The transfer on death (TOD) deed allows property owners to transfer their property to specified beneficiaries upon their death, bypassing the probate process.
A valid deed requires the signature of the grantor (the person transferring the property) to demonstrate their intention to transfer the property.
The covenant of seisin guarantees that the grantor holds proper ownership of the property being conveyed.
The doctrine of recording acts gives priority to a bona fide purchaser who takes title to property without notice of another's equitable interest, provided they record their interest.
An easement in gross benefits a particular piece of land and is not dependent on the identity of the landowner.
The doctrine of lateral support requires landowners to use their property in a way that doesn't cause harm or subsidence to neighboring properties.
Adverse possession allows a person to acquire title to abandoned property by occupying and using it openly and exclusively for a specified period.
Joint tenancy includes the right of survivorship, meaning when one joint tenant dies, their interest automatically passes to the surviving joint tenants.
A quitclaim deed provides the least protection for the grantee, as it conveys only the interest the grantor has, without warranties of title.
The covenant of good use requires the tenant to use the leased property responsibly and in a lawful manner.
A trust agreement establishes the legal relationship between a trustee and beneficiaries in a trust, outlining the terms of property management and distribution.
Probate is the legal process through which a deceased person's property is distributed to their heirs or beneficiaries.
A lis pendens is a legal notice that indicates a pending lawsuit involving real property and alerts potential buyers or lenders of the dispute. It helps preserve the property's value until the lawsuit is resolved.
The statute of frauds requires that contracts for the sale of real property be in writing to be enforceable.
The nuisance doctrine prevents property owners from using their property in a way that unreasonably interferes with another's use and enjoyment of their property.
Adverse possession is the legal principle allowing someone to gain ownership of real property by possessing it openly and adversely to the owner's interests for a statutory period.
