In New York real estate practice, what is a "bargain and sale deed with covenant against grantor's acts"?
Correct Answer
D) A deed that warrants the grantor has not impaired the title during their ownership
A bargain and sale deed with covenant against grantor's acts warrants that the grantor has not done anything during their period of ownership to impair or encumber the title. This is a limited warranty that covers only the grantor's actions, not defects that may have existed before the grantor acquired the property.
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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?
- → In New York, what type of property interest does a cooperative apartment represent?
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Robert owns property in Queens and wants to deed it to his three children as joint tenants with right of survivorship. Under New York law, what specific language must be included in the deed to create this tenancy?
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