Write notes on the following: Habendum

Habendum is a part of deed which states the interest, the purchaser is to take in the property. The genesis of this clause can be traced to gratuitous transfer of property in ancient England. It usually starts with the words "THE HAVE AND TO HOLD". The habendum limits the estate mentioned in the parcels. The transferee is again mentioned in the clause for whose use the estate is conveyed. Whatever precedes the habendum is called the premises.