A Bargain and Sale Deed is a type of real estate contract that conveys property and transfers title to the buyer without any guarantee from the seller regarding the validity of the title.
The closing date in real estate is the date on which the seller delivers the deed and the buyer pays for the property. This pivotal moment marks the culmination of the real estate transaction, involving the transfer of title from seller to buyer.
A conditional sale involves a transaction where the vendee gains possession and use of goods while the title transfer is contingent upon specific conditions, typically full payment of the purchase price. It may also refer to a purchase accompanied by a resale agreement under certain terms.
Delivery involves the voluntary transfer of title or possession from one party to another, often requiring actual or constructive delivery to complete the transfer. Essential for real estate and other asset transactions.
An unrecorded deed is a legal instrument that transfers title from one party (grantor) to another party (grantee) without providing public notice of the change in ownership. It is essential to record a deed to protect one's interest in real estate.
A comprehensive guide to understanding voluntary conveyance, including its definition, process, legal implications, and key considerations.
