Which of the following is the document that transfers ownership of property quizlet?

A quitclaim deed provides the grantee with the least protection of any deed. It carries no covenants or warranties and generally conveys only whatever interest the grantor may have when the deed is delivered. If the grantor has no interest, the grantee will acquire nothing and will have no right of warranty claim against the grantor. A quitclaim deed can convey title as effectively as a warranty deed if the grantor has good title when the deed is delivered, but it provides none of the guarantees of a warranty deed. Through a quitclaim deed, the grantor only remises, releases, and quitclaims the grantor's interest in the property, if any.

A quitclaim deed is usually the only type of deed used to convey less than a fee simple estate. This is because a quitclaim deed conveys only the grantor's right, title, or interest without any warranty that the grantor has any right, title, or interest.

A quitclaim deed is frequently used to cure a title defect, called a cloud on the title. For example, if the name of the grantee is misspelled on a warranty deed filed in the public record, a quitclaim deed with the correct spelling may be executed to the grantee to perfect the title.

A quitclaim deed is also used when a grantor has apparently inherited property but it is not certain that the decedent's title was valid. A warranty deed from the grantor in such an instance would oblige the grantor to warrant good title, while a quitclaim deed would convey only the grantor's interest, whatever it may be.

One of the most common uses of the quitclaim deed is for a simple transfer of property from one family member or co-owner to another.

Under state law, one-half of an intestate decedent's property goes to the decedent's spouse, one- fourth is divided equally among the decedent's children, and one-fourth goes to the state. If there is no spouse, the children divide three-fourths equally. A citizen of this state dies intestate, survived by an ex-spouse and seven adult children. If the estate is $865,550, how much will each child receive under state law?

A) $61,825.25
B) $123,650.00
C) $92,737.50
D) $0

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Governments use their police power to promote the economic welfare, safety, health, and general prosperity of the community. These powers are a major source of restrictions of property ownership. For example, many governments have passed no-smoking regulations that prohibit anyone from smoking on a public property, even the owner.

States empower local, county, and city governments to exercise their police powers. The use of these powers can be seen in zoning ordinances and regulations, rent control regulations, building codes, health regulations, and city planning rules.

The property owner can make any use of the property within the borders set by the law.On the other hand, the government can impose regulations that restrict the owner's use of the property. The government does not have to compensate the owner for these restrictions. For example, zoning regulations may prevent the owner of a building from opening a bar in it, even though that would be the most lucrative use of the space. The owner can seek a special exception, but he cannot sue the government for income lost as a result of the zoning regulations.

Using the property for illegal purposes (e.g. growing marijuana hydroponically) will surely bring a visit from the police. On the other hand, even legal uses must conform to laws and regulations. An investor who gets low mortgage rates for an inner city fourplex must still comply with local health codes and city ordinances.

An easement is the right, privilege, or interest that a party has in the property of another. Easements generally provide some use of the land to parties other than the owner of the land. They are a species of what, in civil law, is known as 'servitude.' An easement may be created by deed, in a contract, by grant (either expressed or implied), by prescription, or by necessity.

An easement by prescription is an easement acquired by continuous, open, and hostile use for the period of time prescribed by law. This occurs when the use of property, such as a roadway, has continued uninterrupted for more than 20 years.

An easement by necessity is an easement allowed by law as necessary for the full enjoyment of a parcel of real estate. Sometimes the local government or utility companies need access to a property to maintain a public service. They get an easement by necessity, such as the right to access a telephone pole in the garden of a property owner.

Which of the following is the document that transfers ownership?

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