This type of deed is designed to transfer any title, claim, or interest in the property that the grantor may have, but it makes no assurances that such title is legally legitimate. It is generally performed by people who are familiar with one another. Quitclaim DeedĪ quitclaim deed is typically executed when both parties have some form of relationship with one another, such as family members, divorced couples, and friends. Info: Filiation means the fact of being the child of a particular parent or parents. If interested, learn about the Rules of Adoption under Hindu Laws. It is a legal document in which all biological parents or parents’ rights & duties and filiation are transferred to adoptive parents. The adoptive family bestows the adopted kid the rights, privileges, and responsibilities of a child and heir. Adoption DeedĪdoption is the process of establishing a parent-child bond between people who are not biologically related. And second, that the property was free of encumbrances during the grantor’s ownership term. The grantor of this sort of deed only makes two warranties- first, that the grantor has title to the property. The grantor or seller’s guarantee, which is offered to the buyer or grantee, does not cover the property throughout its history but just for the time when the grantor owned it. Special Warranty DeedĪ special warranty deed does not provide the buyer with the same level of protection as a general warranty deed. The grantor provides several covenants, sometimes known as warranties, for the title in a general warranty deed, promising that the title to the property is good and clear and that the property is free of any obligations and liabilities. The warranties conveyed and pledged, bind the seller or grantor legally. General Warranty Deedįor residential real estate sales, a general warranty deed is commonly utilised. It is legal only if given out of natural love and affection, without expecting anything in return, by a family member or friend to another family member/friend. Under section 122 of the Transfer of Property Act, 1822, the donor can freely transfer an existing movable or immovable property to the donee through the use of a gift deed. Gift DeedĪ gift deed is a legal document that reflects the transfer of a gift. Here is more about Lease under the Transfer of Property Act. Essentially, it certifies the lessee’s ownership rights and interests in the leased property. Lease DeedĪ lease deed is a legal document or instrument required for the performance of a lease. Learn What is Mortgage and Six Types of Mortgage. It aids in the identification of the true owner of the mortgaged property. The deed explains everything there is to know about the property’s interest and title. Mortgage DeedĪ mortgage deed is a legal instrument that provides all relevant information about the loan, such as the parties involved, the property held as collateral, the amount of loan taken, the interest rate, and so on. Both parties must be satisfied with the terms and conditions before a sale deed can be signed. The buyer and seller must sign a sale deed before the property purchase or sale is legally completed. It is the most crucial document because it officially documents the proof for both the buyer and the seller. Sale DeedĪ seller transfers ownership, title, and other property rights to a buyer in a sale deed. The Clerk of Court issues a Certified Copy of Cancellation for proof of the encumbrance that has been cancelled.Let us learn more about the kinds of deeds. There are different types of authorities presented to the Clerk of Court depending on what type of encumbrance needs to be cancelled.Īll note and authorizations are kept on record with the Clerk of Court after they are presented for cancellation. This department records cancellations in the mortgage record books when the proper authority is presented. While some were saved or restored, many of our 1800-1910 records have been lost. THE EFFECT OF THE FIRE OF 1910 – RECORDS INCOMPLETEĭue to fire on Apin downtown Lake Charles, many of our early records are incomplete. The department staff is available to perform limited land record searches for the public at $1.00 per page for copies. Plats (A map defining how a piece of property is divided) They are listed in date order received for recording by the Clerk of Court. The Mortgage Indexing is organized by name of Mortgagor (debtor) and by Mortgagee (payee). Other instruments (the effect of which is to transfer real property or interest and rights therein) RECORDS OF REAL ESTATE TRANSACTIONS WHICH INCLUDE: The Conveyance Index is organized by names of Vendor (seller) and Vendee (buyer).
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