Categorize Date Deed For Free

A deed may be divided into three component parts: the premises; the habendum; and, the testimonium. The premises include the date, parties, consideration, granting clause, description, recital, and appurtenances.

The Premises clause, also known as the granting clause, is the only legally necessary clause required in a deed. This clause names the parties, contains words of conveyance, states a consideration, includes the date of transfer, and provides the legal description of the property being conveyed.

In addition to being deemed either official or private, deeds are also further classified as either general warranty, special warranty, or quitclaim.

Sheriff's Deed: This is given to the successful bidder at an execution sale held to satisfy a judgment that has been obtained against the owner of the property. The grantee receives whatever title the judgment debtor has.

There are up to six express covenants that may be found in a deed: the covenant of seisin, the covenant of the right to convey, the covenant against encumbrances, the covenant of quiet enjoyment, the covenant of general warranty, and the covenant of further assurances.

Date of this Deed means the date this deed is signed by all the Parties.

The granting clause is the part of the deed that contains wording such as 'sells' or 'grants' in order to indicate that the property is being conveyed. This clause is typically found in the premises section which names the parties, the date of execution, the consideration, and the legal description of the property.

The piece of paper (or form) executed by the officer before whom the formal declaration was made (for example, the grantor in a grant deed) is a Certificate of Acknowledgment.

A trust deed (or deed of trust) is a 3-party security instrument conveying title to land as security for the performance of an obligation. There are three parties to a trust deed: borrower (trustor), lender (beneficiary), and a third party, called a trustee, to whom legal title to the real property is conveyed.

The six most common types of deeds are: Quitclaim Deed. Deed of Trust. Warranty Deed.