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A covenant of the right to convey is also known as a covenant for seisin, and it promises that the grantor has an interest to be conveyed as well as the capacity to make the conveyance. Basically, it guarantees that a grantor actually owns and has the right to transfer a piece of real estate.
The Premises clause, also known as the granting clause, is the only legally necessary clause required in a deed. This clause names the parties, contains words of conveyance, states a consideration, includes the date of transfer, and provides the legal description of the property being conveyed.
Terms in this set (24) Devise. Which of the following is not required for a deed to be valid? Signature of the grantee.
The type of ownership that exists when two or more persons have ownership rights in the same property is called. Co-ownership.
The basic requirements of a valid deed are (1) written instrument, (2) competent grantor, (3) identity of the grantee, (4) words of conveyance, (5) adequate description of the land, (6) consideration, (7) signature of grantor, (8) witnesses, and (9) delivery of the completed deed to the grantee.
Where is it necessary to define or explain in the deed the ownership to be enjoyed by the grantee? habendum clause. A habendum clause may follow the granting clause. The habendum clause begins with the words "to have and to hold."
Essential Deed ElementsThey must be in writing.The grantor must have the legal capacity to transfer the property and the grantee must be capable of receiving the grant of the property.The grantor and grantee must be identified in such a way as to be ascertainable.The property must be adequately described.More items...
Joint Tenancy: A form of vesting title to property owned by two or more persons, who may or may not be married or domestic partners, in equal interests, subject to the right of survivorship in the surviving joint tenant(s).
In order for a deed to be valid and legally enforceable, the deed must meet the following requirements: Must be in writing and convey title to real property. Signed by the grantor. Grantor's signature should be notarized.
A type of ownership of real or PERSONAL PROPERTY by two or more persons in which each owns an undivided interest in the whole.