Chapter 19 - Legal Descriptions and Deeds Flashcards
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 is called a ___ __ ___ deed.
Bargain and sale deed
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, is called a ___ __ __ deed __ ___.
Bargain and sale deed with covenants
A permanent reference mark or point established for use by surveyors in measuring differences in elevation - see also datum, known as a ___.
Benchmark
Agreement written into deeds and other instruments promising performance or nonperformance of certain acts or stimulating certain uses or nonuses of the property is a ___.
Covenant
Point from which elevations are measured. Mean sea level in New York harbor or local ___.
Datum
A written instrument that, when executed and delivered, conveys title to or an interest in real estate is a ___.
There are (4) types.
Deed
1) Warranty Deed (General or Full Covenant Waranty Deed)
2) Bargain and Sale Deed with Covenants Against Grantors Acts (CAG) or Special Warranty Deed
3) Bargain and Sale Deed
4) Quit Claim Deed
Final action with a deed that transfers title requires this ___ __ ___.
Delivery and acceptance
A person who receives a conveyance of real property from the grantor is a ___.
Grantee
A ___ ___ within the deed of conveyance that states the grantor’s intention to convey the property. This clause generally is worded a “convey and warrant”, “grant”, “grant, bargain, and sell”, or the like.
Granting clause
The person transferring title to or an interest in real property to a grantee is a ___.
Grantor
___ 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.
Habendum
A description of a specific parcel of real estate complete enough for an independent surveyor to locate and identify it is a ___ ___.
Legal description
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, this ia called ___ __ ___.
Metes and bounds
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 is a ___.
Monument
___ __ ___ is description of a designated point.
Point of beginning (POB)