Friday, March 27, 2015

What is the meaning of deeded lot on a beach property for sale

Question

What is the meaning of deeded lot on a beach property for sale



Answer

Deeded just means owned (as opposed to leased). In some parts of Maryland properties are subject to ground leases which isn't technically deeded (though the house is bought and sold). Sometimes the owner of improved property (say a house) will also sell an adjacent unimproved lot with it. Context is critical -- if the seller says it will deed the lot it is the same thing as saying it will sell the lot.



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