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Legal title is actual ownership of the property as when the property has been bought, the seller paid in full and a deed or title is properly recorded. Equitable title separates from legal title upon the death of the legal title holder (owner).
A deed is a legal document that is signed and delivered, especially concerning the ownership of property or legal rights. Specifically, in common law, a deed is any legal instrument in writing which passes, affirms or confirms an interest, right, or property and that is signed, attested, delivered, and in some jurisdictions, sealed.
The names of these offices are usually the "Recorder of Deeds" or something similar. State statutes also prescribe the following elements: What instruments are entitled to be recorded, usually deeds, mortgages (whether or not in the form of deeds of trust), leases (usually longer term varieties), easements, and court orders. There is generally ...
A general warranty deed is the most common deed you'll come across in a standard home sale. ... a licensed Florida attorney and broker and owner of Re/Max Capital Realty in Lutz, Florida. A ...
What’s the difference between conveyance and reconveyance? Conveyance is the act of transferring property ownership from one person or entity to a new person or entity.
In the United States, all claims of land ownership can be traced back to a land patent, first-title deed, or similar document regarding land previously owned by France, Spain, the United Kingdom, Mexico, the Kingdom of Hawaii, Russia, or Native Americans. Other terms for the certificate that grants such rights include "first-title deed" and ...
Privity may be instantaneous and mutual; instantaneous privity is present when the restrictive covenant is within the deed initially conveyed from the grantor to the grantee. There must be strict vertical privity of estate. Vertical privity characterizes the relationship between the original party to the covenant and the subsequent owner.
A lease and release is a form of conveyance of real property involving the lease of land by its owner ... Between its parties it achieves the same outcome as a deed ...