Property OwnershipMEDIUM
The most commonly used deed in New York residential transactions is:
Correct Answer
B) Bargain and sale deed with covenants
Bargain and sale deed with covenants against grantor's acts is standard in NY.
Answer Options
A
Quitclaim deedB
Bargain and sale deed with covenantsC
General warranty deedD
Special warranty deedVideo Explanation3 min
Audio Lesson3 min
Study Infographics
Why This Is the Correct Answer
Sign up free to unlock full analysis
Why the Other Options Are Wrong
Sign up free to unlock full analysis
Deep Analysis of This Property Ownership Question
Sign up free to unlock full analysis
Background Knowledge for Property Ownership
Sign up free to unlock full analysis
Sign up free to unlock full analysis
Real World Application in Property Ownership
Sign up free to unlock full analysis
Related Topics & Key Terms
Related Topics:
property-title-transferreal-estate-contractsnew-york-real-estate-lawdeed-types-and-covenants
Key Terms:
bargain and sale deedcovenants against grantor's actsNew York deedtitle transferReal Property Law 253
Related Concepts
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
Was this explanation helpful?
More Property Ownership Questions
Who does lava belong to when it forms land in Hawaii?
In California, community property with right of survivorship (CPRS) differs from joint tenancy because:
Arizona's homestead exemption protects up to:
In Hawaii, mineral rights usually belong to:
In Arizona, water rights for surface water follow:
- → With respect to real property, the term estate is BEST described as
- → Who usually selects the administrator of an estate?
- → Vermont follows which recording system?
- → Which of the following can the grantor of a life estate NOT do?
- → Riparian rights are those rights possessed by
- → A woman receives a gift of real property by will. The woman is called
- → The loss of one’s real estate by the gradual wearing away of soil through the operation of natural causes is
- → When a person dies testate, the real property
- → The property of a person who dies intestate passes by
- → If a strip of land is washed away by flood, this action is known as: