15
© OnCourse Learning Chapter 5: Transferring Title

© OnCourse Learning Chapter 5 : Transferring Title

Embed Size (px)

Citation preview

Page 1: © OnCourse Learning Chapter 5 : Transferring Title

© OnCourse Learning

Chapter 5: Transferring Title

Page 2: © OnCourse Learning Chapter 5 : Transferring Title

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

Page 3: © OnCourse Learning Chapter 5 : Transferring Title

Essential Elements of a Deed

Grantor/GranteeConsiderationWords of Conveyance & Land DescriptionSignatureDelivery & Acceptance

© OnCourse Learning

Page 4: © OnCourse Learning Chapter 5 : Transferring Title

Covenants & Warranties

SeizinQuite EnjoymentAgainst EncumbrancesFuture AssurancesWarranty Forever

© OnCourse Learning

Page 5: © OnCourse Learning Chapter 5 : Transferring Title

© OnCourse Learning

Example of a Warranty Deed

Page 6: © OnCourse Learning Chapter 5 : Transferring Title

© OnCourse Learning

Example of a Grant Deed

Page 7: © OnCourse Learning Chapter 5 : Transferring Title

© OnCourse Learning

Example of a Bargain and Sale Deed

Page 8: © OnCourse Learning Chapter 5 : Transferring Title

© OnCourse Learning

Example of a Quitclaim Deed

Page 9: © OnCourse Learning Chapter 5 : Transferring Title

Testate- with WillHolographic WillOral WillCodicil

Intestate – without WillDescent / HeirsProbate Court

Conveyance After Death

© OnCourse Learning

Page 10: © OnCourse Learning Chapter 5 : Transferring Title

© OnCourse Learning

Adverse Possession: Number of Years of Occupancy Required to Claim Tide

Page 11: © OnCourse Learning Chapter 5 : Transferring Title

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

Page 12: © OnCourse Learning Chapter 5 : Transferring Title

AccretionAlluvionRelictionAvulsionAnnexation

© OnCourse Learning

Ownership by Accession

Page 13: © OnCourse Learning Chapter 5 : Transferring Title

A transfer of land by a government body to a private party

© OnCourse Learning

PUBLIC GRANT

Page 14: © OnCourse Learning Chapter 5 : Transferring Title

DedicationForfeitureAlienation

© OnCourse Learning

ADDITIONAL TRANSFERS

Page 15: © OnCourse Learning Chapter 5 : Transferring Title

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