Arizona grant deed 2025

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The document is a Grant Deed form for transferring property in Arizona from two individuals to one individual. It includes instructions for completing the form, details about the Affidavit of Property Value required by Arizona law, a list of exemption codes for certain transfers, and a disclaimer regarding the use of the forms. The document emphasizes the importance of proper completion and notarization of the deed.

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What type of deed is not commonly used in Arizona?

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.

Which type of deed is used most often in divorce?

Transferring ownership of real property incident to divorce often involves the use of a Quitclaim Deed. Divorce professionals frequently request this deed when transferring property in a divorce settlement.

Does a grant deed prove ownership?

A bargain and sale deed is not commonly used in Arizona but may still be encountered in specific circumstances. It is a deed similar to a quitclaim deed, as it does not provide any warranties or guarantees regarding the property title.

What is an exception in a grant deed?

Ordinarily, a deed cannot be given effect unless it is accepted by the grantee. An exception to this rule is made when the grantee is a minor or mentally incompetent. Acceptance of a deed may be shown by acts, words or conduct of the grantee showing an intent to accept.

What is the main purpose of a grant deed?

With a grant deed, the grantor, or seller, transfers his ownership in the property to the grantee, or buyer, guaranteeing that he actually owns the property. This provides protection for the grantee, or buyer, because it ensures she is getting what she is buying, and a title company has the ability to insure her title.

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

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.