DEED TRANSFER Sample Clauses
The Deed Transfer clause outlines the process by which ownership of a property is formally transferred from one party to another. Typically, this clause specifies the conditions that must be met before the deed is delivered, such as payment of the purchase price and satisfaction of any contingencies. It may also detail the type of deed to be used, the timing of the transfer, and the responsibilities for recording the deed. The core function of this clause is to ensure a clear and legally recognized change of ownership, thereby protecting both parties and preventing future disputes over property rights.
DEED TRANSFER. The Buyer shall pay all taxes, documentary stamps, and recording cost for the Contract of Deed, and for the documentary stamps, Clerk of the Court fees on the . In addition, the Buyer shall be entitled to claim Property for all tax purposes.
DEED TRANSFER. On the date set for Deed transfer and upon payment to Seller by Buyer of the balance due on the above purchase price, Seller hereby agrees to make, execute and deliver to Buyer a good and sufficient Deed containing covenants of special warranty conveying said premises, in fee simple, free and clear of all liens and encumbrances, subject to any normal and customary easements or rights-of-way, and subject to any conditions or restrictions contained in prior deeds or plan of lots, and the following reservations and restrictions: NONE Should Buyer object to the title of Seller, Seller's obligation hereunder shall be limited to delivery, by closing date, to Buyer of a policy of Owner's Title Insurance covering the subject premises in the full amount of the purchase price and issued by a company licensed to do business in the Commonwealth of Pennsylvania. In such an event, Buyer hereby agrees to pay the normal and customary "all inclusive" rate for such coverage at the "all inclusive" rate that then and there exists and has been approved by the Insurance Commission of Pennsylvania as of the date of closing. Seller shall pay any portion of the actual cost of such insurance, if any, in excess of said customary "all inclusive" rate which may arise as a consequence of special underwriting requirements because of the state of Seller's title.
DEED TRANSFER. Unless otherwise stated in this Agreement, Buyer shall pay the full cost of any repair of the Property necessary to effectuate transfer of the deed from