Grant deed definition 2025

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  1. Click ‘Get Form’ to open the grant deed definition in the editor.
  2. Begin by filling in the 'Recording requested by' section with your name and contact information. This ensures that the document is properly attributed.
  3. In the 'For recorder’s use only' section, indicate whether the transfer is exempt from documentary transfer tax by checking the appropriate box. If not exempt, specify the tax amount and how it was computed.
  4. Next, provide details about the property location. Specify if it is in an unincorporated area or a city, and fill in the relevant city name.
  5. In the 'For a valuable consideration' section, enter your name as the grantor and complete the description of the real property being transferred.
  6. Finally, include dates and signatures where indicated. Ensure that a notary public completes their section for validation.

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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.
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.
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.
The fundamental difference is that a Grant Deed ensures the grantor has a legal interest in the property, while a Quitclaim Deed releases only the potential interest one might have in a property without any warranties.
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.