By Grantor by Subsequent Deed

Prepare, by grantor and subsequent deed to impose restrictions on building construction

Are you planning to prepare a By Grantor by Subsequent Deed form? Then, you can either download the form from the internet or hire a lawyer to get this form done without any legal jargons. However, this By Grantor by Subsequent Deed form comes into picture when the restriction on the premises are imposed by the grantor, such as how to use the premises, the type of building to be constructed in that area, where the buildings in the location has to be constructed and other restrictions are clearly mentioned in this agreement. However, if the property is handed over to a company, then the restrictions in the agreement will not give the liberty for the company to construct the building as per their desires. So, the modifications to the agreement are to be made in order to develop the property in a proper manner. Generally, in the judgment of the company, it is necessary for the proper development of the property to modify the restrictions imposed on that land. However, in the judgment of the company, the modification or restrictions on the building are made in such a way that it should not pose any kind of damage to the adjacent owner of the property.

However, after revoking certain restrictions on the property constructions, if the company possesses any threat to the adjacent building owner, then they have to compensate for the damages. Most importantly, when this property sold by the grantor to grantee, then the successor or assigns of the grantor will not have any right on the property. The title of the property will be transferred to the grantee.

By Grantor By Subsequent Deed
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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 _________.