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Commonly Asked Questions about Grant Bargain Sale Deeds

A grant deed transfers all of the Grantors ownership rights of a specific property to the Grantee and carries important implied warranties. A quitclaim deed conveys only whatever interest the conveying party may have in the property and carries none of the implied warranties of a grant deed.
A bargain and sale deed indicates that only the seller of a property holds the title and has the right to transfer ownership. This type of deed offers no guarantees for the buyer against liens or other claims to the property, so the buyer could be responsible for these issues if they turn up.
Both types of legal documents serve the same function of transferring ownership of real property. The fundamental difference between quitclaim deeds and grant deeds is the level of protection and warranty provided to the grantee.
Generally, gift deeds (or deeds of gift) are just another form of grant deed. They usually convey the title in fee simple, and they typically include the word grant in their operative language.
Simply put, Grant Deeds ensure that the true owner of a certain property or title has the legal right to convey their interest in the property, while a Quitclaim Deed does not have any such warranties or assurances. Quitclaim Deeds are commonly used in real property transactions involving family members or trusts.
A grant, bargain, and sale deed is commonly used in Nevada for a conveyance of real property. There is not a statutory form for this deed, but the Nevada Statutes provide relevant terms and rules of construction.
As a refresher, a grantor who uses a bargain and sale deed is guaranteeing that they own the property outright. This means that no other owner has a stake to claim with regards to the property title. In contrast, a quitclaim deed provides no such warranties.
A grant deed is used to transfer ownership of real property, often in conjunction with tax or foreclosure sales. It offers more protection to the buyer than a quitclaim deed but less than a general warranty deed.