Transfer Of Title To Real Property Flashcards

1
Q

Adequacy of description

A

Any method that enables a surveyor or civil engineer to locate property with certainty is an acceptable legal method
Big 3: metes and bounds, the government rectangular survey system, and description by reference.

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2
Q

Metes and bounds

A

Used with the original 13 colonies
Based on distances and directions
Performed by a licensed land surveyor

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3
Q

Metes

A

The distances from point to point in the description

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4
Q

Bounds

A

Directions from one point to another in the description

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5
Q

Point of beginning

A

Should be easiest to locate and tied to a reference point that is well established
Also must end here

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6
Q

G.R.S.S

A

Used everywhere except nc and original 13 colonies
Based on longitudes and latitudes
Principal meridians

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7
Q

Meridians

A

North and south lines for long. and lat.

East to west lines are called base lines

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8
Q

Township

A
6 x 6 miles 
36 square mile area 
Divided into 1 sq mile sections (36 blocks) 
Each block or section is 640 acres
Quarter sections are 160 acres
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9
Q

Reference to recorded plat (lot and book)

A

A type of Description in reference

References to a plat

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10
Q

Plat

A

Property map

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11
Q

Ref to publicly recorded docs

A

Refers to a record that is held legally (ie the register of deeds)

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12
Q

Informal reference

A

A street address, tax parcel, or a word picture describing the property. (Legally but not professionally acceptable)
Usually used as a secondary reference

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13
Q

By descent(intestate succession)

A

If you die with property and there is no valid will(intestate) then the property is distributed by descent. The overseer of this distribution is called an administrator(male) or an administratrix(female).

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14
Q

By will

A

If there is a valid will left by the testator or testatrix then the will is to be fulfilled by a executor or executrix(appointed by the test).

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15
Q

Probate

A

Official judiciary review of the validity of a testator or testatrix’s will.

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16
Q

Devise

A

A gift of real property by will.

17
Q

Bequest

A

A gift of chattel

18
Q

Beneficiary

A

The recipient of anything left in the will.

19
Q

By deed (voluntary alienation)

A

Usually described as a sale or transfer of deed

20
Q

By deed (involuntary)

A

Generally lien foreclosure sale, adverse possession, or eminent domain
With support of grantor
Without owner cooperation

21
Q

Suit to quiet title

A

The method of fulfilling the requirements of the adverse possession statute of that particular state

22
Q

Named parties

A

Deeds must contain the grantor and grantees legal names

23
Q

Words of conveyance

A

Deed must contain words demonstrating that the grantors intention is to transfer the property to the grantee
(Ie. Words like given, granted, bargained, sold, and conveyed)

24
Q

Constructive notice

A

Someone who is involved has been given notice that the grantee received the title

25
Q

Statute of fraud

A

Laws surrounding the validity of a deed

26
Q

Covenant of seisin

A

Specifies that grantor owns what is being conveyed in the deal
(General warranty deed)
One with the covenant of the right to convey

27
Q

Covenant of right to convey

A

Provides assurance that the grantor has the right to convey this property to the grantee
One with the covenant of seisin

28
Q

Covenant of encumbrances

A

Provides the guarantee that there are no hidden or undiscussed encumberances

29
Q

Covenant of quiet enjoyment

A

The grantor guarantees that the grantee will have the right to enjoy their property peacefully DEEPC
With covenant of warranty (one covenant)

30
Q

Covenant of warranty

A

Claims that the grantor will protect the grantee against anything that comes against the ownership or the other rights conveyed
With covenant of quiet enjoyment (one covenant together)