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Form #655

By Grantor by Subsequent Deed

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By Grantor by Subsequent Deed - Free Legal Form

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By grantor by subsequent deed.

By various deeds and agreements, certain restrictions have been imposed upon the premises as to use, type of buildings to be erected and the location of buildings upon the premises, and other restrictions.

There has been reserved and/or granted to A Company, an _________[state] corporation, the right and authority to release, change and/or modify the restrictions when in the judgment of A Company that course seems necessary or advisable for the proper development of the property.

In the judgment of A Company it is both necessary and advisable for the proper development of property to release, change and modify the restrictions as set forth, and in the judgment of A Company the releases, changes and modifications set forth will not do any damage to any abutting or adjacent owner.

In consideration of the premises and of the sum of _________ dollars and other good and valuable considerations received to its full satisfaction from B Company, and by virtue of the powers, right and authority reserved and granted to A Company and as owner of adjacent or adjoining lands and otherwise, A Company, the grantor, releases, remises and quitclaims all of its right, title and interest in and to the premises to B Company, the grantee, its successors and assigns.

To have and to hold the premises, with the appurtenances belonging, to the grantee, its successors and assigns, so that neither the grantor, nor its successors or assigns, nor any other persons claiming title through or under it, shall or will claim or demand any right or title to the premises, or any part, but they shall be excluded and forever barred.

It is the intention of this deed to, and A Company does, release, change and modify the restrictions so that the premises are free and clear from any and all restrictions as to the use of the premises, the kind or type of building or buildings that may be erected, and the location of any buildings upon the premises, saving and excepting only that _________.



 
Contributed by
Legal Concepts LTD
 
Name of Firm Legal Concepts LTD
Total Forms Contributed 63
 

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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Comments

submitted 12/7/2008
by DavidMarshall  

"This is a legal form to deal with a situation in which land has been divided into separate plots. Overall title was held by A, but interests in the the plots were granted to others subject to conditions on the use of the land. What might have been reasonable limitations when the first plots were occupied may become less acceptable as time passes. So this deed releases some or all of the old limitations, and allows new uses or developments on the land. Because this is a commercial transaction, money will change hands and it may either buy complete freedom, or new limitations may be imposed for the future. Always make sure you know what you are buying before you sign a deed like this."
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Keywords: legal forms, grantor, deed

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