Real Estate Deed Types and Covenants Flashcards

Flashcards to review deed types and covenants in real estate.

General Warranty Deed

The grantor warrants that the title has no defects, even those the owner didn't cause.

Special Warranty Deed

it has lesser title protection than General warranty deeds. The grantor warrants that the title doesn't have any defects caused by him.

Quitclaim Deed

Offers the least title protection and doesn't offer any warranty against defects.

Present covenants

(Acronym: Sellers Rights Exist) Covenant of Seisen, Right to convey, Covenant against encumbrances.

Future Covenants

(Acronym: Warrants assures title) Warranty, Covenant of Further Assurances, Quiet enjoyment

Seisin

Deed describes the land, and the grantor is the rightful owner.

Right to Convey

The grantor has the rights to convey the property.

Against Encumbrances

There are no undisclosed encumbrances that can lower a property's value.

Warranty (Covenant)

The grantor promises to protect against future encroachments.

Covenant of Further Assurances

The grantor assures that he will do whatever is reasonably necessary to cure future problems with title.

Quiet Enjoyment

The grantor promises to defend against future challenges to the grantee’s title.