• 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;

    • Terms Used In Tennessee Code 66-30-106

      • Deed: The legal instrument used to transfer title in real property from one person to another.
      • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
      • Obligee: means any person or entity to whom a residential ground rent is owed, including its successors and assigns. See Tennessee Code 66-30-102
      • Obligor: means one (1) or more individuals who are obligated to pay a residential ground rent, including their successors, sublessees or assigns. See Tennessee Code 66-30-102

      2. Parties:

      • Obligor — Obligee –;

    • 3. Ground rent and any future adjustments to it;

    • 4. When payable;

    • 5. Duration;

    • 6. Redemption price, if agreed on.

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