Property Ownership
In Ohio, the 'covenant of quiet enjoyment' in a deed warrants that:
AThe property is in a quiet neighborhood
BThe grantee will not be disturbed in their possession by the grantor or anyone claiming under the grantor✓ Correct
CNo noise violations will occur on the property
DThe property has no HOA restrictions
Explanation
The covenant of quiet enjoyment assures the grantee that neither the grantor nor anyone claiming through the grantor will disturb the grantee's peaceful possession of the property.
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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).
Net Operating Income (NOI)The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
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.
Math Concepts
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