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Conveyance Agreement

Conveyance Agreement Template for United States

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Key Requirements PROMPT example:

Conveyance Agreement

"I need a Conveyance Agreement to transfer a commercial property in Denver, Colorado to my company, including specific provisions for existing tenant rights and shared parking arrangements that need to be maintained after the transfer completes in March 2025."

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Document background
A Conveyance Agreement is essential when transferring real property interests in the United States. This document type is commonly used in both residential and commercial contexts, detailing the specific rights being transferred, any reservations or restrictions, and the terms of the transfer. The agreement must conform to state-specific requirements and federal regulations, particularly regarding recording and disclosure requirements. A properly executed Conveyance Agreement provides clear documentation of the transfer and helps prevent future disputes regarding property ownership or rights.
Suggested Sections

1. Parties: Identification of grantor and grantee with full legal names and addresses

2. Background: Context of the conveyance and property ownership history

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed legal description of the property being conveyed

5. Consideration: Details of payment or other consideration for the conveyance

6. Warranties and Representations: Statements about property title and condition

7. Execution: Signature blocks and notarization requirements

Optional Sections

1. Environmental Provisions: Environmental warranties and indemnities - used when property may have environmental concerns

2. Mineral Rights: Provisions regarding mineral rights retention or transfer - used when mineral rights are relevant to the property

3. Water Rights: Provisions regarding water rights - particularly relevant in Western states or agricultural properties

4. Foreign Investment Provisions: FIRPTA and other foreign investment considerations - used when any party is a foreign entity

Suggested Schedules

1. Schedule A - Property Plans: Detailed plans and drawings of the property

2. Schedule B - Title Documents: Copies of relevant title documents and searches

3. Schedule C - Environmental Reports: Any environmental surveys or assessments

4. Schedule D - Existing Encumbrances: List of existing liens, easements, or other encumbrances

5. Schedule E - Property Inspection Report: Detailed report of property condition and any identified issues

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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alex.den.21@genieai.co
Industries

Interstate Land Sales Full Disclosure Act: Federal law requiring developers to provide detailed information about their land development projects to potential buyers

Foreign Investment in Real Property Tax Act (FIRPTA): Federal law imposing tax obligations on foreign persons selling U.S. real estate

Federal Fair Housing Act: Prohibits discrimination in real estate transactions based on race, color, religion, sex, national origin, disability, or familial status

Americans with Disabilities Act: Federal law requiring accessibility standards for commercial properties

State Property Laws: State-specific laws governing real property ownership, transfer, and rights

State Recording Acts: Laws governing the recording of property documents and determining priority of competing claims

State Statute of Frauds: Requires certain contracts, including real estate transactions, to be in writing to be enforceable

State Real Estate Transfer Laws: Specific requirements and procedures for transferring real property within the state

State Environmental Protection Laws: State-specific regulations regarding environmental considerations in property transfers

State Zoning Laws: Regulations governing land use and development within the state

Local Property Laws: Municipal and county-specific regulations affecting property transfers and use

Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes and associated costs

Title Insurance Requirements: Laws and regulations regarding title insurance and property ownership verification

Property Tax Regulations: Laws governing property tax assessment, collection, and transfer responsibilities

Easement Laws: Regulations governing rights of way and other property access rights

Mineral Rights Laws: Regulations governing ownership and transfer of subsurface mineral rights

Water Rights Laws: Regulations governing water access and usage rights, particularly important in Western states

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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