Helen is selling her property in Schenectady and the buyer requests the most basic deed that simply implies Helen has some title to convey but includes no express warranties. What type of deed should Helen provide?
Correct Answer
B) Bargain and sale deed
A bargain and sale deed is the most basic deed that implies the grantor has some title to convey. It provides more assurance than a quitclaim deed (which makes no implications about title) but includes no express warranties like a warranty deed would.
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- → Jennifer inherits her grandmother's cooperative apartment in Brooklyn. The proprietary lease has 75 years remaining. What happens to Jennifer's ownership interest if the proprietary lease expires?
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Previous Question
Robert executes a deed conveying his property in Buffalo to his son William, but includes a clause stating "this conveyance is void if the property is ever used for commercial purposes." Under New York law, what type of estate has Robert created?
Next Question
Sarah is selling her house in Albany, New York. Her attorney prepares a deed that includes covenants that she has good title, has the right to convey, and will defend the title against future claims. What type of deed is Sarah's attorney most likely preparing?