Who holds the grant deed?

The seller is known as the grantor and the buyer is known as the grantee. A grant deed, also known as a bargain and sale deed or a limited warranty deed, is one type of deed, most often used in a: Foreclosure sale.

What is an easement example?

A common example of an easement is when one person is given the right to cross or access a road across another person’s property. Other common examples of easements are phone, gas, and power lines. In addition, sewage and water pipes are also common types of easements that are installed on private property.

A grant deed is a form of such written proof that an individual owns a property that also provides title guarantees to the new owner—i.e., insurance that the property title is free of claims or liens and the new owner has the right to sell or transfer the property to another.

What is the difference between a deed and a grant deed?

A grant deed offers more protection to a buyer than a quitclaim deed, but less protection than a warranty deed. The main difference between a warranty deed and a grant deed is that in a warranty deed, the grantor will warrant and defend the title against the claims of all persons.

What type of deed is best?

Quitclaim Deed This type of deed conveys whatever interest the grantor currently has in the property—if any. No warranties or promises regarding the quality of the title are made. If the grantor has a good title, the quitclaim deed is essentially as effective as a general warranty deed.

What do you need to know about Grant deeds?

With a Grant deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property. In California, Grant deeds are often used:

Do you have to notarize a grant deed?

Grant deeds are state specific. In most states, they must also be notarized as well as placed on file with the county where the property is located. What is a grant deed? What is a grant deed? A grant deed is a legal document that is used to transfer ownership of real property.

Can a grant deed be transferred to another person?

A grant deed is a legally binding document that enables property to be transferred from one person to another. In some areas, a grant deed is also known as a special warranty deed.

Where do I go to record a grant deed?

In most cases Grant deeds do not need to be recorded to be valid; however, it is in the grantee’s best interest to record the deed at the country recorder’s office in the county where the property is located. The law recognizes a grant deed in writing.

Who is required to sign a grant deed?

A grant deed is a legal document used to transfer ownership of real property. The grantor is the person transferring the property, and each grantor must sign the deed.

What kind of property is a grant deed?

Real property consists of land and any property attached directly to it (such as buildings, ponds, canals, roads, and machinery) and can also entail the right to use, control, and dispose of the land. A property that is transferred with a grant deed typically does not need to be re-assessed for property tax purposes.

What can you do with a grant deed in Georgia?

A grant deed is a real estate deed that is used to transfer real property in Georgia from one entity to another. There are no statutory forms provided for a grant deed in Georgia. If a deed sufficiently makes known the transaction between the parties, no want of form will invalidate it ( 44-5-33).

Do you have to re-assess real estate with a grant deed?

A property that is transferred with a grant deed typically does not need to be re-assessed for property tax purposes. Real estate, including real property, is often described as an asset class along with stocks, bonds, cash, and alternative investments like private equity and venture capital.