This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
New Mexico Title Curative
Category:
State:
Multi-State
Control #:
US-OG-836
Format:
Word;
Rich Text
Instant download
Description
How to fill out Title Curative?
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FAQ
A defective title is ownership of property or assets that cannot be legally transferred due to claims by someone else. While the seller has an obligation to present marketable title to real property, the buyer is also responsible for examining any title defects and giving notice of any defect to the seller.
Often, the curative process must occur because there is someone on the title records who does not currently have an ownership interest in the property. For example, the person selling the home may have divorced, but their former spouse could still be on the county recorder's paperwork.
Curative or therapeutic care refers in part to treatments and therapies provided to a patient with the goal of curing an illness or condition. The terms are also used for treatments that delay disease progression even when a cure is not possible.
A defective title is unable to be legally transferred until liens or other debts are settled. Title insurance is frequently purchased as protection against certain title defects. Title defects include survey disputes, liens such as mortgages or unpaid taxes, and missing links in the history of title transfers.
Title curative services are there to correct any defects or clouds on the title that prevent a closing from happening on time. These defects are typically the result of an error committed during a past closing on the same property.
