Real Estate Principles 12e - PowerPoint for Ch 05

advertisement
Chapter 5: Transferring Title
© OnCourse Learning
Deed
A written document that, when
properly executed and delivered,
conveys title to land.
 Statute of Frauds requires that
transfers of real estate ownership
be in writing and signed in order
to be enforceable in a court of
law.

© OnCourse Learning
Essential Elements of a Deed
Grantor/Grantee
Consideration
Words of Conveyance & Land Description
Signature
Delivery & Acceptance
© OnCourse Learning
Covenants & Warranties
Seizin
 Quite Enjoyment
 Against Encumbrances
 Future Assurances
 Warranty Forever

© OnCourse Learning
Example of a Warranty Deed
© OnCourse Learning
Example of a Grant Deed
© OnCourse Learning
Example of a Bargain and Sale Deed
© OnCourse Learning
Example of a Quitclaim Deed
© OnCourse Learning
Conveyance After Death

Testate- with Will
Holographic Will
 Oral Will
 Codicil

Intestate – without Will
 Descent / Heirs
 Probate Court

© OnCourse Learning
Adverse Possession: Number of Years of Occupancy
Required to Claim Tide
© OnCourse Learning
Adverse Possession
Unauthorized occupation of another
person’s land for a period of time as
required by law.
 Color of Title – plausible appearance
of ownership interest.
 Easement by Prescription – acquired
by prolonged adverse use.

© OnCourse Learning
Ownership by Accession
Accretion
Alluvion
Reliction
Avulsion
Annexation
© OnCourse Learning
PUBLIC GRANT
A transfer of land by a
government body to a private
party
© OnCourse Learning
ADDITIONAL TRANSFERS
Dedication
Forfeiture
Alienation
© OnCourse Learning
Key Terms






Adverse possession
Bargain & sale deed
Cloud on the title
Color of title
Consideration
Covenant






Deed
Grantee
Grantor
Quitclaim deed
Special warranty deed
Warranty
© OnCourse Learning
Download