Chapter 18 Real Estate B

Front 1

general warranty deed

Back 1

highest form of deed in which grantor become liable for all possible covenants, or legal promises, assuring good title

Front 2

grantee

Back 2

the recipient of a conveyance

Front 3

grantor

Back 3

the person or entity conveying the real property interest to the grantee

Front 4

habendum clause

Back 4

clause in a deed that defines or limits the type of interest being conveyed

Front 5

implied easement

Back 5

a right of use not created by an explicit deed, or explicit clause in a deed. It often is created when a subdivision map is placed in the public records

Front 6

intestate

Back 6

conveyance of a decedent's property without a will

Front 7

judicial deed

Back 7

a deed issued through a court ordered proceedure

Front 8

law of descent

Back 8

the laws and proceeducres controlling howa state will convey a decedent's estate among hte heirs if no will exists

Front 9

marketable title

Back 9

title to real property that is free of reasonable doubt

Front 10

marketable title laws

Back 10

state laws intended to limit the number of ears that tiltle search must 'reach back'thru the title 'chain'

Front 11

metes and bounds

Back 11

method of describing real estate in which a mete is a unit of measure ( foot mile) and a bound is a boundary marker. essentially, a sequence of directed distances that are the boundaries of the property

Front 12

patent

Back 12

special type of deed that conveys title to real property owned by government to a private party

Front 13

plat lot and block number

Back 13

an unambiguous means to provide a description of property that identifies each parcel in a surveyed map of a subdivision

Front 14

principal meridian

Back 14

a line of geographic reference that runs north and south in a government rectangular survey

Front 15

probate

Back 15

state law that governs the disposition procedure of the conveyance of real property upon the death of a property owner