Property Ownership
In Kentucky, delivery and acceptance of a deed is important because:
ARecording provides constructive notice but delivery completes the transfer✓ Correct
BA deed is only valid once recorded with the county clerk
CAcceptance by the buyer is presumed and delivery is irrelevant
DThe grantor may revoke the deed if it has not been recorded
Explanation
A deed is effective when delivered by the grantor and accepted by the grantee. Recording provides constructive notice to third parties but is not required for the deed to be valid between the parties.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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