Tennessee FILING — Property Description Exhibit is a document used in Tennessee to describe the ownership and boundaries of a particular piece of real estate. It is typically used in the process of filing a deed or other legal documents related to the transfer of real estate. There are two types of Tennessee FILING — Property Description Exhibit documents: Plat Description and Metes and Bounds Description. The Plat Description is a graphic representation of the parcel’s boundaries and other features, such as roads, waterways, and points of reference. The Metes and Bounds Description is a written description of the parcel’s boundaries, using distances and angles between points of reference, such as corners, roads, and other features. Both types of Tennessee FILING — Property Description Exhibit documents are required when filing a deed or other legal document related to the transfer or ownership of real estate in Tennessee.
Tennessee FILING - Property Description Exhibit
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FAQ
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.
How to Write a Tennessee Quitclaim Deed Preparer's name and address. Full name and mailing address of the person to whom the recorded deed should be sent. County where the real property is located. The consideration paid for the property. Grantor's name and address. Grantee's name and address.
It's important to note, during the sale the buyer usually signs the ?affidavit of consideration? on the deed. On this affidavit, someone is stating under oath the value of the consideration paid for the property being sold.
Unfortunately, Tennessee does not allow transfer-on-death deeds, a popular tool used to efficiently distribute real property in other states.
In order to convey any real property or an interest in property in Tennessee, the deed must be in writing, acknowledged by the grantor, and registered in the county where the property is located. The Annotated Code of Tennessee allows for the transfer of real property through the usage of a variety of deeds.
For a deed to be legal it must state the name of the buyer and the seller, describe the property that is being transferred, and include the signature of the party that is transferring the property.
A property is described in a deed in three basic ways: Metes and Bounds; Subdivision and Lot; and Section, Township, and Range. The first two are common in Tennessee whereas the third is not (it isn't unheard of, but not common).
The documents can be prepared by anyone as long as the required information is written in the deed as outlined in § 66-5-103. Once the forms have been prepared, along with the Legal Description of the property, it may be signed with two (2) witnesses or a notary public.