Transfer Of Title To Real Property Flashcards
Adequacy of description
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.
Metes and bounds
Used with the original 13 colonies
Based on distances and directions
Performed by a licensed land surveyor
Metes
The distances from point to point in the description
Bounds
Directions from one point to another in the description
Point of beginning
Should be easiest to locate and tied to a reference point that is well established
Also must end here
G.R.S.S
Used everywhere except nc and original 13 colonies
Based on longitudes and latitudes
Principal meridians
Meridians
North and south lines for long. and lat.
East to west lines are called base lines
Township
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
Reference to recorded plat (lot and book)
A type of Description in reference
References to a plat
Plat
Property map
Ref to publicly recorded docs
Refers to a record that is held legally (ie the register of deeds)
Informal reference
A street address, tax parcel, or a word picture describing the property. (Legally but not professionally acceptable)
Usually used as a secondary reference
By descent(intestate succession)
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).
By will
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).
Probate
Official judiciary review of the validity of a testator or testatrix’s will.
Devise
A gift of real property by will.
Bequest
A gift of chattel
Beneficiary
The recipient of anything left in the will.
By deed (voluntary alienation)
Usually described as a sale or transfer of deed
By deed (involuntary)
Generally lien foreclosure sale, adverse possession, or eminent domain
With support of grantor
Without owner cooperation
Suit to quiet title
The method of fulfilling the requirements of the adverse possession statute of that particular state
Named parties
Deeds must contain the grantor and grantees legal names
Words of conveyance
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)
Constructive notice
Someone who is involved has been given notice that the grantee received the title