Partial Release of Mortgage
(OH)

Summary

This template is a partial release of mortgage that may be used in Ohio to release a portion of mortgaged property from an existing mortgage while retaining the lender's lien on the remainder of the property. This template includes practical guidance, drafting notes, alternate clauses, and optional clauses. This partial release can be used for commercial or residential property and should be recorded in the county or counties where the released property is located. Counsel should consult the recording office where the real property is located to determine the local customs and recording fees. For further information on recording real property documents in Ohio, see Recording Procedures (OH). For a template for a satisfaction of mortgage releasing the entire property from the mortgage lien, see Satisfaction of Mortgage (OH). For a discussion of financing real property in Ohio, see Commercial Real Estate Financing (OH). See Ohio Rev. Code Ann. § 5301.31 and Ohio Rev. Code Ann. § 5301.32 for additional information on recording a release of mortgage in Ohio. For guidance on financing commercial real estate in Ohio, see Commercial Real Estate Acquisition Loan Resource Kit (OH). For information on Ohio mortgage foreclosures, see Foreclosure Resource Kit (OH).