Unit 6 Flashcards
(17 cards)
Acknowledgment
A formal declaration, made before a notary public, that the person who is signing the deed is doing so voluntarily and that the signature is genuine.
Deed
A written instrument by which an owner intentionally conveys the right, title, or interest in a parcel of real estate to someone else.
Grantee
The person who acquires title by gift or sale.
Quiet Enjoyment
A guarantee in a deed that the grantee’s title will be good against any third party who might bring legal action to establish superior title.
Grantor
The person who transfers title.
Granting Clause
A statement of the intention to convey property by deed.
Seisin
A covenant in a deed that warrants that the grantor is the owner of the property and has the right to convey it.
Title
The right to, and evidence of, ownership of land.
Voluntary Alienation
The transfer of title by gift or sale.
Devise
The gift of real property by will.
Involuntary Alienation
The transfer of title without the owner’s consent.
Probate
A formal judicial process to confirm a will’s validity and to see that assets are distributed correctly.
Quitclaim
A deed that contains no covenants, warranties, or implications, and that provides the least amount of protection of any deed.
Special Warranty
A type of deed that warrants only that the grantor received title and that the property has not been encumbered during the grantor’s ownership.
Bargain and Sale
A deed that contains no express warranties against encumbrances, but implies that the grantor holds title and possession of the property.
Testate
Having prepared a will indicating how property is to be disposed of after death.
Testator
The person who makes a will.
