requests a release when the subject contract is fulfilled, allowing them to refinance or sell.

Our Promise

The documents you receive here will meet, or exceed, the Covington 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 Covington County Full Release of Memorandum and Notice of 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 - ( 4434 Reviews )