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Deeds

Types of Deeds

TermDefinition
General Warranty Deed Contains alll deed covenant, gives assurance of the quality of title and provides the most liability for title defects against the grantor.
Covenant of Seisin Grantor guarantees that he is “seized” or actually possess a fee-simple.
Covenant Against Encumbrance Grantor guarantees that the title is free of all encumrances expect those stated in the deed or on public records.
Covenant of Quiet Enjoyment Grantor covenants that the property is free from claims of others claiming it.
Covenant of Warranty of Title Grantees title against all claims and will compensate the Grantee with money if the title became defective.
Covenant of Further Assurance Grantor agrees that they will execute any instruments necessary to eliminate the problem.
Special Warranty Deed Conveys title but covenants only against claims arising out of the Grantors pierod of ownership.
Quit Claim Deed Used to relinquish or quit whatever interest the Grantor May have in property if any at all.
Bill of Sale Transfers title to Chattel.
Promissory note Evidence of debt.
State tax Paid by the seller to the state upon deed recording.
Easement The right given to a person or entity to use someone else’s property.
License Permission of a personal and temporary nature, granted to enter someone’s land for a particular purpose.
Encroachment A trespass of a building,tree, fence over the property line of another.
Adverse Possession A person occupies another person land for a period of time. 15 yrs.
Taxation The right of the government to charge property owner an amount in proportion to property value.
Eminent Domain The governments right to take private property.
Condemnation Action through which Eminent Domain is accomplished when an owner does not voluntarily agree to relinquish ownership.
Police Power This power is delegated by state to local municipal..
Escheat Property reverts back to the State when owner dies intestate and has no heirs.
Created by: medct
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