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.)