The Franklin Ohio Partial Release of Mortgage/Deed of Trust Lien on Leasehold Interest in Part of Lands Subject to Mortgage/Deed of Trust is a legal document that allows a property owner to release a portion of their leased land from a mortgage or deed of trust lien. This partial release is typically granted when the owner wants to sell or transfer a specific portion of the leased land and remove any encumbrances associated with it. Keywords: Franklin Ohio, partial release of mortgage, partial release of deed of trust, lien on leasehold interest, lands subject to mortgage, lands subject to deed of trust Types of Franklin Ohio Partial Release of Mortgage/Deed of Trust Lien on Leasehold Interest in Part of Lands Subject to Mortgage/Deed of Trust: 1. Partial Release of Mortgage: This type of partial release is used when the property owner wants to release a portion of the leased land from a mortgage lien. It allows the owner to sell or transfer the released portion without the mortgage encumbrance. 2. Partial Release of Deed of Trust: This type of partial release is similar to the partial release of mortgage, but it pertains to a deed of trust lien. It enables the property owner to remove the deed of trust encumbrance from the specific portion of the leased land being released. 3. Lien on Leasehold Interest: This refers to the legal claim that a lender or mortgagee has on the tenant's leasehold interest in a property. When a tenant obtains financing using their leasehold interest as collateral, the lender may place a lien on that interest to secure the loan. 4. Lands Subject to Mortgage/Deed of Trust: This term refers to the specific property or lands that are encumbered by a mortgage or deed of trust. The lands subject to the mortgage or deed of trust can encompass both the leased land and any improvements or structures attached to it. 5. Leasehold Interest in Part of Lands: Leasehold interest refers to the tenant's rights and terms under a lease agreement. When a property owner wants to release a portion of the leased land from a mortgage or deed of trust, they are specifically addressing the leasehold interest associated with that part of the property. In conclusion, a Franklin Ohio Partial Release of Mortgage/Deed of Trust Lien on Leasehold Interest in Part of Lands Subject to Mortgage/Deed of Trust is an essential legal document that allows property owners to free a specific portion of leased land from a mortgage or deed of trust lien. It provides flexibility for property transfers and ensures the release of encumbrances associated with the released portion.
Franklin Ohio 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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