Tenn. Code § 66-30-106

Current through Acts 2023-2024, ch. 1069

Section 66-30-106 - Incorporation of agreement in instrument of transfer

A ground rent agreement, made pursuant to this chapter, may be incorporated into the deed, ground lease, or other instrument of transfer in the following form:

This deed is subject to annual ground rent or charge as follows:

1. Date of agreement;

2. Parties:

Obligor ______________

Obligee ______________;

3. Ground rent and any future adjustments to it;

4. When payable;

5. Duration;

6. Redemption price, if agreed on.

T.C.A. § 66-30-106

Acts 1980, ch. 735, § 1; T.C.A., § 64-3006.