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A deed may be divided into three component parts: the premises; the habendum; and, the testimonium. The premises include the date, parties, consideration, granting clause, description, recital, and appurtenances.

The effective date of a deed is the date of delivery, and the date of delivery is presumed to be the date of the last acknowledgment, if any, or the date stated on the deed, whichever is later.

If a grantor has changed his or her name as a result of marriage, divorce or otherwise, you should list all the names that were used in prior recorded deeds with appropriate qualifications such as “aka” for “also known as” or “fka” for “formerly known as.” This will insure you have a clear chain of title.

Related Definitions Recording Date means the date the property agreement is recorded with the county auditor, county recorder, or other appropriate governmental agency charged with the responsibility of recording real estate transfers and titles.

Key Takeaways. A property deed is a legal document that transfers the ownership of real estate from a seller to a buyer. For a deed to be legal it must state the name of the buyer and the seller, describe the property that is being transferred, and include the signature of the party that is transferring the property.

In addition to being deemed either official or private, deeds are also further classified as either general warranty, special warranty, or quitclaim.

OPERATIVE PART Definition & Legal Meaning That part of a conveyance, or of any instrument intended for the creation or transference of rights, by which the main object of the instrument is carried into effect. It is distinguished from Introductory matter, recitals, formal conclusion, etc.

Date of this Deed means the date this deed is signed by all the Parties.