Reconveyance Fee Clause Samples
A Reconveyance Fee clause establishes the obligation for the borrower to pay a fee to the lender or trustee for processing and recording the release of a lien or mortgage once the underlying debt is fully repaid. Typically, this fee covers administrative costs associated with preparing and filing the necessary documents to clear the property title. By specifying this fee, the clause ensures that the process of reconveying the property to the borrower is handled efficiently and that all related expenses are clearly allocated, preventing disputes over who is responsible for these costs.
Reconveyance Fee. Grantor agrees to pay fees in the maximum amounts legally permitted, or reasonable fees when the law provides no maximum limit, for Trustee’s rendering of services in connection with each partial or complete reconveyance of the Property from the lien of this Deed of Trust.
Reconveyance Fee. Trustor agrees to pay fees in the maximum amounts legally permitted, or reasonable fees when the law provides no maximum limit, for Trustee’s rendering of services in connection with each partial or complete reconveyance of the Trust Property from the lien of this Deed of Trust.
Reconveyance Fee. If Buyer reconveys the Transferred Assets to Seller pursuant to the Lien Escrow Agreement, LJB shall pay to Buyer a fee of $250,000 in cash within three business days after such reconveyance.