Chapter 19 - Legal Descriptions and Deeds

Question 0

Bargain and sale deed

Answer 0

A deed that carries with it no warranties against liens or other encumbrances but that does imply that the grantor has the right to convey title.

Question 1

Acknowledgement

Answer 1

A formal declaration made before a duly authorized officer, usually a notary public, by a person who has signed a document.

Question 2

Bargain and sale deed with covenants

Answer 2

A deed in which the grantor warrants and gurantees the title against defects arising during the period of his or her ownership of the property but not against defects existing before that time.

Question 3

Benchmark

Answer 3

A permanent reference mark or point established for use by surveyors in measuring differences in elevation - see also datum.

Question 4

Covenant

Answer 4

Agreement written into deeds and other instruments promising performance or nonperformance of certain acts or stimulating certain uses or nonuses of the property.

Question 5

Datum

Answer 5

Point from which elevations are measured. Mean sea level in New York harbor or local datum.

Question 6

Deed

Answer 6

A written instrument that, when executed and delivered, conveys title to or an interest in real estate.

Question 7

Delivery and acceptance

Answer 7

Final action with a deed that transfers title.

Question 8

Grantee

Answer 8

A person who receives a conveyance of real property from the grantor.

Question 9

Granting clause

Answer 9

ords within the deed of conveyance that state grantor’s intention to convey the property. This clause generally is worded a “convey and warrant”, “grant”, “grant, batgain, and sell”, or the like.

Question 10

Grantor

Answer 10

The person transferring title to or an interest in real property to a grantee.

Question 11

Habendum

Answer 11

Clause as part of deed beginning with “to have and to hold”, following the granting clause, and defining the extent of ownership the grantor is conveying.

Question 12

Legal description

Answer 12

A description of a specific parcel of real estate complete enough for an independent surveyor to locate and identify it.

Question 13

Metes and bounds

Answer 13

A legal description of a parcel of land that begins at a well-marked pint and follows the boundaries, using direction and distances around a the tract to the pace of beginning.

Question 14

Monument

Answer 14

A fixed natural or artificial object used to establish real estate boundaries for metes-and-bounds description. Today monuments ususally reinforcing bars, called rebars, bearing the surveyor’s initials.

Question 15

Point of beginning (POB)

Answer 15

Description starts a this designated point.

Question 16

Quitclaim deed

Answer 16

A conveyance by which the grantor transfers interest he or she has an interest in the real estate, if any, without any warranties or obligations.

Question 17

Rectangular survey system system

Answer 17

A system established in 1785 by the federal government providing for surveying and describing land by reference to principal meridians and base lines, outside the 13 original colonies. Not used in New Jersey, more common in the western part of the US.

Question 18

Section

Answer 18

A portion of a township under the rectangular survey system. A section is a square mile-long sided and an area of one square mile, or 640 acres.

Question 19

Township

Answer 19

The principal unit in the rectangular survey (government survey) system, a square with six-mile sides and an area of 36 square miles.

Question 20

Warranty deed (general warranty deed, full covenant and warranty deed)

Answer 20

A deed in which the grantor fully warrants good clear title to the premises.