To HAVE and to HOLD Same Unto Grantees, and Unto Grantees Heirs and Assigns Forever, Form
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People also ask
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What is the to have and to hold clause?
A habendum clause is a clause in a deed or lease that defines the type of interest and rights to be enjoyed by the grantee or lessee. In a deed, a habendum clause usually begins with the words "to have and to hold".
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What does heirs or assigns mean?
Heirs are individuals who are legally entitled to inherit from person A if person A dies leaving no valid last will and testament. Assigns are someone to whom a person has signed a document giving or assigning their property to another person.
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What is the legal definition of to have and to hold?
Definition: Have and hold refers to the habendum clause in a legal instrument, such as a deed or will, that defines the extent of the interest being granted and any conditions affecting the grant. The clause is usually introduced with the words "to have and to hold."
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What does "to have and to hold" mean in a deed?
The clause usually begins with the words "to have and to hold." For example, in a deed, the to-have-and-to-hold clause specifies the type of ownership interest being granted, such as fee simple or life estate, and any conditions or restrictions on the use of the property.
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What is the legal term to have and to hold?
In real estate contracts, the habendum clause refers to the transfer of ownership of a property and any accompanying restrictions. Because the clause begins with the phrase, "To have and to hold," the habendum clause is sometimes called the "to have and to hold clause."
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What is the legal meaning of to have and to hold?
A quick definition of have and hold: Have and hold: A phrase used in legal documents, like deeds or wills, to describe the extent of the interest being granted and any conditions affecting the grant. It is also used in oil and gas leases to define how long the interest granted to the lessee will extend.
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What does the phrase "to have and to hold" mean?
At its most basic, “To Have and To Hold” refers to the physical embrace of husband and wife. “To have” is to receive without reservation the total self-gift of the other.
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What does "heirs and assigns forever" mean?
It means it asses completely to the kids, and if the kids are also passed, or do not want it and give it to someone else, to those people also in the kids' places. You are an heir to your mother, for example. If you didn't want the share you got, you could assign it to you child, or to a creditor even.
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