GENERAL PRINCIPLES

BACKGROUND, BASIC CONCEPTS & GENERAL PRINCIPLES

LAND TITLE – evidence of the owner’s right or extent of interest, by which he can maintain control and as a rule assert right to exclusive possession and enjoyment of property

DEED – instrument in writing by which any real estate or interest therein is created, alienated, mortgaged or assigned or by which title to any real estate may be affected in law or equity

Contents:
1. Grantor 4. Description of Property
2. Grantee 5. Signature of grantor
3. Words of grant 6. Witnesses

TYPES OF ESTATES:

1. FREEHOLD ESTATE – indicates title of ownership

a. Fee simple – absolute title; conferred without limitation, qualification or restriction

b. Fee tail – pass title to grantee & his heirs

c. Life state – held for duration of life of grantee

2. LESS THAN FREEHOLD ESTATE – a right short of title

a. Estate for years – lease for a period agreed upon, lessor retains ownership of land

b. Tenancy from period to period – lease running from month to month or year to year with automatic renewal

c. Tenancy at will – person is permitted to occupy land of another without stipulation as to period

3 STAGES OF DEVELOPMENT OF LEGAL SYSTEM OF TRANSFERRING TITLES:

1. Production & delivery of deed by grantor to grantee without registration

2. Recording of deed of conveyance to bind 3rd persons

3. Registration of title

REGISTRATION guarantees the title but RECORDING does not; need to examine other docs

PURPOSE OF REGISTRATION:
1. Serve as constructive notice

2. Prevent fraudulent claims

3. Protect interest of strangers to transaction

MODES OF ACQUIRING LAND TITLES:

1. Title by public grant – conveyance of public land by government to a private individual

2. Title by acquisitive prescription – open, continuous, exclusive, notorious possession of a property

3. Title by accretion – alluvium
4. Title by reclamation – filling of submerged land by deliberate act and reclaiming title thereto; government

5. Title by voluntary transfer – private grant; voluntary execution of deed of conveyance

6. Title by involuntary alienation – no consent from owner of land; forcible acquisition by state

7. Title by descent or devise – hereditary succession to the estate of deceased owner

8. Title by emancipation patent or grant – for purpose of ameliorating sad plight of tenant-farmers; not transferable except by hereditary succession