Conveyance of Land Law

Conveyance of Land Legal Issues:

Conveyance of Land Law:

A conveyance of land is a transfer of interest in real property, such as a commercial, estate or home. A conveyance occurs when the grantor, the owner of real property conveys their property to the grantee, the person receiving the property.

Types of Property Conveyance

There are four different types of conveyances to real property. Each type has its own variations and the court will not honor the conveyance if it does not fit within one of the four types of conveyances.

The four types of conveyances are:

• Fee simple absolute: The holder of a fee simple absolute has both the present and future interest in the property. At any time the holder can sell all or any part of the property or will the property at his/her death.
• Fee tail: A fee tail is a conveyance of property meant to keep the property interest in the bloodline of the individual receiving the interest. This conveyance is recognized in only a few states.
• Life estate: A life estate is an interest in property measured by the duration of an individual's life, usually the person receiving the property. The interest in a life estate ends upon the measuring life's death.
• Fee simple Defeasible: A fee simple defeasible is one that may have conditions or limitations placed on the interest. If the conditions or limitations are violated, then the property interest may either go back to the original owner or a specified third party.

Benefits of working with a Real Property Lawyer

The owner of a property looking to preserve the future interests of their property can ensure this happens by working with a Real Property Lawyer. If you hold interest in a property then a real property lawyer would be able to tell your rights and responsibilities in your interest.

Lawyer Referral Service

If you hold interest in property and needs assistance with the conveyance of land, contact Attorney Search Network today for a free lawyer referral.

If you have any questions about the information provided above, please contact us. Call us toll free at (800) 215-1190 or fill out our online form for your Real Property lawyer referral.