LYING IN GRANT Meaning and
Definition
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Lying in grant is a legal term that refers to the legal doctrine stating that when a person is granted an estate or property interest by a grantor or seller, the grantor implicitly guarantees that they have legal title to the property and that it is free of any encumbrances or claims by third parties. In other words, lying in grant means that the grantor guarantees the validity of their grant.
This doctrine is of great significance in real estate transactions, as it provides protection to the buyer or grantee. By lying in grant, the grantor warrants that they have the legal authority to transfer ownership of the property and that there are no hidden or undisclosed claims on the property that could affect its ownership or marketability.
If it later emerges that the grantor did not possess the legal title or that there were undisclosed claims, the grantee can take legal action against the grantor for breach of the lying in grant warranty. This can result in the grantor being held liable for damages suffered by the grantee, which may include the purchase price paid, any costs incurred, or other losses suffered.
In essence, lying in grant establishes the legal principle that the grantor's statements or representations regarding the title and ownership of the property are binding and enforceable, providing security and assurance to the grantee in real estate transactions.
Common Misspellings for LYING IN GRANT
- kying in grant
- pying in grant
- oying in grant
- lting in grant
- lging in grant
- lhing in grant
- luing in grant
- l7ing in grant
- l6ing in grant
- lyung in grant
- lyjng in grant
- lykng in grant
- lyong in grant
- ly9ng in grant
- ly8ng in grant
- lyibg in grant
- lyimg in grant
- lyijg in grant
- lyihg in grant
- lyinf in grant
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