§ 66-30-101. Short Title

This chapter shall be known and may be cited as the “Tennessee Residential Ground Rent Act.”

§ 66-30-102. Chapter Definitions

As used in this chapter, unless the context otherwise requires: “Obligee” means any person or entity to whom a residential ground rent is owed, including its successors and assigns; “Obligor” means one (1) or more individuals who are obligated to pay a residential ground rent, including their successors, sublessees or assigns; “Residential ground rent” means […]

§ 66-30-103. Form and Contents of Agreements

In any case where a residential ground rent is created, the agreement therefor shall: Be reduced to writing; Be in recordable form; Disclose the date, the names of the parties, the ground rent and any future adjustments to it, when such rent is payable, the duration of the agreement and the value of the land […]

§ 66-30-104. Lien Against Real Estate

A residential ground rent shall constitute a lien against the real estate from the time it is recorded, in a like manner as would a deed of trust or mortgage. Any deed of trust or mortgage on the interest of the obligor in the real estate may provide that a default in payment of ground […]

§ 66-30-105. Redemption

The obligor shall have the right to redeem a residential ground rent at any time after three (3) years from the date of the ground rent agreement. The redemption shall be effected for such amount as the obligor and the obligee may have agreed upon; or, in the absence of such an agreement, shall be […]

§ 66-30-106. Incorporation of Agreement in Instrument of Transfer

A ground rent agreement, made pursuant to this chapter, may be incorporated into the deed, ground lease, or other instrument of transfer in the following form: This deed is subject to annual ground rent or charge as follows: 1.  Date of agreement; 2.  Parties: Obligor — Obligee —; 3.  Ground rent and any future adjustments […]