Business Hints for Men and Women by Alfred Rochefort Calhoun
page 12 of 204 (05%)
page 12 of 204 (05%)
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as to time and the amount to be paid, set forth in the written
instrument. A deed carries with it sole ownership, a lease covers the right of use for a fixed period. AS TO DEEDS The purchaser of real estate, say a farm, should receive, from the person selling the property, a written instrument, or conveyance known as a deed. The deed must show clearly that the title to or interest in the property has been transferred from the seller to the buyer. Before the deed is signed and delivered, the buyer should know that he is getting a clear title to the property described in the conveyance. In order to insure the accuracy of the title and thus avoid subsequent complications and perhaps lawsuits, the paper should be submitted to some good lawyer, or other person acquainted with real estate law and the methods by which titles are traced from the first owner to the present possessor. TITLE ABSTRACTS In all the great business centers of the United States there are Title Guarantee Companies, who for a consideration--to be paid by the seller--furnish an abstract of title, and insure its validity. |
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