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LSDefine

Simple English definitions for legal terms

deed

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A quick definition of deed:

A deed is a legal document that shows who owns a piece of property, like a house or land. It's important because it tells everyone that the new owner has the right to use and sell the property. The deed has to be written down and signed by the old owner and given to the new owner. There are different types of deeds, but the best one is called a warranty deed because it promises that the old owner really owns the property and that there are no problems with it. Other types of deeds don't promise as much, so it's important to be careful when buying property.

A more thorough explanation:

A deed is a legal document that transfers ownership of a property from one person to another. It is usually recorded in the local county clerk’s office to protect the new owner's title and ownership. A valid deed must be in writing and contain certain elements, including:

  • The names of the grantor and the grantee
  • Words of conveyance, such as “grant, convey, assign, transfer, and give”
  • The property’s legal description
  • An affidavit or statement of consideration
  • The grantor's signature and delivery to the grantee

There are different types of deeds, including:

  • Warranty Deed: Provides full warranties from the grantor to the grantee, including six traditional Covenants for Title:
    • Covenant of Seisin
    • Covenant of Right to Convey
    • Covenant Against Encumbrances
    • Covenant of Quiet Enjoyment
    • Covenant of Warranty
    • Covenant of Further Assurances
  • Special Warranty Deed: Warrants only against defects that occurred during the seller's ownership
  • Quitclaim Deed: Makes no warranties about the property's title

For example, if John sells his house to Jane using a warranty deed, John promises that he has good ownership of the property, has not contracted to sell it to anyone else, and that there are no encumbrances or liens on the property. John also promises to defend Jane against anyone who claims title to the property in the future. If John sells the property to Jane using a quitclaim deed, he makes no promises about the property's title and only transfers whatever interest he currently has in the property, if any.

deduction | deed in lieu of foreclosure

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lilypadfrog
12:57
我没有决定
atwatodbit
12:57
加油,等一會人一定會開始收好新聞
12:57
@atwatodbit: haha I feel like this cycle its not rlly all ab stats tho
atwatodbit
12:59
@sadpadresfan: for sure, but you're certainly as strong as me though. Hold on whether its later today or weeks from now. Plus you got da berk A, I am jealous
lilypadfrog
12:59
每个人都说“你的考试成绩这么好,你会得到很好的决定”,但我没有!
texaslawhopefully
12:59
oof I think I'm going to miss the penn wave
texaslawhopefully
12:59
are they still calling
Trismegistus
12:59
hey tex me too lmfao
choosingpeace
12:59
@texaslawhopefully: me too yayyy
lilypadfrog
12:59
we did it reddit
13:00
@atwatodbit: haha ty wishing you the best as well
cumsock
13:00
careful! i graduated from reddit university
13:00
@texaslawhopefully: another day another missed wave??
lilypadfrog
13:01
what if I started using redditisms
lilypadfrog
13:01
thank you kind stranger for the gold
Trismegistus
13:01
do all my hopes and dreams and sanity rest on chicago now
texaslawhopefully
13:01
@sadpadresfan: prolly. My only hope is my last name is towards the end of the alphabet
lilypadfrog
13:01
i hope u guys would put me down like a dog that bit a baby
Trismegistus
13:02
@texaslawhopefully: i saw 3/4 down alphabet then 30- mins later 1/2 down alphabet
texaslawhopefully
13:02
so they're still calling?
Trismegistus
13:03
that i dont know
KeenHeartbreakingRattlesnake
13:03
the Penn e wave is about to cook me
atwatodbit
13:03
@sadpadresfan: did you get your Cornell scholly with your A at the same time? I think they gave me nothing...
lilypadfrog
13:04
tex also got cornell scholly ask him
texaslawhopefully
13:04
there's a form you fill out
texaslawhopefully
13:04
and they'll get back to you within a few days
13:04
@atwatodbit: they emailed me a day after submitting the form
atwatodbit
13:05
ah ok, i've seen that, just need to get parental info then. just making sure
13:05
Feeling fortunate and its my top choice as of now haha
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