In real estate, the grantor is the person who transfers property ownership, while the grantee is the one who receives it. The definition of grantor and grantee is important because these roles appear in legal documents like deeds, which outline each partys rights and responsibilities.
What is a warranty deed in Oregon?
Warranty Deed - A warranty deed transfers to the grantee all of the legal rights the grantor has in the parcel of real property and explicitly warranties that the grantor has good title to the parcel.
Who is the grantor on a warranty deed?
The Grantor is the seller (on deeds), or borrower (on mortgages). The Grantor is usually the one who signed the document.
What is the meaning of limited warranty deed?
In a Limited Warranty Deed, the seller guarantees that they have not caused any defects in title during their ownership, but they do not warrant against defects that may have existed before their ownership. Essentially, the seller is only responsible for title issues that occurred while they owned the property.
Which type of deed provides the most warranties to the grantee?
General warranty deed A general warranty deed is the most common and comprehensive type of real estate deed, offering the highest level of protection to the grantee (or buyer).
Related Searches
Statutory warranty deed OregonQuitclaim deed OregonAlabama statutory warranty deedSpecial warranty deedLegalZoom quitclaim deedPrepare a new deedTransfer deed onlineForm to add name to property deed
(a) Creates a tenancy in common unless the conveyance or devise clearly and expressly declares that the grantees or devisees take the real property with right
by ES Miller 2007 Cited by 2 This paper summarizes cases that deal with limited liability company (LLC) and limited liability partnership. (LLP) issues. The first LLP and LLC cases
Cookie consent notice
This site uses cookies to enhance site navigation and personalize your experience.
By using this site you agree to our use of cookies as described in our Privacy Notice.
You can modify your selections by visiting our Cookie and Advertising Notice.