DOCUMENTS EVERY FARMER SHOULD UNDERSTAND
All property implies an owner. Property is of two kinds, real and
personal. The former is permanent and fixed, the latter can be
moved.
Every occupant of realty holds it through a deed, which carries
with it sole ownership, or through a lease which carries with it
the right to occupation and use in accordance with the conditions
as to time and the amount to be paid, set forth in the written
instrument.
A deed carries with it sole ownership, a lease covers the right of
use for a fixed period.
AS TO DEEDS
The purchaser of real estate, say a farm, should receive, from the
person selling the property, a written instrument, or conveyance
known as a deed.
The deed must show clearly that the title to or interest in the
property has been transferred from the seller to the buyer.
Before the deed is signed and delivered, the buyer should know
that he is getting a clear title to the property described in the
conveyance.
In order to insure the accuracy of the title and thus avoid
subsequent complications and perhaps lawsuits, the paper should be
submitted to some good lawyer, or other person acquainted with
real estate law and the methods by which titles are traced from
the first owner to the present possessor.
