Which type of deed would a grantor use to convey property while retaining a life estate?
Why Warranty deed with reservation Is Correct
Answer A: Warranty deed with reservation
Exam Tip: Escrow & Title
Escrow questions test the neutral third-party role and the sequence of closing events. Remember that the escrow agent acts as a dual agent for both buyer and seller and cannot advocate for either side.
Key Escrow & Title Terms in This Question
A contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Life EstateA freehold interest in real property that lasts only for the duration of a specified person's life.
People Also Study
Related Alabama Questions
- Which type of ownership interest gives the holder the right to use and enjoy property for the duration of their life?Property Ownership
- A deed that conveys 'all the grantor's right, title, and interest' without any warranty is a:Property Ownership
- A special warranty deed in Alabama is one in which the grantor warrants the title against:Escrow & Title
- In Alabama, which type of deed provides the grantee with the greatest protection by including all five common law warranties?Property Ownership
- A general warranty deed provides the grantee with which warranties?Escrow & Title
- A warranty of seisin in a general warranty deed means the grantor warrants that:Escrow & Title
- The covenant of warranty in a general warranty deed means the grantor:Escrow & Title
Key Terms to Know
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
Life EstateA freehold interest in real property that lasts only for the duration of a specified person's life.
EasementA non-possessory right to use another person's land for a specific purpose.
Study This Topic
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →