GAP Affidavit Clause Samples
A GAP Affidavit is a legal document used to affirm or clarify information about a gap in the chain of title or ownership, typically in real estate transactions. It is usually provided by a seller or prior owner to assure the buyer and title insurer that no undisclosed claims or interests have arisen during a period not covered by recorded documents. By providing this affidavit, the parties help ensure the integrity of the title, reduce the risk of future disputes, and facilitate the smooth transfer of property ownership.
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GAP Affidavit. An affidavit, if requested by the Title Company, as may be necessary to insure the gap between the effective date of the Title Commitment to and through the date of the recordation of the deed to the Owned Real Property; and
GAP Affidavit. An affidavit, if requested by the Title Company, as may be necessary to insure the gap between the effective date of the SFX Title Commitment to and through the date of the recordation of the deed to the SFX Owned Real Property;
GAP Affidavit. An affidavit, if requested by the Title Company, as may be necessary to insure the gap between the effective date of the Capstar Title Commitment to and through the date of the recordation of the deed to the Capstar Owned Real Property;
GAP Affidavit. If required by the Title Company, Owner will execute and deliver to Title Company, a Gap Undertaking and Affidavit satisfactory to Owner and Title Company so as to permit issuance of the Title Policy and Loan Policy Endorsements on the Closing Date. -6- (v)
GAP Affidavit. If required by the Title Company, for each Seller, a “gap” affidavit executed by such Seller and in form and substance reasonably acceptable to the Title Company to permit removal (by a so-called “gap” endorsement) of the standard exception from coverage for defects, liens, encumbrances, adverse claims, or other matters, if any, created, first appearing in the public records, or attaching subsequent to the effective date of the Title Commitment but before the date Buyer acquires for value the estate covered by the Title Policy.
GAP Affidavit. Borrower shall execute and deliver to Title Company, a GAP Undertaking and 13 Affidavit satisfactory to Title Company so as to permit issuance of the Title Policy and Loan Policy Endorsements 14 on the Closing Date.