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Unformatted text preview: ownership term only All other covenants and warranties still apply 2 Copyright, 2004 7 Bargain and Sale Deed • Granting clause • Habendum clause • Covenant of seizen (seisen) Includes very few covenants and warranties May include only: Grantor’s liability is extremely limited Copyright, 2004 8 Quitclaim Deed Offers NO covenants or warranties Grantor makes no claim of title! Used to clear clouds, or potential clouds Review of Deeds General Warranty* Special Warranty Bargain and Sale Quitclaim Has valid title Will defend grantee against claims of others No undisclosed restrictions or conflicting claims Yes! Ltd! Im p lie d ? ? No! No! No! *Highest quality deed = most covenants! Seizen: Quiet Enjoyment: No Encumbrances: Yes! Yes! Yes! Yes! Copyright, 2004 10 End of Lecture At the conclusion of this lecture, complete Quiz 9-4 in the course....
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This note was uploaded on 05/21/2011 for the course FREC 1000 taught by Professor Stallone during the Spring '08 term at University of Florida.
- Spring '08