Termination Easement Agreement With Tenant

State:
Multi-State
Control #:
US-00993BG
Format:
Word; 
Rich Text
Instant download

Description

The Termination Easement Agreement with Tenant serves as a legal document that facilitates the formal ending of an easement granted by a property owner (Releasor) to another party (Releasee). This agreement outlines crucial details including the parties involved, the date of the original easement, and the specific nature and scope of the easement being terminated. Key features of the form include a space to define the legal description of the property, the amount of consideration exchanged for the termination, and the requirement for notarization. Filling out this form involves clearly stating the parties' information, describing the easement, specifying the compensation amount, and ensuring proper witness and notarization for validation. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to formally end an easement while protecting their clients' interests. This form is essential in real estate transactions where an easement may no longer be necessary or beneficial, ensuring that all parties acknowledge the termination legally.
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FAQ

The Tennessee State Library and Archives has microfilmed copies of older deeds for every county in Tennessee. The deeds records are arranged by the name of the seller/buyer (grantor/grantee).

If sold, the owner of the mortgage at the time of the final payment is responsible for completing the satisfaction of mortgage documentation.

A deed of reconveyance, also known as a satisfaction of mortgage, is a document that proves you've paid off your mortgage. The deed of reconveyance releases the lien the mortgage lender placed on your property. You'll need this document to prove a clear title when you sell your home.

In addition the following information should be included: The Payee Name. The Owner(s) of the mortgage holder. Total amount of mortgage. Mortgage date of execution. Full and legal description of the property to include tax parcel number. Acknowledgement that all payments have been made in full.

Satisfaction of Mortgage Timeline There are multiple steps to obtain a satisfaction of mortgage. The length of the overall process varies from state to state due to local laws. However, it generally takes around 30 days and most states give lenders fewer than 90 days to complete the document.

A satisfaction of mortgage is a signed document confirming that the borrower has paid off the mortgage in full and that the mortgage is no longer a lien on the property.

If the satisfaction isn't recorded within a minimum of 60 days, they may incur penalties and be held liable for damages and attorney's fees.

The Register of Deeds files certain legal documents mainly pertaining to or affecting real estate and provides public access to these records.

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Termination Easement Agreement With Tenant