Add Drop-down Field To Legal Nevada Contract For Deed Forms For Free

A conveyance of Nevada real estate must be evidenced by a deed signed by a property owner of lawful age or by the owner's authorized agent or attorney. Nevada law assumes that a deed transfer's the owner's entire interest?including any water rights or after-acquired title?unless the deed expressly limits the transfer.

A bargain and sale deed indicates that only the seller of a property holds the title and has the right to transfer ownership. This type of deed offers no guarantees for the buyer against liens or other claims to the property, so the buyer could be responsible for these issues if they turn up.

"Quitclaim deed" means a deed of conveyance operating by way of release, that is, intended to pass any title, interest or claim which the grantor may have in the premises, but not professing that the title is valid nor containing any warranty or covenants for title. Nev. Admin.

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.

A Nevada grant, bargain, and sale deed form is a statutorily authorized form of deed that transfers real estate with warranty of title limited to the period while the current owner held the property. 2. Grant, bargain, and sale deeds convey Nevada real estate with special warranties.

Admin. Code § 375.100. "Quitclaim deed" means a deed of conveyance operating by way of release, that is, intended to pass any title, interest or claim which the grantor may have in the premises, but not professing that the title is valid nor containing any warranty or covenants for title.