partial reconveyance

Definition

An instrument filed when a certain portion of encumbered real estate is released from a mortgage or a trust deed.

Use this term in a sentence

You should try and get a partial reconveyance if you do not need all of what you were renting any more.

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If you want to get out of part of your lease but not all of it you may want to try and ask for a partial reconveyance.

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The property had a partial reconveyance which was made known to us by the real estate attorney who had been dealing with us.

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partial prepayment partial redemption