A deed is an instrument by which an owner (the grantor) transfers an interest in land to a new owner (the grantee). No consideration is required to make the deed effective. The deed is necessary to transfer title to land even if it is a gift. It has no effect, and title does not pass until the deed has been delivered. The recording of the deed is not required to make the deed effective to pass title between the buyer and the seller. However, recording is necessary so that the public will know that the buyer is the present owner. Recording constitutes "notice to the world" of the transfer in title.
The grantor is the person selling the property. The grantee is the person buying the property. A grant deed is a deed containing an implied warranty that there are no encumbrances on the property not described in the deed and that the person transferring the property actually owns the title. It must describe the property by legal description of boundaries and/or parcel numbers, be signed by all people transferring the property, and be acknowledged before a notary public. It is in contrast to a quit claim deed, which only conveys the interest that the transferor actually owns, if any, without a warranty of ownership.
An Arizona Grant Deed is a legal document used to transfer the ownership of real property from one party to another in the state of Arizona. It acts as proof of ownership and provides important details about the property being transferred. When a property owner wants to sell or gift their property to someone else, they can use a Grant Deed to officially convey the title. One crucial aspect of a Grant Deed is that it guarantees that the property is being transferred free of any undisclosed liens or encumbrances, except those already mentioned in the deed. By signing a Grant Deed, the granter (current property owner) asserts that they have full authority to transfer the property and that it will be conveyed to the grantee (new property owner) without any title defects. Additionally, a Grant Deed in Arizona contains specific information about the property, such as the legal description, the Assessor's Parcel Number (APN), and the names and addresses of both the granter and grantee. This ensures clarity and accuracy in identifying the property being transferred. Different types of Arizona Grant Deeds include: 1. General Grant Deed: This is the most commonly used type of Grant Deed in Arizona. It conveys the property from the granter to the grantee without any specific warranties or guarantees, except that the granter has not previously conveyed the property to someone else. 2. Special Warranty Deed: In this type of Grant Deed, the granter guarantees the title against any defects or encumbrances that may have arisen during their ownership period. However, they do not provide such a guarantee for any issues that may have existed before they acquired the property. 3. Quitclaim Deed: Unlike the General and Special Warranty Deeds, a Quitclaim Deed provides no warranties or guarantees about the property's title. It simply transfers the granter's interest in the property, if any exists, to the grantee. This type of deed is often used in situations where the granter does not have a clear or certain interest in the property. It is crucial to note that while these are the most common types of Grant Deeds in Arizona, individuals should consult with a legal professional to determine which type best suits their specific situation. Understanding the different types of Grant Deeds helps property owners and buyers make informed decisions when transferring property ownership in Arizona.
