GRANT DEED Meaning and
Definition
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A grant deed is a legal document used in real estate transactions that transfers ownership of a property from one party to another. It is commonly utilized in the United States, particularly in California. This type of deed serves as proof of a valid transfer of real property and provides certain warranties to the buyer.
In a grant deed, the person or entity transferring the property (known as the grantor) guarantees to the recipient (known as the grantee) that they hold clear title to the property and have the legal right to transfer it. The grantor warrants that they have not previously conveyed the property to anyone else and that there are no undisclosed encumbrances or liens against the property at the time of the transfer. This means that the property is being transferred free and clear, without any prior claims or debts attached to it.
A grant deed typically includes essential information such as the names of the grantor and grantee, a legal description of the property being transferred, and the granting clause stating the transfer of ownership. It must also be properly executed, notarized, and recorded with the county or municipal office responsible for property records.
Unlike some other types of deeds, a grant deed does not provide absolute guarantees or protection against all potential claims. Instead, it offers a warranty that the grantor has not negatively impacted the title and has transferred their interest in the property to the grantee. It is essential for both parties involved in a real estate transaction to understand the nature and implications of a grant deed before entering into an agreement.
Common Misspellings for GRANT DEED
- frant deed
- vrant deed
- brant deed
- hrant deed
- yrant deed
- trant deed
- geant deed
- gdant deed
- gfant deed
- gtant deed
- g5ant deed
- g4ant deed
- grznt deed
- grsnt deed
- grwnt deed
- grqnt deed
- grabt deed
- gramt deed
- grajt deed
- graht deed
Etymology of GRANT DEED
The word "grant" in the context of a legal document such as a "grant deed" comes from the Middle English term "graunten", which originally stems from the Old French term "graunter". "Graunter" means to allow or consent. The term "grant" signifies the act of giving or bestowing something, particularly in a legal sense. This concept is reflected in a grant deed, which involves the transfer of property ownership rights from one party to another.
Similar spelling words for GRANT DEED
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