University of Georgia REAL 4000
UGA Real estate 4000 Dietz Exam 1with
question and answer 100% correct
Terms in this set (103)
Real estate title Real estate cannot have a regular title because it is a
complex bundle of rights, rights are enduring, and land
boundaries are not obvious.
Conveyance of real property Real property is conveyed through a deed, supported by a
title search, chain of title, and evidence of title.
Additional measures for conveyance Title insurance and refined property descriptions may be
required.
Deed a written contract, known as an instrument, used to convey
permanent interests in real property, such as fee simple
absolute, life estates, conditional fees, deed restrictions,
and easements.
Enforceability of a deed A deed must be in writing to be upheld by a court.
Requirements for a grantor The grantor must be of legal age, legally competent, and
must sign the deed.
Requirements for a grantee The grantee does not need to meet a legal age or
competency requirement but must be identifiable.
Recital of consideration A minimal statement like 'For $10 and other valuable
consideration' suffices as a recital of consideration.
Words of conveyance Words like 'does hereby grant, bargain, sell, and convey'
affirm the grantor's intent to transfer ownership and determine
the type of deed.
Covenants in a deed Covenants are legally binding promises included in a deed.
Covenant of seizin It is a promise that the grantor has good title and the right
to convey it.
Covenant against encumbrances It ensures that there are no undisclosed encumbrances,
such as liens or easements, that restrict ownership rights.
Covenant of quiet enjoyment It guarantees that no one else has a superior claim to the title.
Habendum clause A habendum clause defines the interest being conveyed, such
as easements ('for use as'), conditional fees ('so long as'), or
fee simple absolute ('and his/hers heirs and assigns forever').
, Exceptions and reservations clause It may contain deed restrictions, clauses withholding
mineral or oil rights, or the creation of easements.
UGA Real estate 4000 Dietz Exam 1with
question and answer 100% correct
Terms in this set (103)
Real estate title Real estate cannot have a regular title because it is a
complex bundle of rights, rights are enduring, and land
boundaries are not obvious.
Conveyance of real property Real property is conveyed through a deed, supported by a
title search, chain of title, and evidence of title.
Additional measures for conveyance Title insurance and refined property descriptions may be
required.
Deed a written contract, known as an instrument, used to convey
permanent interests in real property, such as fee simple
absolute, life estates, conditional fees, deed restrictions,
and easements.
Enforceability of a deed A deed must be in writing to be upheld by a court.
Requirements for a grantor The grantor must be of legal age, legally competent, and
must sign the deed.
Requirements for a grantee The grantee does not need to meet a legal age or
competency requirement but must be identifiable.
Recital of consideration A minimal statement like 'For $10 and other valuable
consideration' suffices as a recital of consideration.
Words of conveyance Words like 'does hereby grant, bargain, sell, and convey'
affirm the grantor's intent to transfer ownership and determine
the type of deed.
Covenants in a deed Covenants are legally binding promises included in a deed.
Covenant of seizin It is a promise that the grantor has good title and the right
to convey it.
Covenant against encumbrances It ensures that there are no undisclosed encumbrances,
such as liens or easements, that restrict ownership rights.
Covenant of quiet enjoyment It guarantees that no one else has a superior claim to the title.
Habendum clause A habendum clause defines the interest being conveyed, such
as easements ('for use as'), conditional fees ('so long as'), or
fee simple absolute ('and his/hers heirs and assigns forever').
, Exceptions and reservations clause It may contain deed restrictions, clauses withholding
mineral or oil rights, or the creation of easements.
