Property Ownership
Which type of deed provides the grantee with the greatest protection and conveys the broadest warranties in New York?
AQuitclaim deed
BBargain and sale deed with covenants
CFull covenant and warranty deed✓ Correct
DExecutor's deed
Explanation
A full covenant and warranty deed provides the grantee with the broadest protection, including covenants of seisin, right to convey, against encumbrances, quiet enjoyment, warranty, and further assurances. A quitclaim deed conveys only whatever interest the grantor has with no warranties.
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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).
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
EasementA non-possessory right to use another person's land for a specific purpose.
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