55-79.06 - Incorporation of agreement into deed.
§ 55-79.06. Incorporation of agreement into deed.
A ground rent agreement, made pursuant to the provisions of this article, maybe incorporated into the deed or other instrument of transfer in thefollowing 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. Original value of land:
7. Redemption price, if agreed on.
(1975, c. 363.)