Chap. 5 Flashcards

(4 cards)

0
Q
  • covenant of seisin-warrants the grantor has the right to convey title;
  • covenant against encumbrances-warrants the property is free from liens or encumbrances unless expressly stated;
  • covenant of quiet enjoyment- makes the grantor liable for damages if the grantee’s title is found to be inferior;
  • covenant of further assurance- the grantor’s promise to obtain any other document necessary to convey good title;
  • covenant of warranty forever- the grant it’s promise to compensate the grantee if the title fails at any future time
  • three common types of deeds*
A

General warranty deed

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1
Q

Adverse possession

A

Property seizure occurring when someone who is not the lawful property owner takes possession of property for the length of time specified by stater law and usually in a way that is Open,Continuous,Exclusive,Adverse,Notorious

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2
Q

Two warranties:

  • warranty that the grantor received title
  • warranty that property was unencumbered by grantor
  • three common types of deeds*
A

Special warranty deed

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3
Q
  • no express or implied covenants or warranties
  • used primarily to convey less than fee simple or to cure a title defect
  • three common types of deeds*
A

Quitclaim deed

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