66-30-106 - Incorporation of agreement in instrument of transfer.
66-30-106. Incorporation of agreement in instrument of transfer.
A ground rent agreement, made pursuant to the provisions of 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.
[Acts 1980, ch. 735, § 1; T.C.A., § 64-3006.]