Unit 6: Transfer of Title Flashcards
1
Q
The legal term for the transfer of title during the property owner’s lifetime
A
Voluntary alienation
2
Q
A document by which an owner of real estate conveys the right, title, or interest owned in the parcel of real estate to someone else
A
Deed
3
Q
Person who receives the property
A
Grantee
4
Q
Owner who transfers the property
A
Grantor
5
Q
Defines or explains the ownership to be enjoyed by the grantee “to have and to hold”
A
Habendum clause
6
Q
When a person dies without a valid will and the title to the real estate passes to the heirs identified in the state law of succession
A
Intestate