exception in deed

Definition of "exception in deed"
  1. A stipulation placed in a property transfer deed to withhold certain rights such as mineral rights or a life estate for the individual transferring the property
How to use "exception in deed" in a sentence
  1. The oil company required an exception in deed for mineral rights when selling the land.
  2. Despite selling the house, the elderly woman retained a life estate through an exception in deed.
  3. Their family land was sold with an exception in deed, ensuring them access to the natural spring.

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