Distinguish between the following: 'Habendum' and 'reddendum'.
CS Professional · Drafting, Appearances and Pleadings · PYQS · June 2015
Distinguish between the following: 'Habendum' and 'reddendum'.
Answer & Explanation:
Habendum is a part of deed which states the interest, the purchaser is to take in the property. Habendum clause starts with the words "THE HAVE AND TO HOLD". The habendum limits the estate mentioned in the parcels. The parcels or the description of the property usually again included in the premises. If the property conveyed in encumbered, reference thereto should be made in the habendum. Reddendum is peculiar to a deed of lease. Here is mentioned the mode and time fixed for payment. It begins with the word rendering or paying with reference to the reserved rent. Rent is payable during the term of the lease. Place where payable and instalments are mentioned. If there is apportionment of rent that is also mentioned.
Topics: Conveyancing
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