Purchase and Sale
An affidavit of heirship can be used when someone dies without a will, and the estate consists mostly of real property titled in the deceased’s name. It is an affidavit used to identify the heirs to real property when the deceased died without a will (that is, intestate).
A sum of money that one co-tenant of real property is required by a written agreement or court order to pay to the other co-tenants to achieve an equitable division of property when an actual partition of the property would: Be impossible because land often cannot be divided into equal shares.
Under such an agreement, the parties acknowledge the true boundary line between the properties, and the encroaching owner releases any claim to the strip of land encroached upon. In return, the “encroached upon” owner allows the encroachment to continue for so long as he/she is not adversely affected.
When you buy a property from another party, they have to legally hand over the property. This is largely what the deed preparation stage entails. All real estate deeds must be in writing. The deed must contain a formal legal description of the property, which contains a granting clause and evidence of consideration.