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Ownership Lesson Five.

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Presentation on theme: "Ownership Lesson Five."— Presentation transcript:

1 Ownership Lesson Five

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

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

4 Voluntary Conveyance Private Grant Public Dedication Public Grant

5 Real Property Common Law Deeds

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

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

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

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


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