Ownership Lesson Five

Learning Objectives Understand the Conveyance of Ownership. Learn about Types of Deeds.

Title Transfer Conveyance of Ownership Voluntary Conveyances Involuntary Conveyances Transfer by Will Transfer by Laws of Succession Transfer by Accession

Voluntary Conveyance Private Grant Public Dedication Public Grant

Real Property Common Law Deeds

Deeds Grantor only Person Signing Deed Habendum “to have and to hold” Acknowledge Delivered and Accepted Recordation

Warranties in Deeds Covenant of Seisin Covenant against Encumbrances Covenant of Quiet Enjoyment Covenant of Warranty Forever Covenant of Further Assurance

Types of Deeds General Warranty Deeds (Best) Special Warranty Deed Bargain and Sale Deed Quit Claim Deeds (Least)

Personal Property “Bill of Sale” Uniform Commercial Code $500 must be in Writing to Prove Ownership