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DeedActually, any one of many conveyancing or financing instruments, but generally a conveyancing instrument, given to pass fee title to property upon sale.DeedA document, which legally transfers ownership of property from one party to another, most commonly related to real property.Similar MatchesTrust deedTrust deedA trust deed is a legal document for setting up a trust. In order for a unit trust to be authorised by the FSA, the trustees and fund managers must submit a draft trust deed and scheme particulars. The fund may only be promoted to the public once authorisation has been obtained.The trust deed has certain mandatory content:It must contain the category and the name of the trust, which must reflect its objectives.It must state the law that applies to the trust (e.g. England and Wales).It must state the currency of the trust (e.g. sterling).It must contain a general statement that the scheme may invest in certain eligible markets.It must state that the trust deed is binding on the unitholders, trustees and managers and that the trust property is held by the trustees for the unitholders.It must state that unitholders have no further liabilities once they have paid the purchase price of the units.Other optional detail includes any restricted investment powers or geographic limitations, charges, unit pricing formulas, the remuneration of trustees, auditing arrangements, the creation of a unitholders' register etc. All inclusive Trust Deed (wrap around mortgage)All inclusive Trust Deed (wrap around mortgage)A financing technique which involves the creation of a new trust deed which includes the balance due on the existing note plus any new funds advanced. DeedsDeedsThese are the documents which contain all the information about a property such as the owner and the rules affecting the property. These are often held by the mortgage lender to ensure they can take possession of the property should you default on the repayments. Take note of the deed number to speed up your solicitor or conveyancer when buying or selling the property as it can take a lender several weeks to find the correct one. Warranty DeedWarranty DeedA deed used in many states to convey fee title to real property. Until the wide spread use of title insurance, the warranties by the grantor were very important to the grantee. When title insurance is purchased, the warranties become less important as a practical means of recovery by the grantee for defective title. Deed of covenantDeed of covenantThis is a document which confirms that the buyer of a property will comply with the rules and conditions affecting the property which can be found in the Title Deed or Lease. Further SuggestionsTitle deedsTransfer deed Quitclaim Deed Mortgage deed deed of variation deed of covenant Contract for deed Deed of trust Tax Deed Deed Of Trust Administrators deed Trust deed Deeds release fee |
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