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A habendum clause is section of a contract that deals with rights, interests, and other aspects of ownership given to one of the parties in land deals. In real estate leases, the habendum clause deals with the lessee's rights and interests.
In legal terms. conveyance means to transfer, it is the legal transfer of property from one name to another, either as ownership or lease.
The definition of conveyance is the act of transmitting or transferring something. An example of conveyance is a truck moving goods from one city to another city. An example of conveyance is transferring the title on a piece of property from one person to another person.
- A deed must contain a granting clause (also called words of conveyance) that states the grantor's intention to convey the property. (i.e.: "I, Kent Long, convey and warrant..." life. - To be valid, a deed must contain an accurate legal description of the real estate conveyed.
Abstracts of title are chronological descriptions of the contents of all the title deeds relating to a particular property or estate. They were normally drawn up by lawyers when the property was being sold, in order to prove the seller's title.
In fact, the granting clause also is known as the words of conveyance. The granting clause includes words that describe exactly what rights the grantee is receiving in the deed and whether the grantee is taking title to the property with another person.
A conveyance is the transfer and assignment of any property right or interest from one individual or entity (the conveyor) to another (the conveyee). This is usually accomplished through a written instrument - most often a deed - that transfers title to, or creates a lien on property.
Conveyance is the act of transferring property from one party to another. The term is commonly used in real estate transactions when buyers and sellers transfer ownership of land, building, or home. A conveyance is done using an instrument of conveyancea legal document such as a contract, lease, title, or deed.
A clause in a deed that states that the grantor intends to convey title to the land. Also called: Granting Clause.
Granting Clause Words in a deed that indicate the grantor's intent to transfer an interest in property. Also called the words of conveyance.