What does Seisin mean in real estate?
Seisin (or seizin) denotes the legal possession of a feudal fiefdom or fee, that is to say an estate in land.
It was used in the form of “the son and heir of X has obtained seisin of his inheritance”, and thus is effectively a term concerned with conveyancing in the feudal era..
What is Covenant of Seisin?
Covenant of seisin-Seisin means possession, and the grantor warrants that they own the property and have the legal right to convey it. Covenant against encumbrances-The Grantor warrants that the property is free of any liens or encumbrances unless they’re specifically stated in the deed.
What does Seised mean?
seized (seised) n. 1) having ownership, commonly used in wills as “I give all the property of which I die seized as follows:….” 2) having taken possession of evidence for use in a criminal prosecution. 3) having taken property or a person by force. ( See: seisin, seizure)
What does fee simple mean?
Fee simple is a term that refers to real estate or land ownership. The owner of the property has full and irrevocable ownership of the land and any buildings on that land.
What is a covenant against encumbrances?
The covenant against encumbrances promises to the grantee that the property being conveyed is not subject to any outstanding rights or interests by other parties, such as mortgages, liens, easements, profits, or restrictions on its. A sample covenant not to sue. use that would diminish its value.
What is a Possessional prerogative?
This is called ______. A possessional prerogative. An act of waste. An estate at sufferance. A lease option.