§ 55-79.06

Incorporation of agreement into deed

A ground rent agreement, made pursuant to the provisions of this article, may be incorporated into the deed 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. Original value of land:

7. Redemption price, if agreed on.

History

1975, c. 363.

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