This type of conveyance is used by mortgage lenders when a borrower has paid off their mortgage with the debt having been satisfied, the lender no longer has conditional claims to the property. Reconveyance deeds are used when prevailing conditions have changed and the deed needs to be 're-conveyed'. When you go to buy a piece of property, you ll do so with the intent of actually owning the land after the purchase has occurred.Quitclaim deeds are often used for gifting title as it is a basic type of deed that simply convey that the grantor does not hold any interest in the property being transferred. The grantor of a quitclaim deed makes no assertion over the ownership or condition of the property. Quitclaim deeds are used to convey title without any covenants.

Read about real estate and mineral rights conveyances. Commonly used by banks on foreclosed properties, these type of conveyances hold little to no claims regarding prior ownership of the property. Conveyance is the act of transferring ownership of a piece of property from one party to another. Certain instruments to be in writing 2-4 6. Trade Life estate Leased feeLeasehold Mineral rights reserved. Interpretation 1-2 Part II General Rules Affecting Property 3. 219) Contents Section Page Part I Preliminary 1. Conveyancing is the area of an Advocates business that deals with the alienation of an interest in land from one.

Bargain and sale deeds, sometimes called special warranty in other states, occur when the grantor makes assertions about the title, but the covenants in the agreement only relate to any time period in which the grantor owned the property. Conveyancing and Property Ordinance (Cap.

Conveyance of property rights