MEPC Plc , property company

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MEPC Plc , property company

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        A deed is any document affecting title, that is, proof of ownership, of the land in question. The land may or may not have buildings upon it. Common types of deed include conveyances, mortgages, bonds, grants of easements, wills and administrations.

        Conveyances are transfers of land from one party to another, usually for money. Early forms of conveyance include feoffments, surrenders and admissions at manor courts (if the property was copyhold), final concords, common recoveries, bargains and sales and leases and releases.

        An assignment of term, or assignment to attend the inheritance, was an assignment of the remaining term of years in a mortgage to a trustee after the mortgage itself has been redeemed. An assignment of a lease is the transfer of the rights laid out in the lease to another party, usually for a consideration (a sum of money).

        Abstract of title is a summary of prior ownership of a property, drawn up by solicitors. Such an abstract may go back several hundred years or just a few months, and was usually drawn up just prior to a sale.

        A covenant or deed of covenant was an agreement entered into by one of the parties to a deed to another. A covenant for production of title deeds was an agreement to produce deeds not being handed over to a purchaser, while a covenant to surrender was an agreement to surrender copyhold land.

        From the British Records Association "Guidelines 3 - Interpreting Deeds: How To Interpret Deeds - A Simple Guide And Glossary".

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