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What Is The Difference Between A Warranty Deed And A Quit Claim Deed?
Authored by House List.Com | Published: 2020-04-01 17:03:43 UTC
A Warranty Deed is the transfer of real estate from one person to another, which warrants good and clear title to the real estate transferred. This means that the grantor (the person issuing the Warranty Deed) will defend and guarantee the worthiness of title to the grantee (the purchaser or person receiving the property) against any persons or entities making claims against the property. In many states, a Warranty Deed often includes some or all of the following covenants: seisin, quiet enjoyment, right to convey, freedom from encumbrances, and defense of title against all claims.
In a Quit Claim Deed, the grantor transfers to the grantee all the right, claim, or interest in the real estate that the grantor possesses. It does not contain any of the covenants or warranties found in a Warranty Deed. It does not covenant or warrant that the grantor's interest in the real estate is valid, but simply transfers any interest, claimed by the grantor, to the grantee.
A Warranty Deed provides a buyer of real estate property far more protection than a Quit Claim Deed.
What Is The Difference Between An Offer To Buy Real Estate And A Real Estate Contract?
Authored by House List.Com | Published: 2020-03-13 16:40:56 UTC
It is important to note that an Offer to Buy Real Estate and a Real Estate Contract are not the same thing.
An Offer to Buy Real Estate or a Purchase Agreement are contracts between a buyer and a seller agreeing that a sale of real estate will take place in the future between the parties. It usually includes the purchase price, the description of the real estate to be sold, the identities of the parties, the date when the sale will be closed, and when possession of the real estate is to be transferred to the buyer. In most Jurisdictions, an Offer to Buy Real Estate or a Purchase Agreement is not the actual conveyance or transfer of title.
A Real Estate Contract is an agreement to transfer the title to real estate to a person, at some specified time in the future, contingent upon that person completing all payments for the real estate at the set purchase price. The Real Estate Contract contemplates and outlines the execution of a deed in the future. The seller is known as a vendor and the buyer is known as a vendee. The vendor gives a deed to the vendee once the vendee has performed their obligations under the contract. Until such time, the vendor retains title to the real estate.
Can A Landlord Enter A Residence?
Authored by House List.Com | Published: 2020-02-04 20:08:34 UTC
A landlord may give notice in order to: inspect the premises; make necessary or agreed upon repairs, decorations, alterations, or improvements; supply necessary or agreed upon services; or to exhibit the premises to prospective or actual purchasers, mortgagees, tenants, workers, or contractors.
For residential tenancies, the landlord must give twenty-four (24) hours’ notice, except in the case of emergencies. Each jurisdiction may have specific additional requirements for notice to enter.
The time requested for access must be reasonable. The tenant must not unreasonably withhold consent or access to the landlord to enter the premises.