TX Real Property Distinctions Flashcards
how can married couples convey a homestead
neither spouse may sell, convey or encumber a homestead without the joinder of the other spouse
debts for which a creditor may force a sale of a homestead
- purchase money
- taxes due on the homestead
- improvements to the homestead
- owelty of partition
- refinance of previously permitted debts
- home equity loand
- reverse mortgage
rural homestead
cannot be more than 200 for a family or 100 acres for a single person, does not have to be contiguous but all have to be used as a homestead (allows for living on party and then using the rest in support of the family or single adult)
what is needed to establish a homestead
show intent to have it as a homestead, actual occupation or such acts of preparation that the court can conclude that a buyer was about to occupy it
- written declaration that it is a homestead is not a factor, although it may be used to show intent and demonstrate occupation or preparation to occupy
when should the affidavit of lien, necessary for perfecting a mechanic’s lien on non-residential projects be filed
no later than the 15th day of the 4th calendar month after the day on which the indebtedness accrues
notice of a claim of a statutory mechanic’s lien must be given twice for…
- commercial projects
- public works projects
- temporary event structures
required to be on an affidavit of lien
- sworn statement of the amount of the claim
- name and last known address of the owner or reputed owner
- name and last known address of the original contractor
quitclaim deed in TX places a grantee on what kind of notice
inquiry (grantee is held to know anything that a reasonable investigation might have revealed
what is a quitclaim
transfer of whatever interest the grantor may have
to determine if recording will protect earlier purchasers against subsequent purchasers, one must look to TX’s recording act, which its a…
notice act
notice acts
protect subsequent grantees who are BFPs (those who give value and who take without notice of the earlier transaction)
since a deed does not need to be dated, it is considered effective when…
it is delivered
what does a deed require to be valid
must be in writing, contain the property description, include conveyancing language, be signed by the grantor
3 additioanl elements for establishing title by adverse possession after a permissive enty
- repudiation of the former permissive relationship
- the repudiation and adverse claim have been communicated to the person who gave permission
- adverse possession has continued for the prescribed number of years after that date
to show visible appropriation of land by allowing livestock to graze, an adverse possessor could…
build a fence demonstrating the land is intentionally enclosed for grazing