senior, elder), in English law, the lordship remaining to a grantor after the grant of an estate in fee-simple.
The warranty is meant to reassure you, the buyer, that the grantor has a right to sell the property.
The practice of giving land as a beneficium to a grantee who swore personal allegiance to the grantor had persisted, and by his capitularies Charlemagne had made these personal engagements, these contracts of immunityhitherto not transferable, nor even for life, but quite conditionalregular, legal, even obligatory and almost indissoluble.
At common law, while a lease was binding on the grantor and his heirs, it was not good against " singular successors," i.e.
Legally its characteristic feature was that the lessee had no right of any kind against the grantor.
It should be noted that from its very beginning the land relationship of feudalism was not created primarily for the grantor's income, but that it emphasized in the most striking way his continued ownership.
The length of time for which the holding should last came to be specified, at first for a term of years and then for life, and some payment to the grantor was provided for, not pretending to represent the economic value of the land, but only to serve as a mark of his continued ownership.
Keeping alive, as it did, the fact of the grantor's ownership, it did not in form deprive the Church of the land.
These included hereditary succession to tenements, exemption from sullage, the right to elect a reeve (praepositus) if the grantor thought one necessary and the right to marry without the lord's interference.
if an owner granted to another every second presentment, the advowson would be appendant for the grantor's turn and in gross for the grantee's.
appurtenances in the occupation of grantor; to stated uses.
It will allow the grantor to make provision for beneficiaries with complete confidentiality.
A living trust is a created during a person's, know as the grantor, lifetime.
The grantor transfers ownership of his or her assets into the living trust.
Assets held in the trust do not have to be probated after the grantor's death.
Another advantage to a living trust is that the terms of the trust are kept private; unlike a will, they are not made public after the grantor's death.
The grantor can give the trustee as much or as little leeway as desired.
A warranty deed is a type of deed where the home seller (grantor) guarantees that he or she holds a clear title to a piece of real estate.
This guarantee extends back to the property's origins and is not limited to the time in which the grantor owned the property.
A warranty deed makes certain declarations that must be true to the grantor's knowledge.
To be official, a deed must list a grantor (person or persons selling the property) and a grantee (person or persons buying the property).
The deed must be in writing, signed by the grantor, and delivered and accepted by the grantee.
Though the grantor's signature does not always have to be notarized, it is recommended as an additional method of recordation.
The word usage examples above have been gathered from various sources to reflect current and historial usage. They do not represent the opinions of YourDictionary.com.