Property Ownership, Transfer of Title and Land Use 11.1 Flashcards
What is Deed?
A deed is a written instrument that conveys title or interest in real estate.
What are the requirements for a valid deed: 1
A grantor, who has legal capacity to sign the deed, of legal age and of sound mind.
A grantee named to be readily identified.
A statement of consideration per state law requirements.
A Granting clause: the words of conveyance.
What are the requirements for a valid deed: 2
A Habendum clause: a clause that defines the ownership taken by the grantee.
An accurate legal description of the property being conveyed.
Any exceptions or reservations to the title
Example: Easements, deed restrictions, or restrictive covenants.
What are the requirements for a valid deed: 3
The signature of the grantor, sometimes with a seal or before a notary public or other officer of the court.
Acknowledgment that the signature is genuine and a free and voluntary act (consult state laws for requirements).
Example: Notarization, usually required for recordation.
The delivery of the deed to and its acceptance by the grantee.