REE 3043 Chapter Notes - Chapter 3: Constructive Notice, Adverse Possession, Title Insurance
Document Summary
Deeds are the primary means of conveying interests in real property. Special form of written contract used to convey a permanent interest in a property. Requirements of a deed: grantor (with signature and grantee, words of conveyance, covenants, habendum clause, exceptions and reservations clause, description of land, acknowledgment, delivery. Doesn"t have to be of legal age/ legally competent. Words of conveyance serve 2 purposes: assure the grantor clearly intends to convey interest in real property, indicate the type of deed offered by the grantor. Exceptions and reservations clause- a clause in a deed that can contain a wide variety of limits on the property interest conveyed. The grantor may carve out mineral rights, timber rights, water rights or a variety of easements. Acknowledgment- confirm that the deed in fact is in intention and action of the grantor. Accomplished by having the grantor signature notarized or the =
