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DELAISSANCE (DRAFTING ((4) Boundaries: do not need to set out in convey,…
DELAISSANCE
DRAFTING
(4) Boundaries: do not need to set out in convey, unless good reason
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(5) Covenants/Servitudes: not usually necessary, as already aware of what affects the land (unless new ones being included)
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(6) Consideration: If any rentes or other encumbrance, clause must sated P covenants to make relevant payments in discharge of Vs liability to pay the sums.
(1) Opening: " this convey. by way of D is made this [date}". V co-owner transferring interest. P will be the co-owing P of Vs interest
RELEASING V FROM BOND
Bank may agree to cancel bond against V but creates concern B security now only against original share held by P - Bank requires P make new bond as against whole
Bank may be required attend Cct to consent to release part of the property (from Vs bond) or V from their bond
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WHAT?
Transfer by 1 co-owner of interest in land to one or more existing co-owners of the same land (if do not co-own then transfer by Convy.)
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