Property Ownership
In New Mexico, the 'habendum clause' in a deed defines:
AThe property's legal description
BThe extent and nature of the estate being conveyed — 'to have and to hold'✓ Correct
CThe purchase price
DThe warranties given by the grantor
Explanation
The habendum clause ('to have and to hold') in a deed defines the type and extent of ownership being conveyed — fee simple absolute, life estate, easement, etc. It clarifies exactly what the grantee receives.
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