Property Ownership, Transfer of Title and Land Use 11.1 Flashcards

1
Q

What is Deed?

A

A deed is a written instrument that conveys title or interest in real estate.

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2
Q

What are the requirements for a valid deed: 1

A

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.

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3
Q

What are the requirements for a valid deed: 2

A

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.

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4
Q

What are the requirements for a valid deed: 3

A

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.

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