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level: Level 1 of Transfer of Title

Questions and Answers List

level questions: Level 1 of Transfer of Title

QuestionAnswer
Titleright to or ownership of the land. represents the owners bundle of rights. evidence of ownership
voluntary alienationlegal term for the transfer of title during the property owners lifetime
grantorconveys property to a grantee
granteereceives property from a grantor
deedinstrument that conveys property from grantor to grantee
habendum clausedefined the ownership right received by the grantee
acknowledgementa formal voluntary declaration on the deed before a notary public
general warranty deedprovides the greatest protection to the buyer because the grantor is legally bound
special warranty deedwarranty that the grantor received the title an property was unencumbered by grantor
bargain and sale deedimplication that grantor holds title and possession
quitclaim deedleast protection of any deed, carries no convenants or warranties, conveys less that fees simple or to cure a title defect
involuntary alientaiontitle to property transferred without the owners consent
intestatedies without a valid will. title is passes to the heirs identified in the states law intestate succession
adverse possessioninvoluntary transfer. ONCHA - open, notorious, continuous, hostile, adverse
probatewhen title passes by will or descent, the estate must go through a formal judicial process, in which the successor to the property title will be recognized
testatorthe person who makes the will
devisethe gift of real property by will
deviseethe person who receives real property by devisee
primary heirssurviving spouse and children by birth or adoption, or close blood relative if has no