Chapter 6 National Book Flashcards
What is a title?
right of ownership to land, not an actual document
What is consideration?
usually in a form of payment, used to record in a deed
Which type of deed provides the most protection?
a general warranty deed
What is involuntary alienation?
transfer of a title by law
eminent domain, escheat etc
What is a covenant?
a promise
Every deed must be signed by..
the grantor
I hereby remise, release, alienate and convey…
special warranty
What is a devise?
a gift of real property by a will
What is adverse possession?
involuntary transfer, property taken from someone who hasn’t used it or fails to inspect it after many years
What is interstate?
someone who dies without a will
Eminent domain and escheat are examples of what
involuntary alienation
What is seisin?
the rights to convey(transfer) a property to someone else
What does ONCHA mean?
Whats it relate to?
adverse possession
open, notorious, continuous, hostile and adverse
Which deed provides the least amount of protection?
a quitclaim deed
