Grant Deed

Grant Deed

A grant deed is a legal document used to transfer ownership of real property from one party to another. It is a type of deed that includes specific assurances regarding the title to the property being conveyed.

In a grant deed, the grantor (the seller or current owner) guarantees that they hold good title to the property, meaning they have the legal right to transfer it. Furthermore, the grantor affirms that the property has not been sold to anyone else and that there are no undisclosed encumbrances, such as liens or easements, against the property.

This type of deed is commonly used in real estate transactions and is recognized in many jurisdictions. It differs from a warranty deed, which offers broader protections, as it includes promises covering the entire history of the property’s title.

For example, if John sells his house to Mary using a grant deed, John states that he legally owns the house and that there are no other claims against it. If any issues arise related to the title after the transfer, the guarantees provided in the grant deed can offer limited protection to Mary, though it does not extend to issues that may have occurred before John’s ownership.

In summary, a grant deed is a vital instrument in real estate law, ensuring the transfer of property ownership while providing certain assurances about the title’s validity.