When engaging in a real estate transaction, it's important to understand the details of your mortgage agreement - especially clauses that dictate how ownership can be transferred. One such provision ...

What Is a Habendum Clause? A habendum clause defines the extent of ownership or interest that the grantee or lessee will have in the property, clarifying the rights being transferred and the duration ...

In real estate transactions, a property deed contains key provisions that define ownership rights. One such provision, the habendum clause, specifies the extent of ownership being transferred, ...