A deed should have a blank space of 3 ½ by 3 ½ inches for use by the recorder. This type of conveyance is used by mortgage lenders when a borrower has paid off their mortgage with the debt having been satisfied, the lender no longer has conditional claims to the property. Also, a deed must include the name and address of the person or persons to whom the subsequent tax bills are to be sent and to whom the instrument is to be returned. Reconveyance deeds are used when prevailing conditions have changed and the deed needs to be "re-conveyed". Titles Contacts Terms Used During Conveyance An essential step to determining and then answering what does conveyance mean is understanding all the terms associated with conveyance. Quitclaim deeds are often used for gifting title as it is a basic type of deed that simply convey that the grantor does not hold any interest in the property being transferred. What essential terms and covenants must be in contracts of sale and deeds When contracts of sale can become fatally defective How to describe property with. All recordable documents used by WisDOT Real Estate must also include the name the. MINISTRY OF THE ATTORNEY GENERAL AND LEGAL AFFAIRS . legal description suitable for indexing by Register of Deeds per 706.05. The grantor of a quitclaim deed makes no assertion over the ownership or condition of the property. property includes anything in action, and any interest in real or personal property.
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