Conveyance of Title to the Property Clause Samples
The Conveyance of Title to the Property clause defines the process by which legal ownership of the property is formally transferred from the seller to the buyer. Typically, this involves the execution and delivery of a deed or similar legal instrument at closing, ensuring that the buyer receives clear and marketable title free of undisclosed liens or encumbrances. This clause is essential for establishing the buyer’s legal rights to the property and protects both parties by specifying the exact moment and conditions under which ownership changes hands.
Conveyance of Title to the Property. At the Closing, Seller or Owner shall convey to City marketable and insurable fee simple title to the Land, the Improvements and the Appurtenances, by duly executed and acknowledged grant deed in the form attached hereto as Exhibit C (the "Deed"), subject to the Accepted Conditions of Title (as defined in Section 3.2 [Title Insurance]).
Conveyance of Title to the Property. At Closing, the TJPA shall convey to Buyer fee simple title to the Transbay Parcel F Property by duly executed and acknowledged quitclaim deed in the form attached hereto as Exhibit F (“Quitclaim Deed”), subject to the Accepted Conditions of Title (described in Section 3.2), including the TJPA Retained Property.
Conveyance of Title to the Property. At the Closing State shall convey to CITY, or its nominee, marketable and insurable fee simple title to the Land, the Improvements and the Appurtenances, by duly executed and acknowledged Director’s Deed in the form attached hereto as Exhibit B (the "Deed"), subject to the Accepted Conditions of Title (as defined in Section 4.3(a) [Title Insurance]).
Conveyance of Title to the Property. At the Closing, Seller will convey to City, or its nominee, marketable and insurable fee simple title to the Land, the Improvements and the Appurtenances, by duly executed and acknowledged grant deed in the form attached hereto as Exhibit C (the “Deed”), subject to the Accepted Conditions of Title (as defined in the Due Diligence Agreement and Permit to Enter Property by and between Seller and City dated as of June 14, 2021 (the “Due Diligence Agreement”)).
Conveyance of Title to the Property. Upon execution of this Agreement, Seller shall simultaneously execute a grant deed in the form attached as Exhibit C to this Agreement transferring fee simple title to the Land, the Improvements and the Appurtenances to City, which shall be held in escrow until the Closing.
Conveyance of Title to the Property. Seller hereby sells the Property to Buyer and Buyer hereby acquires from Seller, absolute fee simple title over the Property, free of Liens, and with adhesions appurtenant thereto either by law or in fact, in exchange for the purchase price set forth in Clause Second below, including specifically but no limited to, a building of approximately 13,599.42 (thirteen thousand five hundred ninety-nine square meters, forty-two square centimeters) (approximately 146,383 square feet) constructed on the Land, the electrical availability contracted by Seller for the Property fire protection sprinkler system and all existing offices currently located in the Building. The Land, improvements and all other appurtenance thereto, together with all and singular Seller’s rights, benefits, privileges, easements, tenements, and appurtenances thereunto, belonging or appertaining thereto, and Seller’s rights, easements and other interests, if any, in and to adjacent streets, alleys and rights-of-way, or other property abutting the Property, water and sweeper taps, sanitary or storm sewer capacity or reservations and rights under utility services to the Property.
Conveyance of Title to the Property. At the Closing, Seller shall convey to the Buyer fee title to the Improvements, by duly executed and acknowledged grant deed in the form attached hereto as Exhibit B (the "Grant Deed"). Seller's conveyance of fee title to Buyer shall be subject to Seller's reversionary interest in the Improvements, as further set forth in Section 3.1 of the Ground Lease. Concurrent with the Closing, Seller will lease the Land to Buyer pursuant to the Ground Lease free and clear of all encumbrances (except as otherwise agreed to in writing by ▇▇▇▇▇.