Q: What is real estate?
A: Real estate (also called real property) refers to land and things attached to land. For most consumers, real estate consists of their home and the lot surrounding it. commercial real estate may include factories, equipment, and other facilities. In addition to buildings and equipment, resources existing on (or under) the land, including mineral sand gas, are part of real estate. Some of these components of real estate can be sold separately. For example, a farmer could sell the mineral rights to a specific field to a mining company while retaining the right to farm the surface.
Q: What are deeds for?A: Deeds indicate, and are generally required to transfer, ownership of real estate. A deed contains the names of the old and new owners and a legal description of the property, and is signed by the person transferring the property. The differing kinds of deeds, such as quitclaim deed, a grant deed, or a warranty deed, transfer different interests. For example, a warranty deed assures the buyer that the seller will defend his title to the property from all other persons. A quitclaim deed conveys only whatever title the seller owns, with no warranty against claims of others. A warranty deed provides the buyer with the most legal protection.
Posted by sikander saleem at 2:20 AM
A: Real estate (also called real property) refers to land and things attached to land. For most consumers, real estate consists of their home and the lot surrounding it. commercial real estate may include factories, equipment, and other facilities. In addition to buildings and equipment, resources existing on (or under) the land, including mineral sand gas, are part of real estate. Some of these components of real estate can be sold separately. For example, a farmer could sell the mineral rights to a specific field to a mining company while retaining the right to farm the surface.
Q: What are deeds for?A: Deeds indicate, and are generally required to transfer, ownership of real estate. A deed contains the names of the old and new owners and a legal description of the property, and is signed by the person transferring the property. The differing kinds of deeds, such as quitclaim deed, a grant deed, or a warranty deed, transfer different interests. For example, a warranty deed assures the buyer that the seller will defend his title to the property from all other persons. A quitclaim deed conveys only whatever title the seller owns, with no warranty against claims of others. A warranty deed provides the buyer with the most legal protection.
Posted by sikander saleem at 2:20 AM
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