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Can a person convey real property to another person without that other person being required to pay any consideration?
Wiki User
∙ 14y ago
Yes, You can sign a Quit Claim deed giving up all "your" interest in the estate. You would be giving them a Warranty deed if there's no mortgage.
Wiki User
∙ 14y ago
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Distinguished gift from sale of goods?
in a contract of sale, property in goods is transferred from one person to another with a consideration while in the case of a gift, property in goods is transferred from one person to another without any consideration
What does without consideration mean?
Consideration is the value paid for property. Property acquired without consideration means there was no money paid to the grantor. That is frequently the case in inter-family transfers.
Can you give deed to someone when not paid for?
You can give a deed to someone when they have not paid for the land but it would be difficult to find a good reason to do so. A deed states on its face that one party has transferred the title to real estate to another property and has received a certain consideration in exchange for the property. The new owner owns the land and since the deed has been delivered there will be no enticement for them to pay for the land later if the consideration has not been exchanged for the deed. On the other hand, if you are asking if a person can convey real property to another person without that other person being required to pay any consideration, the answer is yes. However, there are different rules in different jurisdictions. You should consult with an attorney in your jurisdiction who specializes in real estate law to make certain the deed is properly drafted.
Can a neighbor bulldoze your fencerow without notifying you?
Of course not, if he damages your property he is required to inform you immediately.Unless you built it on his property, in which case he can do what he pleases with it without telling you anything.
Which visa is required for pakistani people without any sposor to buy any property and business in dubai?
The visa required for the Pakistani people without any sponsor to buy any property and business in Dubai is the Investor Visa.
What can Property can be observed without changing the substance into another?
physical
What happens if you sell your ex husband's property without his knowledge?
He can sue you in court and you will be required to reimburse him for the value of the property in most cases.
Does a car that is not drivable require insurance in Oklahoma?
Is the car on Private property or parked in a public place? On your Private property, without valid Tags and Without a loan against it then no insurance required.
Property can be observed without changing the substance into another substance?
physical
Is stealing ammunition a felony?
Ammunition is generally treated as any property without special consideration, so the usual property value thresholds for petty theft/grand theft would apply.
For medicaid purposes can a life estate property be transferred to another property without having to start all over?
No.
Is a Gift Deed or a Deed of Gift an instrument used to convey property from a father to his son?
Yes, a Gift Deed or Deed of Gift is a legal document used to transfer ownership of property from one person to another as a gift without any exchange of money. In this case, a father can use a Gift Deed to give property to his son.
