Explore our Grant Deed Complete Guide to Property Transfer Documentation & Legal Fees. Understand the intricacies of grant deeds and ensure a smooth property transaction with expert financial advice!
Secure your property transfer with comprehensive knowledge about grant deeds, their legal implications, and proper execution requirements.
A grant deed is a legal instrument used in real estate transactions to transfer property ownership from one party (the grantor) to another (the grantee). Unlike other deed types, grant deeds come with two implicit warranties:
Legal names and signatures of all current property owners
Complete legal names and vesting information for new owners
Detailed legal description including parcel numbers and boundaries
Declaration of value exchanged for the property transfer
A grant deed includes implied warranties about the title's status and prior sales, while a quitclaim deed simply transfers whatever interest the grantor may have without any warranties.
While not legally required in most jurisdictions, it's highly recommended to have a legal professional prepare or review your grant deed to ensure proper execution and protection of your interests.