Deeds (Cheat Sheets) Flashcards
What is a deed?
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The document that transfers title of real property from one party to another. It must meet the formality requirements, be delivered, and accepted to be effective.
What are the formality requirements of a deed?
In order to satisfy the formalities, a deed must be in writing, signed by the grantor, and specify the parties and land (within reason).
When does delivery of a deed occur?
Delivery occurs when the grantor’s intent to make the deed presently effective is ascertained. Intent can be inferred even if actual possession of the document itself is postponed.
How can a deed be accepted?
Acceptance is generally presumed unless parties expressly state otherwise. It occurs on date deed is delivered into escrow.
What are the types of deeds?
general warranty
special warranty
quitclaim