The Deed of Partial Reconveyance serves as a critical instrument in real estate transactions where property owners need to release specific portions of mortgaged property. This document is particularly important in development projects, property subdivisions, or partial property sales. When executing a Deed of Partial Reconveyance, careful attention must be paid to state-specific requirements, proper property descriptions, and maintaining the validity of the remaining security interest. The document typically includes details of the original deed of trust, precise legal descriptions of the released property, and appropriate notarization as required by U.S. state laws.
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Key Requirements PROMPT example:
Deed Of Partial Reconveyance
"I need a Deed of Partial Reconveyance to release a 2-acre portion of my 10-acre commercial property in Texas, which is currently under a deed of trust with FirstBank, to be executed by March 2025."
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OR
1. Document Title and Date: Formal identification of document as Deed of Partial Reconveyance
2. Parties: Identification of trustee, beneficiary, and trustor
3. Recitals: Reference to original deed of trust and reason for partial reconveyance
4. Property Description: Legal description of property being reconveyed
5. Reconveyance Statement: Formal statement of partial reconveyance
6. Execution: Signature blocks and notary acknowledgment
1. Consideration Statement: Statement of consideration received, used when required by state law or parties
2. Reserved Rights: Description of rights retained by trustee/beneficiary, used when partial reconveyance affects other security interests
1. Schedule A: Detailed legal description of reconveyed property
2. Schedule B: Copy or reference to original deed of trust
3. Schedule C: Property survey or plat (if applicable)
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