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;

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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
2. Parties:

Obligor ______________

Obligee ______________;

3. Ground rent and any future adjustments to it;
4. When payable;
5. Duration;
6. Redemption price, if agreed on.