Quitclaim Deed of Release (Commercial Real Estate Loan) (GA) | Practical Law

Quitclaim Deed of Release (Commercial Real Estate Loan) (GA) | Practical Law

A quitclaim deed of release for commercial real property in Georgia used by lenders to release the lender's deed to secure debt (security deed) and security interest and fully reconvey the lender's interest after satisfaction of the underlying debt. The quitclaim deed transfers any interest held by the lender in the secured property to the grantor of the security deed. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both lenders and borrowers.

Quitclaim Deed of Release (Commercial Real Estate Loan) (GA)

Practical Law Standard Document w-001-8225 (Approx. 13 pages)

Quitclaim Deed of Release (Commercial Real Estate Loan) (GA)

by Practical Law Real Estate
Law stated as of 11 Aug 2022Georgia
A quitclaim deed of release for commercial real property in Georgia used by lenders to release the lender's deed to secure debt (security deed) and security interest and fully reconvey the lender's interest after satisfaction of the underlying debt. The quitclaim deed transfers any interest held by the lender in the secured property to the grantor of the security deed. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both lenders and borrowers.