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Click ‘Get Form’ to open the grant deed definition in the editor.
Begin by filling in the 'Recording requested by' section with your name and contact information. This ensures that you receive the deed and tax statements after recording.
In the 'For recorder’s use only' section, indicate whether the transfer is exempt from documentary transfer tax or specify the amount of tax due based on property value.
Specify the location of the property by selecting either 'unincorporated area' or providing the city name where applicable.
Fill in the details of the property being transferred, including its address and county, ensuring accuracy for legal purposes.
Sign and date the document in the designated areas, confirming your acknowledgment of receipt for valuable consideration.
Finally, arrange for a notary public to witness your signature and complete their section to validate the document.

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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?

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.

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?

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.

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.

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