Covenant Deed Sample Clauses
A Covenant Deed is a legal instrument used to transfer ownership of real property from one party to another, while providing certain guarantees or promises (covenants) regarding the title. Typically, the grantor assures the grantee that they have the right to convey the property and that the property is free from encumbrances, except as specifically stated. For example, a seller might covenant that they have not allowed any liens or claims on the property during their ownership. The core practical function of a Covenant Deed is to protect the buyer by ensuring that the title is clear and that the seller stands behind certain aspects of the property's legal status, thereby reducing the risk of future disputes over ownership or title defects.
POPULAR SAMPLE Copied 3 times
Covenant Deed. A Covenant Deed transferring whatever rights, title and interest the MIDDD had in the Subject Property at the time of the sale.
Covenant Deed. Seller shall execute and deliver to Purchaser the Covenant Deed.
Covenant Deed. Purchaser acknowledges that it will receive a Covenant Deed transferring whatever rights, title and interest the MIDDD had in the Subject Property at the time of the Closing. The Purchaser will also receive a Property Transfer Affidavit that must be submitted to the Macomb Township Assessor in accordance with state law.
Covenant Deed. On the Closing Date, Seller shall sell and convey all of its right, title and interest in and to the Property to Purchaser, by indenture, a copy of the form of which is attached hereto, marked as Exhibit “G”, and incorporated herein by this reference (the “Covenant Deed”).
Covenant Deed. The Seller covenants against liens and encumbrances, but only those that have been created by or through the acts of the Seller and includes an obligation to defend against those actions. These deeds often use a "subject to" clause which excludes various matters of record (whether or not caused by the Seller) and matters of record such as easements granted by the seller which are covered by the covenant deed.
Covenant Deed. At the Closing, the Seller shall deliver to the Purchaser a Warranty Deed, subject to any and all easements, covenants, and restrictions. The Covenant Deed shall transfer all permitted land divisions under the Land Division Act, PA 288 of 1967, as amended. The Covenant Deed shall contain the following restrictions:
Covenant Deed. Covenant Deed for the Land subject to the Permitted Exceptions.