Chapter 19: Essentials Of New Jersey Real Estate. Key Terms Part 1

Question 1

Acknowledgment

Answer 1

A declaration to a notary or other official, to prevent forgeries.

Question 2

Bargain and sale deed

Answer 2

A deed implying that grantor owns the property.

Question 3

Bargain and sale deed with covenants

Answer 3

A deed stating grantor has not encumbered the property.

Question 4

Benchmark

Answer 4

A permanent reference more or point established for use by survey or’s in measuring differences in elevation.

A marker place by US geological survey to, stating elevation.

Question 5

Covenant

Answer 5

A legal promise; an agreement written into deeds and other instruments promising performance or nonperformance of certain acts or stipulating certain uses or non-uses of the property.

Question 6

Datum

Answer 6

A mean sea level in New York Harbor: also local zero elevation point.

Question 7

Deed

Answer 7

A document used to transfer title to a parcel of real property.

Question 8

Delivery and acceptance

Answer 8

The actions that actually transfer title.

Question 9

Grantee

Answer 9

The one who receives property through a deed.

Question 10

Grantor

Answer 10

The person transferring title to or an interest in real property to a grantee.

Question 11

Granting clause

Answer 11

The clause in a deed that makes the transfer.

Question 12

Habendum clause

Answer 12

The part of the deed beginning with the word to “leave and to hold” following the granting clause and defining the extent of ownership the grantor is conveying.

Question 13

Legal description

Answer 13

A description sufficient to identify a parcel with certainty that is excepted by a court of law.

Question 14

Metes and bounds

Answer 14

A description using boundaries and directions. A legal description of a parcel of land that begins at a well marked point and follows the boundaries, using directions and distances around the tracked back to the place of beginning. Like a clock.

Question 15

Monuments

Answer 15

A fixed natural or artificial object used to establish real estate boundaries for a mete and bounds description.

Question 16

Point of beginning

Answer 16

Spot at which a Metes-and-bounds description commences

Question 17

Quitclaim deed

Answer 17

A deed releasing any interest grantor may have without claiming seisin (ˈsēzən: possession of land by freehold)

Question 18

SEISIN..ˈsēzən

Answer 18

possession of land by freehold.

Question 19

Rectangular survey system

Answer 19

A system established in 1785 by the federal government providing for surveying and describing land by reference to principal meridian and baselines outside the 13 original colonies.

Question 20

Section

Answer 20

1 mile Square

Question 21

Township

Answer 21

6 mile Square

Question 22

Warranty deed

Answer 22

A deed in which the grantor fully warrants good clear title to the premises.