Discharge of Mortgage (Commercial Real Estate Loan) (MA) | Practical Law

Discharge of Mortgage (Commercial Real Estate Loan) (MA) | Practical Law

A discharge of mortgage, also known as a release of mortgage, for commercial real property in Massachusetts that has been paid in full or otherwise satisfied. Lenders in Massachusetts use a discharge of mortgage, which is recorded or registered in the county where the real property is located, to terminate or release a mortgage encumbering real property. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both lenders and borrowers.

Discharge of Mortgage (Commercial Real Estate Loan) (MA)

Practical Law Standard Document w-001-1098 (Approx. 13 pages)

Discharge of Mortgage (Commercial Real Estate Loan) (MA)

by Practical Law Real Estate
MaintainedMassachusetts
A discharge of mortgage, also known as a release of mortgage, for commercial real property in Massachusetts that has been paid in full or otherwise satisfied. Lenders in Massachusetts use a discharge of mortgage, which is recorded or registered in the county where the real property is located, to terminate or release a mortgage encumbering real property. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both lenders and borrowers.