Memorandum of Land Contract - Michigan

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Land contracts are common in Michigan. Recording a memorandum gives public notice of the buyer’s interest, protecting the buyer against later liens and sales by the seller, without recording the full contract. Land contracts are common in Michigan. Recording a memorandum gives public notice of the buyer’s interest, protecting the buyer against later liens and sales by the seller, without recording the full contract.

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Who this form is for

Land contracts are common in Michigan. Recording a memorandum gives public notice of the buyer’s interest, protecting the buyer against later liens and sales by the seller, without recording the full contract.

What you'll need

Read the packet and check the receiving agency's required form.
Gather the names, dates and supporting records requested in the document.
Review the packet's signing, identification and witness instructions.

How to complete it

Drafted by and return to (top of Page 1) Enter who drafted the document and where the Register of Deeds should return it. Leave the space above the dotted line blank.
Both sign before a notary (Page 3) Bring a current, government-issued photo ID.
Record the original with the Register of Deeds of the county where the property is located.
Transfer tax on a land contract is generally paid when the deed is recorded at payoff. A Property Transfer Affidavit is due within 45 days.

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These forms are a free convenience, not legal advice. First Choice Mobile Notary & Apostille is not a law firm. Consult an attorney licensed in the relevant state for legal questions.

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