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16 Cards in this Set
- Front
- Back
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A written legal document by which ownership of real property is transferred from one party to another is a ? |
Deed |
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The two parties to a deed are the ? |
Grantor and Grantee |
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In order to convey title, a deed must be signed by the? |
Grantor |
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Title does not pass to the grantee untill the deed is? |
Delivered and accepted |
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Assurance to the grantee that he will not be disturbed by someone else with a lawful interest is the covenant of ? |
Quiet enjoyment |
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The type of deed considered the best deed for the grantee is the ? |
General warranty deed |
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A deed that conveys whatever interest in the property the grantor holds at the time of the conveyance and contains no covenants or warranties is a? |
Quitclaim deed |
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A deed with warranties that apply only to the period the grantor owned the property is a ? |
Special warranty deed |
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Property owned by one person is said to be owned in? |
Severalty |
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A form of concurrent ownership in which each tenant owns an individual ownership share in the entire property and has no right of survivorship is ? |
Tennants in common |
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A form of concurrent ownership in which all owners have equal share of the property and have rights of survivorship is ? |
Joint tenancy |
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An individual interest in a resort condominium as a tenant in common for at least five times over five years is a? |
Time share |
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A condominium is created by filing a? |
Declaration |
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__?__ does not require co owners to go through probate to obtain title. |
Joint tenancy |
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A person that holds stock in a building owned by a corporation owns the rights to a ? |
Cooperative |
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An owner who fails to inspect her eeal property and give notice to a trespasser might lose the right of ownership through? |
Adverse possession |
