Chapter 9 keywords

Question 1

Abstract of title

Answer 1

And some cases it might be desirable to have copies made of all documents. I have an effect on the title to the property that is investigated at these can then be assembled in order and place an a binder of cover page that identifies the property is called the caption or caption page when compiled in this fashion, it is called an abstract chain of title located in the abstract is a timeline of the recorded documents used to transfer title from one owner to the next next.

Question 2

Acknowledgment

Answer 2

Frequently contracts have an acknowledgment by the parties, as to the voluntary nature of the transaction. The acknowledgment is accomplished when the parties appear before, an officer of the courses, as a notary public or judge proof of identity is required, as signature of the parties is made in the presence of the public official acknowledgment is necessary if a document is to be recorded in the public records

Question 3

Actual notice

Answer 3

Actual notice of ownership is provided by physical possession. There is validity in the same possession is 9/10 of the law be in possession of property and claimant ownership is called actual notice a party who has been shown a deed also has been given actual notice. actual notice can be either expressed or implied.

Question 4

Adverse possession

Answer 4

Adverse possession is illegal principle, and under which an owner may lose title to another person who has taken control of the property. The person who claims ownership must enter into open adverse hostile and exclusive possession of the property for a period of seven continuous years.
Adverse possession is one of the involuntary alienation

Question 5

Alienation

Answer 5

Transferring or conveying ownership from one party to another, is called alienation of title alienation may be voluntary or involuntary

Question 6

Assignment

Answer 6

An assignment of lease occurs when Al lease transfers all of the least space for all the remaining time the lease is the assignor, the person receiving the rights The assignee
The assignor assigns leasehold the rights to the assignee the assignee becomes the leasee and pays rent directly to the landlord

Question 7

chain of title

Answer 7

A chain of title is created by a search of the public records, that results in a timeline of recorded documents, that links all past owners of a parcel of land from the root of title to the present day