Property Ownership, Transfer of Title and Land Use 11.3 Flashcards
A General Warranty Deed provides the grantee what?
The greatest protection
What are the 5 basic laws?
Seisin
Encumbrances
Quiet Enjoyment
Further Assurance
Warranty Forever
What is the covenant of Seisin?
The covenant of seisin promises that the owner has full ownership and the legal right to convey the title.
What is the covenant of Encumbrances
States that the title is free from all liens and encumbrances except those specifically stated.
What is the covenant of quiet enjoyment
Says that the grantor assumes responsibility for protecting the title against the claims of any third parties.
What is the covenant of further assurance
Assures the grantee that the grantor will furnish whatever is needed to make the title good.
The covenant of warranty forever
Holds the grantor liable for reimbursing the grantee for any title interest lost in the future and that the grantor defends title against not only themselves but also against all those who previously held title.