Grant Deed
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Definition of 'Grant Deed'
A Grant Deed is a legal document that transfers ownership of real property from one person (the grantor) to another person (the grantee). It is the most common type of deed used in real estate transactions.
The grantor must be the legal owner of the property in order to sign a grant deed. The grantee must be a person or entity that is legally capable of owning real property.
The grant deed must be signed by the grantor in the presence of a witness. It must also be acknowledged by the grantor before a notary public.
The grant deed must contain the following information:
* The names of the grantor and grantee
* The legal description of the property
* The consideration (i.e., the price) paid for the property
* The date of the transaction
* The signatures of the grantor and grantee
* The acknowledgment of the grantor before a notary public
Once the grant deed is signed, it is recorded in the county where the property is located. This makes it a public record and provides notice to the world that the grantor has transferred ownership of the property to the grantee.
A grant deed is a powerful document that can have significant legal consequences. It is important to have an experienced real estate attorney review any grant deed before signing it.
The grantor must be the legal owner of the property in order to sign a grant deed. The grantee must be a person or entity that is legally capable of owning real property.
The grant deed must be signed by the grantor in the presence of a witness. It must also be acknowledged by the grantor before a notary public.
The grant deed must contain the following information:
* The names of the grantor and grantee
* The legal description of the property
* The consideration (i.e., the price) paid for the property
* The date of the transaction
* The signatures of the grantor and grantee
* The acknowledgment of the grantor before a notary public
Once the grant deed is signed, it is recorded in the county where the property is located. This makes it a public record and provides notice to the world that the grantor has transferred ownership of the property to the grantee.
A grant deed is a powerful document that can have significant legal consequences. It is important to have an experienced real estate attorney review any grant deed before signing it.
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