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F - Chapter 16
Deeds
| Question | Answer |
|---|---|
| affirmative covenant | an agreement between property owners in planned communities to build fences, pay homeowners dues for maintenance or improve joint property (361) |
| bargain and sale deed | a deed that conveys title but makes no warranties (349) |
| deed | a legal instrument that conveys title to reap property on delivery and acceptance by the grantee (345) |
| deed restrictions | a condition in a title that regulates land use (360) |
| fiduciary deed | a special form of deed that conveys title and contains no warranties except that the grantor has the authority to transfer title - a fiduciary is a person who is legally able to sell and convey the property (350) |
| general warranty deed | most commonly used deed - conveys the seller's title and contains covenants of title, or warranties - provides the buyer with some protection against claims that might interfere with ownership (346) |
| quitclaim deed | an instrument that conveys the grantor's interest in the property (349) |
| restrictive covenant | a provision in a deed limiting the uses that may be made of the property (360) |
| special warranty deed | restricts the extent of the seller's warranty - seller warrants only against acts that he or she has done that might adversely affect title (348) |
| warranty deed | a deed that conveys title and warrants that the title is good, free of liens and encumbrances and that the grantor will defend against lawful claims (345) |
Created by:
rainesv