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Legal Descriptions and Deeds- Chap. 19
Essential of New Jersey Real Estate, 12th Edition
21
Real Estate & Planning
Not Applicable
10/17/2016

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
Acknowledgment

 

Definition
declaration to notary or other official; to prevent forgeries

 

Term
Bargain and sale deed

 

Definition
deed implying that grantor owns the property

 

Term
Bargain and sale deed with covenants

 

Definition
deed stating grantor has not encumbered the property

 

Term
Benchmark

 

Definition
marker placed by U.S. Geological Survey, stating elevation

 

Term
Covenant

 

Definition
legal promise

 

Term
Datum

 

Definition
mean sea level in New York harbor; also local zero-elevation point

 

Term
Deed

 

Definition
document used to transfer title to a parcel of real property

 

Term
Delivery and acceptance

 

Definition
actions that actually transfer title

 

Term
Grantee

 

Definition
one who receives property through a deed

 

Term
Granting clause

 

Definition
clause in a deed that makes the transfer

 

Term
Grantor

 

Definition
one who transfers title by signing a deed

 

Term
Habendum clause

 

Definition
“to have and to hold” clause that explains ownership being transferred

 

Term
Legal description

 

Definition
description sufficient to identify a parcel with certainty that is accepted by a court of law

 

Term
Metes and bounds

 

Definition
description using boundaries and directions

 

Term
Monuments

 

Definition
landmarks, metes

 

Term
Point of beginning
Definition
spot at which a metes-and-bounds description commences
Term
Quitclaim deed
Definition
deed releasing any interest grantor may have without claiming seisin
Term
Rectangular survey system
Definition
government system for land description; used in Western states
Term
Section
Definition
one mile square
Term
Township
Definition
one mile square
Term
Warranty deed
Definition
deed providing grantee with the most protection
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