Answer to Question #257357 in Finance for Dallu

Question

Board refused to convey the property and filed suit seeking to quiet title to the property. Who holds title to the property?

Answer 1

While title may be transferred through operation of law, land typically is conveyed by deed. To be valid, a deed must be in writing, identify the land and the parties, and be signed by the grantor. Consideration is not required in order to transfer legal title to property.