What is the derivation clause in Tennessee?

A Tennessee deed must include a derivation clause identifying the deed or other instrument that is the source of the current owner's title. If the current owner received the property through a recorded deed, the derivation clause must identify the type of deed, book and page number, and recording office.

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Tennessee FILING - Property Description Exhibit

Tennessee FILING - Property Description Exhibit

Name: Tennessee FILING - Property Description Exhibit
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.76 (383 reviews)

Category:

Tennessee Local County - Hamilton - Chancery Court - Real Property

State:

Tennessee

Control #:

TN-SKU-0595

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Description

FILING - Property Description Exhibit Tennessee FILING — Property Description Exhibit is a document used in Tennessee to describe the ownership and boundaries of a particular piece of real estate. It is typically used in the process of filing a deed or other legal documents related to the transfer of real estate. There are two types of Tennessee FILING — Property Description Exhibit documents: Plat Description and Metes and Bounds Description. The Plat Description is a graphic representation of the parcel’s boundaries and other features, such as roads, waterways, and points of reference. The Metes and Bounds Description is a written description of the parcel’s boundaries, using distances and angles between points of reference, such as corners, roads, and other features. Both types of Tennessee FILING — Property Description Exhibit documents are required when filing a deed or other legal document related to the transfer or ownership of real estate in Tennessee.

Tennessee FILING — Property Description Exhibit is a document used in Tennessee to describe the ownership and boundaries of a particular piece of real estate. It is typically used in the process of filing a deed or other legal documents related to the transfer of real estate. There are two types of Tennessee FILING — Property Description Exhibit documents: Plat Description and Metes and Bounds Description. The Plat Description is a graphic representation of the parcel’s boundaries and other features, such as roads, waterways, and points of reference. The Metes and Bounds Description is a written description of the parcel’s boundaries, using distances and angles between points of reference, such as corners, roads, and other features. Both types of Tennessee FILING — Property Description Exhibit documents are required when filing a deed or other legal document related to the transfer or ownership of real estate in Tennessee.

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FAQ

The documents can be prepared by anyone as long as the required information is written in the deed as outlined in § 66-5-103. Once the forms have been prepared, along with the Legal Description of the property, it may be signed with two (2) witnesses or a notary public.

A property is described in a deed in three basic ways: Metes and Bounds; Subdivision and Lot; and Section, Township, and Range. The first two are common in Tennessee whereas the third is not (it isn't unheard of, but not common).

For a deed to be legal it must state the name of the buyer and the seller, describe the property that is being transferred, and include the signature of the party that is transferring the property.

In order to convey any real property or an interest in property in Tennessee, the deed must be in writing, acknowledged by the grantor, and registered in the county where the property is located. The Annotated Code of Tennessee allows for the transfer of real property through the usage of a variety of deeds.

Unfortunately, Tennessee does not allow transfer-on-death deeds, a popular tool used to efficiently distribute real property in other states.

It's important to note, during the sale the buyer usually signs the ?affidavit of consideration? on the deed. On this affidavit, someone is stating under oath the value of the consideration paid for the property being sold.

How to Write a Tennessee Quitclaim Deed Preparer's name and address. Full name and mailing address of the person to whom the recorded deed should be sent. County where the real property is located. The consideration paid for the property. Grantor's name and address. Grantee's name and address.

A Tennessee deed must include a derivation clause identifying the deed or other instrument that is the source of the current owner's title. If the current owner received the property through a recorded deed, the derivation clause must identify the type of deed, book and page number, and recording office.

More info

In order to transfer ownership of real estate, the deed must contain a unique legal description of the property that identifies it. The description must be complete enough that a parcel of land can be located and identified based on what is written.The full legal description of the Property is described below: Land Lot(s). COUNTY will submit an application for the legal lot verification within two weeks of full execution of this agreement. 7. TITLE. (ii) For an exhibit filed separately, a transmittal letter incorporating the certificate of service must be filed. Generally exhibits may be e-filed as attachments to the documents they support or as separate docket entries. 1. Purchase and Sale. Within the Land Description office is the Real Property Lister (RPL). Often, legal descriptions are complex (using metes and bounds) and can take paragraphs or pages to accurately describe the parcel. It can also be used for obvious errors in the property description.

Tennessee FILING - Property Description Exhibit

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Who can prepare a deed in Tennessee?

What is the legal description of a property in Tennessee?

Which of the following must be included in a deed?

What is required on a deed in Tennessee?

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What is the derivation clause in Tennessee?

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