In this form, the Buyer is assuming the indebtedness on a loan used to purchase a vehicle. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Conditional Agreement To Surrender
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How to fill out Conditional Sales Agreement Of Automobile Between Individuals And Assumption Of Outstanding Indebtedness?
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FAQ
Letter of surrender means a public letter accepted by the Board in which the licensee agrees to surrender the license to practice social work.
A deed of surrender is a legal document that transfers property ownership for a given time period provided certain conditions are met. A deed of surrender lets one party, such as a renter, relinquish his or her claims on a particular piece of property to a landlord or other party that holds the underlying title.
In common law, surrender is the term describing a situation where a tenant gives up possession of property held under a tenancy as a result of which the tenancy ends. A surrender differs from an eviction on the question of mutual agreement.
Also known as a surrender and acceptance agreement or a lease termination agreement. In a leasing context, an agreement between the landlord and the tenant canceling a lease agreement before the expiration date.