Montana Partial Release of Mortgage/Deed of Trust Lien on Leasehold Interest in Part of Lands Subject to Mortgage/Deed of Trust In Montana, a partial release of mortgage or deed of trust lien on a leasehold interest in part of lands subject to a mortgage or deed of trust can occur under certain circumstances. This legal document is used when a mortgage or deed of trust encumbers a property that includes both fee simple interests and leasehold interests. The partial release allows for the release of the lien on a specific leasehold interest, freeing it from the mortgage or deed of trust. Keywords: Montana, partial release, mortgage, deed of trust, lien, leasehold interest, lands, subject to, types. Types of Montana Partial Release of Mortgage/Deed of Trust Lien on Leasehold Interest in Part of Lands Subject to Mortgage/Deed of Trust: 1. Fee Simple and Leasehold Interest Combination: This type of partial release is applicable when a property is subject to a mortgage or deed of trust and includes both fee simple interests and leasehold interests. The partial release allows the lender to release the lien on a specific leasehold interest without affecting the remaining fee simple interests. 2. Release of Specific Leasehold Interest: In cases where multiple leasehold interests exist within a property encumbered by a mortgage or deed of trust, a partial release can be used to release a particular leasehold interest. This enables the leasehold interest holder to obtain a clean title for their specific portion, separate from the remaining leasehold interests or fee simple interests. 3. Release of Partial Lands: This type of partial release is employed when only a specific portion of the property subject to a mortgage or deed of trust is leasehold land. It allows for the release of the lien on the leasehold interest while keeping the mortgage or deed of trust intact on the remaining fee simple land. 4. Release of Leasehold Improvements: In situations where leasehold improvements have been made on a property encumbered by a mortgage or deed of trust, a partial release can be used to release the lien on those specific improvements. This allows the leaseholder to enjoy the benefits of their investment without the mortgage or deed of trust affecting the improvements. It is important to consult with a qualified attorney or real estate professional to understand the specific requirements and processes involved in obtaining a Montana partial release of mortgage or deed of trust lien on a leasehold interest in part of lands subject to a mortgage or deed of trust.
Montana Partial Release of Mortgage / Deed of Trust Lien on Leasehold Interest in Part of Lands Subject to Mortgage / Deed of Trust
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