"TYPE of DOCUMENT 1 VIP DEED is a written instrument by which an owner conveys right, title, or interest in a parcel of real estate to another", "DEED Grantor (seller - giver) Grantee (buyer - receiver)" "TYPE of DOCUMENT 2 Who are : GIVER & RECEIVER OFFER Counter Offer LEASE", "GIVER ----------- RECEIVER OFFER Offerror (buyer) ------- Offeree (seller) Counter Offer Offerror (seller) --- Offeree (buyer) LEASE Lessor (landlord) --- Lessee (tenant)" "TYPE of DOCUMENT 3 Who are:GIVER & RECEIVER MORTGAGE OPTION INSTALLMENT CONTRACT", "GIVER ---------- RECEIVER MORTGAGE Mortgagor (Borrower)-Mortgagee (Lender) OPTION Optionor (seller) ------ Optionee (buyer) INSTALLMENT CONTRACT Vendor (seller) ------- Vendee (buyer)" "TYPE of DOCUMENT 4 Who are : GIVER & RECEIVER WILL CONTRACT", "GIVER -------- RECEIVER WILL Devisor (deceased) ----- Devisee (heir) CONTRACT Vendor (seller) ------- Vendee (buyer)" "Requirements for VALID CONVEYANCE A valid DEED must contain certain essential elements 1.The DEED must be in ____________ 2. The GRANTOR must have legal _______________ 3. GRANTEE named with reasonable certainty ______", "1. WRITING 2.capacity to execute a DEED 3. must be identified." "Requirements for a VALID CONVEYANCE 4. There must be adequate _______ 5. There must be an adequate legal description _____", "4. words of conveyance. 5. of the property conveyed" "Requirements for an VALID CONVEYANCE 6. The DEED must be signed by _________ 7. The DEED must be delivered to and voluntarily____", "6. the GRANTORS 7. accepted by the GRANTEE"
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