Iowa Agreement and Plan of Merger for conversion of corporation into Maryland Real Estate Investment Trust
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How to fill out Agreement And Plan Of Merger For Conversion Of Corporation Into Maryland Real Estate Investment Trust?
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FAQ
In the law of real property, the merger doctrine stands for the proposition that the contract for the conveyance of property merges into the deed of conveyance; therefore, any guarantees made in the contract that are not reflected in the deed are extinguished when the deed is conveyed to the buyer of the property.
For example, if A owns Blackacre together with an appurtenant easement over Greenacre and later acquires fee simple title to Greenacre, A's easement interest in Greenacre would merge into his fee simple interest in Greenacre and be extinguished.
Under the doctrine of merger, all prior agreements between a buyer and a seller are merged in the deed upon the deed's acceptance. The deed supersedes the provisions of the real estate contract and becomes the only binding instrument between the parties.
In property law, the rule of merger is the absorption of a lesser estate (e.g., lease of land) into a greater estate (e.g., fee simple ownership of the same land) when both estates are successive and become vested property of the same person.
Definition of 'Merger' ing to TheFreeDictionary, merger in real estate refers to the process that unifies a greater estate with a lesser estate when both of them are held by the same individual.