Maryland Consent to Easement by Mortgagee Or Beneficiary in Deed of Trust

State:
Multi-State
Control #:
US-OG-309
Format:
Word; 
Rich Text
Instant download

Description

This form is used when a Consenting Party consents to Owner granting an Easement and Right of Way to the extent necessary to allow aGrantee in an Easement the right to make full use of the Easement and Right of Way granted, and the surface of the lands included in the Easement and Right of Way.

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FAQ

In Maryland, an easement is a non-possessory interest in the real property of another that can arise either by express grant or implication. (Clickner v. Magothy River Ass'n). Maryland easements are a species of servitude.

In Maryland, real estate can be transferred via a TOD deed, also known as a beneficiary deed. This deed allows a property owner to designate a beneficiary who will automatically inherit the property upon the owner's death, avoiding probate.

To add a name to a deed in Maryland, you must prepare a new deed that includes both the current owner's name and the new owner's name. The current owner is the grantor, and the new owner is the grantee. The new deed should include a legal description of the property.

In Maryland, you can make a living trust to avoid probate for virtually any asset you own?real estate, bank accounts, vehicles, and so on. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee). Avoiding Probate in Maryland - Nolo Nolo ? legal-encyclopedia ? marylan... Nolo ? legal-encyclopedia ? marylan...

A Maryland deed is used to transfer ownership in real estate from one person (usually called the grantor, or seller) to another (usually called the grantee, or buyer). In Maryland a deed must include the name of the grantor and the grantee, the consideration paid for the property. Maryland Deed Forms - eForms eforms.com ? deeds eforms.com ? deeds

Deeds of trust and mortgages are both acceptable under Maryland law, however, deeds of trust are used in almost every residential transaction. Under Maryland Real Property §7-105 and Maryland Rule 14-214(b)(2), corporate trustees may not exercise the power of sale.

Non-Probate Maryland Inheritances Any property in a living trust. Life insurance policies. 401(k)s, IRAs, other retirement accounts. Securities in transfer-on-death accounts. Pay-on-death bank accounts. Joint tenancy real property. Tenancy by the entirety. Maryland Inheritance Laws: What You Should Know - SmartAsset smartasset.com ? financial-advisor ? maryland-inh... smartasset.com ? financial-advisor ? maryland-inh...

Certificate of Preparation Individuals not licensed to practice law in this state may not prepare a deed for anyone else. A Certificate of Preparation attests that the document was prepared by an attorney licensed to practice law in the State of Maryland. Real Estate and Maryland Deed Lawyer - Arden Law Firm ardenlawfirm.com ? deeds ardenlawfirm.com ? deeds

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Maryland Consent to Easement by Mortgagee Or Beneficiary in Deed of Trust