1. Items Included In a Deed To Be Valid Flashcards
0
Q
GRANTEE
A
Person receiving realty, not necessarily the buyer
1
Q
GRANTOR
A
Person transferring realty, not necessarily the seller
2
Q
GRANTING CLAUSE
A
Defines extent of estate granted, whether it be fee simple or some lesser interest
3
Q
HOW TITLE WAS TAKEN
A
States how GRANTEE on deed holds title i.e. Joint tenants, tenancy in common, etc
4
Q
CONSIDERATION
A
Money or other valuable things
5
Q
EXCEPTIONS/RESTRICTIONS
A
Defines any exceptions or restrictions on deed such as mortgage, lien, easement, etc
6
Q
LEGAL ADDRESS/DESCRITPTION
A
Actual location of property described by:
> lots and blocks or
> rectangular (government) survey system
> metes and bounds
7
Q
GRANTOR’S SIGNATURE
A
Grantor’s signature
