What is the main purpose of the covenant of Seisin?

A covenant of seisin is included in warranty deeds to protect a buyer's interest in the property. The purpose of modern covenants of seisin is to ensure ''quiet enjoyment'' of a property; an assurance that the property's new owner will not have the ownership rights disputed in the future.

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New York Bargain and Sale Deed Statutory Form CC. With Covenant...

Kings Bargain

Name: Kings New York Bargain and Sale Deed Statutory Form CC. With Covenant against Grantor by Corporation
Brand: US Legal Forms
Rating: 4.81 (460 reviews)

Category:

New York Real Estate - Deeds - Statutory

State:

New York

County:

Kings

Control #:

NY-02286

Format:

Instant download

Description

This form, a Bargain and Sale Deed (Statutory Form CC) with Covenant against Grantor - Corporation, is easily completed or adapted to fit your circumstances. Available for download now. The Kings New York Bargain and Sale Deed Statutory Form CC is a legal document used in real estate transactions in Kings County, New York. This specific type of deed includes a Covenant against Granter made by a corporation. Here is a detailed description of the Kings New York Bargain and Sale Deed Statutory Form CC with relevant keywords: 1. Definition and Purpose: The Kings New York Bargain and Sale Deed Statutory Form CC is a standardized legal instrument that facilitates the transfer of real property ownership from a corporation (granter) to another individual or entity (grantee). It is recognized and used specifically in Kings County, New York. This deed type protects the buyer by providing certain covenants or promises by the corporation. 2. Key Elements: Granteror: The corporation that currently owns the property and is transferring the ownership rights. — Grantee: The individual or entity acquiring the property from the corporation. — Property Description: The detailed legal description of the real estate being conveyed, including its boundaries, size, and any particular features. — Consideration: The agreed-upon monetary value or other forms of consideration that the grantee provides to the granter in exchange for the property. — Covenant against Granter: This covenant states that the granter, being a corporation, asserts it has full legal authority to sell the property, and there are no undisclosed liens, encumbrances, or claims against the property. 3. Importance of Covenant against Granter: The Covenant against Granter is a significant aspect of the Kings New York Bargain and Sale Deed Statutory Form CC. It ensures that the corporation transferring the property has valid ownership rights and power to convey the property. By providing this covenant, the corporation guarantees that no hidden issues or burdens exist, protecting the grantee from potential legal disputes or future claims against the property. 4. Different Types of Kings New York Bargain and Sale Deed Statutory Form CC: While there may not be different official variations of the Kings New York Bargain and Sale Deed Statutory Form CC, it may still be customized to suit the specific needs of the parties involved in a real estate transaction. It may be modified to include additional covenants, warranties, or conditions as mutually agreed upon between the granter (corporation) and grantee. In conclusion, the Kings New York Bargain and Sale Deed Statutory Form CC is a legally binding document designed for property transfers involving corporations in Kings County, New York. It includes a Covenant against Granter, assuring the grantee that the corporation has the authority to sell the property without any undisclosed claims or encumbrances.

The Kings New York Bargain and Sale Deed Statutory Form CC is a legal document used in real estate transactions in Kings County, New York. This specific type of deed includes a Covenant against Granter made by a corporation. Here is a detailed description of the Kings New York Bargain and Sale Deed Statutory Form CC with relevant keywords: 1. Definition and Purpose: The Kings New York Bargain and Sale Deed Statutory Form CC is a standardized legal instrument that facilitates the transfer of real property ownership from a corporation (granter) to another individual or entity (grantee). It is recognized and used specifically in Kings County, New York. This deed type protects the buyer by providing certain covenants or promises by the corporation. 2. Key Elements: Granteror: The corporation that currently owns the property and is transferring the ownership rights. — Grantee: The individual or entity acquiring the property from the corporation. — Property Description: The detailed legal description of the real estate being conveyed, including its boundaries, size, and any particular features. — Consideration: The agreed-upon monetary value or other forms of consideration that the grantee provides to the granter in exchange for the property. — Covenant against Granter: This covenant states that the granter, being a corporation, asserts it has full legal authority to sell the property, and there are no undisclosed liens, encumbrances, or claims against the property. 3. Importance of Covenant against Granter: The Covenant against Granter is a significant aspect of the Kings New York Bargain and Sale Deed Statutory Form CC. It ensures that the corporation transferring the property has valid ownership rights and power to convey the property. By providing this covenant, the corporation guarantees that no hidden issues or burdens exist, protecting the grantee from potential legal disputes or future claims against the property. 4. Different Types of Kings New York Bargain and Sale Deed Statutory Form CC: While there may not be different official variations of the Kings New York Bargain and Sale Deed Statutory Form CC, it may still be customized to suit the specific needs of the parties involved in a real estate transaction. It may be modified to include additional covenants, warranties, or conditions as mutually agreed upon between the granter (corporation) and grantee. In conclusion, the Kings New York Bargain and Sale Deed Statutory Form CC is a legally binding document designed for property transfers involving corporations in Kings County, New York. It includes a Covenant against Granter, assuring the grantee that the corporation has the authority to sell the property without any undisclosed claims or encumbrances.

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How to fill out Kings New York Bargain And Sale Deed Statutory Form CC. With Covenant Against Grantor By Corporation?

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A deed with covenants against grantor's acts provides that the grantor covenants that he or she had not done anything to encumber the property during his or her ownership, except as stated in the deed.

The three most common New York deeds are listed below: Warranty Deed. Bargain and Sale Deed. Quitclaim Deed.

A property covenant is an agreement between two or more parties regarding certain use of a piece of real property. The covenant will either benefit or burden the landowner. A covenant that burdens the landowner is also called a restrictive covenant.

A sale deed is a legal document that is used during a property transaction as an evidence of sale and transfer of ownership of a property from a seller to the buyer. This is the main document for the transfer of ownership. A sale deed is also referred to as the final deed or conveyance deed.

In New York, a bargain and sale deed with covenant against grantor's acts provides the grantee with a covenant that the grantor has not committed any act that would encumber title to the real property being conveyed and the covenant under Section 13 of the New York Lien Law.

A covenant of seisin is included in warranty deeds to protect a buyer's interest in the property. The purpose of modern covenants of seisin is to ensure ''quiet enjoyment'' of a property; an assurance that the property's new owner will not have the ownership rights disputed in the future.

A bargain and sale with covenants against grantor's acts contains only one covenant or promise; that is, that the grantor has done nothing to encumber title with easements, liens, judgements and the like while owing the property. The covenant contained in the deed is considered personal. It does not run with the land.

Quitclaim deed. A bargain and sale deed implies or infers that the seller has ownership of the property and can transfer its title, and is most common in foreclosure or tax sales.

Bargain and sale deed without covenants. - the grantor covenants that the title is valid, but does not warrant against encumbrances or promise to defend claims by other parties.

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New York City Real Property Transfer Report. A complete digitized form, usually required at the time of recording, even for non-sale transfers.This type of deed is statutory under NY Real Prop. A deed transferring title to real property from the grantor to the grantee. IN WITNESS WHEREOF, the party of the first part has duly executed this deed the day and year first above written. Index with free access to New York State law, legal forms and cases to help people represent themselves. Vidan Auto Salvage Corp. Was incorporated in New York on January 25, 1978. The individual making the promise or agreement is known as the covenantor, and the individual to whom such promise is made is called the covenantee. The charter reserved to the legislature the right to alter, amend, modify, or repeal.

New York State corporation law defines a corporation as a separate legal entity created by the law of “state of the United States of America, which shall be organized and operated for the common benefit of the people of such state.” As a part of the corporation there are three key elements: The name; The corporate charter; and The corporate seal. The names of the incorporates or incorporates who make it their business practice to issue “covenants of trust” or “express guarantees” or “statutory instruments” as they are often called, is quite telling. New York corporate law defines a member, as defined by New York law, as a corporation, limited liability company, or unincorporated association for purposes of the law. The corporation may issue the corporation's stock as well as lease or license its property. A new corporation cannot form until it has been approved by the state to operate legally and be exempt from state sales tax.

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Kings Bargain

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