Land Transaction Flashcards

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1
Q

6 guaranties under general warranty

A
  1. Seisen
  2. Right to convey
  3. Against Encumbrances
    - restrictions and conditions covenant and restrictions
  4. General warranty
    - going to defend against lawful claims from others
  5. Quiet enjoyment
  6. Further assurances
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2
Q

General warranty deed

A

6 warranties of title

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3
Q

Special warranty deed

A

Contains 6 warranties but only against those defects resulting from acts of this grantor

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4
Q

4 types of deeds

A

General warranty
Special warranty
Statutory short form deed
Quitclaim

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5
Q

3 requirements to be a valid deed

A

1: comply with statute of Frauds
2: be delivered (intent and acceptance)
3: be accepted

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6
Q

General warranty

A

All defects in title

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7
Q

Special warranty

A

Only against this grantors own acts

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8
Q

Damages for breach of sales contract

A
  1. Rescission
  2. Specific Performance
  3. Damages

Deposits
Traditional: even if deposit is more than sellers actual damages

Modern: seller cannot retain more than her actual damages

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9
Q

Negative easement

A

LASS

Light
Air
Support
Stream water from an artificial flow

Minority:
Scenic view.

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10
Q

A is given the right to enter upon B’s land

A’s interest

A

Easement

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11
Q

A is given the right to enter upon B’s land and remove something attached to the land

A’s interest

A

Profit

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12
Q

A’s right to enforce restriction on use of B’s land;

A

Negative easement, real covenant, or an equitable servitude, depending on remedy that A seeks in event of breach

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13
Q

A given the right to require B to perform some act on B’s land

A

Real covenant or equitable servitude depending on remedy sought

Covenant = money damages
Equitable servitude = injunction

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14
Q

A is given a right to require B to pay money for the upkeep for specified facilities

A

Real covenant or equitable servitude

Depending on remedy

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15
Q

Appurtenant easement

A

Easement for access

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16
Q

In gross easement

A

Owner of red house can hike 200 acre parcel but their red house is not close to parcel. Benefits owner, not land

17
Q

License can’t be revoked when

A

When license includes the right to erect buildings, license may not be revoked once substantial costs relied on it

18
Q

Express easement

A

Must be in writing

Separate deed

19
Q

Necessity easements

A

Unity of title
Both parcels were owned by one owner and created at time of severance

Strictly
Easement must be essential to the use and enjoyment of property

20
Q

To be valid a deed must

A
  1. Comply with statute of Frauds
  2. Be delivered
  3. Accepted by the grantee