Derivation Clause Example For Contract
Description
How to fill out Tennessee Sample Deed Of Trust?
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FAQ
For example, if John sells his property to Jane, the derivation clause in the deed of trust would state that John was the previous grantor and the recording date of the deed. This information is important for future reference and to ensure that the title is clear and free of any encumbrances.
Derivation clause is recorded on all Deeds and Mortgages. This clause must include the Grantor and Grantee names as well as the Book and Page indexing of the last recorded vesting deed. If you are recording a Deed and a Mortgage, the clause on the mortgage may state ?Recorded Simultaneously Herewith?.
A Tennessee deed must include a derivation clause identifying the deed or other instrument that is the source of the current owner's title. If the current owner received the property through a recorded deed, the derivation clause must identify the type of deed, book and page number, and recording office.
South Carolina deeds must include a derivation clause. A derivation clause is a statement identifying the source of the current owner's title to the real estate?typically the prior deed or probate estate through which the current owner acquired the property.