★Grantee: recipient of real property (buyer); only requirement is that they must beidentifiable (have legal identity). Ex: you can’t pass down your house to your pet whenyou die, and the “tree that owns itself” doesn’t actually own itself because it doesn’t havea legal identity★Recital of Consideration: not required in most cases but almost always there➔Does not have to reveal the actual purchase price➔“For 10 dollars and other goods and valuable consideration…” or “For love andother good and valuable consideration…”★Words of Conveyance:➔“I, the grantor, do hereby grant, bargain, sell and convey unto the grantee…”➔Two functions: Confirms that it is the grantor’s intention to convey real property tothe grantee, AND defines the type of deed★Covenants: promises the grantor makes to grantee; determine “quality” of deed- howmuch protection does grantee have if something goes wrong with the title➔Examples of what could go wrong: deed is lost, unknown liens/easements, aslong as they are HONEST mistakes
➔Primary covenants:1.Covenant of seizin: promise that the grantor has good title and the right toconvey it2.Covenant against encumbrances: promise that there are noencumbrances (liens, easements, etc.) other than those already stated3.Covenant of quiet enjoyment: promise that there is no one with a superiorclaim to the property that could come and disrupt you living there★Habendum Clause: is required; defines what is actually being conveyed➔“For use as” implies easement➔“So long as” implies fee simple conditional➔“And his/her heirs and assigns forever” implies fee simple absolute★Exceptions and Reservations Clause: part of the deed where grantor would create deedrestrictions, easements by express reservation, and withhold mineral rights, timberrights, etc. from the conveyance★Legal Description of the Land: must be unambiguous and enduring➔Unambiguous: very fine detail to where lot begins and ends➔Enduring: must be able to return a long time later and still be able to determinewhere lot begins and ends★Acknowledgement: evidence that the grantor acted voluntarily in transactions➔Notarized➔Witness signature★Delivery of the Deed: observable, verifiable intent that the deed is to be given to thegrantee➔Should look like this: Grantor sits at one side of the table and signs the deed andthen passes it to the grantee who is sitting at the other end of the table➔Can be tricky if the grantor is being represented by someone else➔Deed cannot just be found and passed along or passed along without instructionto do soTypes of Deeds:★General Warranty: highest quality deed; includes all covenants★Special Warranty: includes all 3 covenants but takes only responsibility for actions takenwhile this particular owner owned the house (nothing before)★Deed of bargain and sale: no covenants, ownership is implied, implies that property isbeing conveyed, this is just doing the bare minimum to sell a property. Ex: Large
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Term
Fall
Professor
Martin
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