Wallace County Release of Assignment of Leases and Rents Form

Additional Kansas and Wallace County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Wallace County

Properties in any of these areas use Wallace County forms:

• Sharon Springs
• Wallace
• Weskan

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The "Release of Assignment of Leases and Rents" is a legal document used to relinquish the interest of the assignee in the rents and leases of a property, often when the associated loan or mortgage is fully paid off. In the context of Kansas real estate, the document would typically include:

Title: Clearly stated as "Release of Assignment of Leases and Rents" to indicate its purpose.

Introductory Clause: Identifying the document as a release to an earlier "Assignment of Leases and Rents," referencing the original document by date and possibly by the book and page number where it was recorded.

Identification of Parties: Names and addresses of the assignor (the current holder of the mortgage or beneficiary) and the assignee (the party to whom the rents and leases were originally assigned).

Description of Real Estate: Legal description of the property in question, which may include the street address, legal description used in public records, and any identifying parcel numbers.

Declaration of Satisfaction: A statement that the mortgage or obligation which prompted the assignment of rents and leases has been fully satisfied or paid in full.

Execution by Holder: Signature of the mortgage holder or their authorized representative, asserting that the condition for the assignment has been fulfilled.

Notarization: A notary public's acknowledgment that the holder signed the release, including the date and the notary's official seal.

State Statutes: The document might reference specific Kansas statutes that govern the release of mortgage and assignments, such as Kansas Statutes Annotated (K.S.A.) Section 58-2309 which requires that a mortgagee must promptly file a release of mortgage upon the satisfaction of the mortgage.

Filing Information: Instructions for filing the release with the appropriate county's Register of Deeds in Kansas to ensure that it becomes a part of the public record.

The actual format and content may vary depending on the specific requirements of the county in Kansas where the property is located, as well as any specific terms that were part of the original loan or mortgage agreement. It is important to consult with a legal professional to ensure that the release complies with all applicable laws and fulfills the necessary legal formalities.

(Kansas Release of Assignment of Leases and Rents Package includes form, guidelines, and completed example)

Important: Your property must be located in Wallace County to use these forms. Documents should be recorded at the county recording office listed above.

This Release of Assignment of Leases and Rents meets all recording requirements specific to Wallace County.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable Wallace County recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

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