deed

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Related to deeds: Types of Deeds, Warranty Deeds

Deed.

A deed is a written document that transfers ownership of land or other real estate from the owner, also known as the grantor, to the buyer, or grantee.

The form a deed takes varies from place to place, but the overall structure and the provisions it contains are the same. The description of the property being transferred is always included.

When you use a mortgage to purchase the property that's being transferred by deed, you may receive the deed at the time of purchase, with the lender holding a lien on the property. Or the deed may belong to the lender until you have paid off the mortgage.

In either case, a deed's creation must be witnessed and should be recorded with the appropriate local authority to ensure its validity.

deed

A written document properly signed,acknowledged,and delivered,and bearing a description of specific property and words of conveyance for that property.

References in periodicals archive ?
Moreover, the deeds clipped with eyelets were appeared to be removed with some instrument and re-locked again.
Disputes have erupted in many areas over absence of title deeds.
Dr Swazuri said the school would be among those issued with a title deed.
Relying on the title that it purportedly acquired via the Tax Deed, T11 Funding commenced a landlord-tenant proceeding seeking to evict Forest Glen and its tenant from the property.
The buyer, the court said, would be meeting his contractual obligations but having a third party -- the bank -- objecting to the issuance of title deeds, effectively claiming and receiving possession of the property, would be paradoxical and irrational.
Contrary to what they agreed upon, the deed of absolute sale provides, among others, that Rey acknowledged receipt of the purchase price in full and that the entire Mabolo property was sold to Mon.
TWO WAYS TO LET YOUR HOME DEEDS property also offer two different ways to let your home, depending on which suits your needs best.
There are narrations to the same effect, stressing that deeds have to be good and righteous.
Generally, lenders across the country have been wary to accept deeds in lieu where junior liens existed on the title, such as a mechanic's lien or a second mortgage.
And some properties simply do not have title deeds stating the current owner.
He also said that the Lands Department began the process of issuing title deeds for developments for which no interest has been expressed by either the owner or the buyer.
The real work lies ahead,'' Deeds told a National Press Club audience Monday.