Consider the following excerpt from a sample deed: "The Seller, for itself and its heirs, hereby covenants with the Buyer, its heirs and assigns forever, that the Seller is lawfully seized in fee simple of the above described property." The underlined portion of the preceding statement represents which of the following basic requirements of a deed?

Question

13-02-2020
Social Studies

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Consider the following excerpt from a sample deed: "The Seller, for itself and its heirs, hereby covenants with the Buyer, its heirs and assigns forever, that the Seller is lawfully seized in fee simple of the above described property." The underlined portion of the preceding statement represents which of the following basic requirements of a deed?

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Ladelayo84 Ladelayo84 · Answer 1 · 2020-02-16T15:13:31+01:00

Answer: The habendum clause

Explanation: the habendum clause is a section in leases that describes the rights being given to the lessee. In preparing deeds in real estate contracts, the habendum clause is the section of the deed that relates to the transfers of ownership of a property and any accompanying rights and restrictions.

The habendum clause states that the property is transferred without restrictions and that the new owner, after satisfying all conditions in the agreement and payment could do with the property as they see fit.