Incorporation of agreement in instrument of transfer
Known as the Tennessee Residential Ground Rent Act
The act spans §§ 66-30-101 to 66-30-106 (6 sections).
Acts 1980, ch. 735, § 1; T.C.A., § 64-3006.
A ground rent agreement, made pursuant to this chapter, may be incorporated into the deed, ground lease, or other instrument of transfer in the following form:
This deed is subject to annual ground rent or charge as follows:
1. Date of agreement;
2. Parties:
Obligor —
Obligee —;
3. Ground rent and any future adjustments to it;
4. When payable;
5. Duration;
6. Redemption price, if agreed on.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.