Grant Deed
A Grant Deed is a legal document used to transfer property ownership that provides certain warranties from the grantor to the grantee, typically guaranteeing that the property hasn't been sold to anyone else and is free from encumbrances created by the grantor. This type of deed offers more protection than a quitclaim deed but less than a warranty deed.
Example
“The grant deed included warranties that the seller had clear title and hadn't previously sold the property to anyone else.”
Memory Tip
Think 'Grant Deed = Guaranteed Delivery' - it's a deed that comes with the seller's promise that they actually own what they're selling.
Why It Matters
Grant deeds provide buyers with important legal protections and warranties about the property title, offering security that the seller has the right to transfer ownership and hasn't encumbered the property.
Common Misconception
Many assume grant deeds provide the same comprehensive warranties as warranty deeds, but grant deeds only warrant against the grantor's actions, not previous owners' issues.
In Practice
When Maria sold her home to David, she used a grant deed to transfer ownership, warranting that she owned the property free and clear and hadn't granted any conflicting interests to other parties.
Etymology
Combines 'grant' from Old French meaning to give or transfer, with 'deed' from Old English 'daed' meaning action, creating a document that performs the action of transferring property.
Common Misspellings
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