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.
A Guam Grant Deed is a legal document used for transferring ownership of real property in Guam. This document is an important part of the property transfer process and provides evidence of the granter's intention to relinquish all claims and rights to the property in favor of the grantee. In Guam, a Grant Deed must meet specific legal requirements to be considered valid. It typically contains the names and addresses of both the granter (current owner) and grantee (new owner), a detailed legal description of the property being transferred, and any encumbrances or liens against the property. The deed is also required to be signed and notarized by the granter. One of the most important aspects of a Guam Grant Deed is the transfer of ownership rights. By executing and recording the deed, the granter permanently transfers the legal title and ownership of the property to the grantee. This transfer of ownership is crucial in ensuring that the grantee has a legal claim to the property and can exercise their rights as the owner. Different types of Grant Deeds can be used in Guam depending on the specific circumstances of the property transfer. These include: 1. General Warranty Deed: This type of deed provides the highest level of protection to the grantee. It guarantees that the granter holds clear title to the property and defends against any claims against the title. 2. Special Warranty Deed: Similar to a General Warranty Deed, a Special Warranty Deed also guarantees that the granter holds clear title to the property, but only for the duration of their ownership. It does not protect the grantee against claims from previous owners. 3. Quitclaim Deed: This type of deed offers the least amount of protection to the grantee. It simply transfers the granter's interest in the property without making any warranties or guarantees about the title. It is often used in situations where there is a family transfer, divorce, or other situations where the granter may not want to be liable for the title. Furthermore, it is important for both the granter and the grantee to understand the implications and differences of each type of deed before entering into a property transfer. Seeking legal advice is highly recommended ensuring compliance with Guam's laws and regulations concerning Grant Deeds.A Guam Grant Deed is a legal document used for transferring ownership of real property in Guam. This document is an important part of the property transfer process and provides evidence of the granter's intention to relinquish all claims and rights to the property in favor of the grantee. In Guam, a Grant Deed must meet specific legal requirements to be considered valid. It typically contains the names and addresses of both the granter (current owner) and grantee (new owner), a detailed legal description of the property being transferred, and any encumbrances or liens against the property. The deed is also required to be signed and notarized by the granter. One of the most important aspects of a Guam Grant Deed is the transfer of ownership rights. By executing and recording the deed, the granter permanently transfers the legal title and ownership of the property to the grantee. This transfer of ownership is crucial in ensuring that the grantee has a legal claim to the property and can exercise their rights as the owner. Different types of Grant Deeds can be used in Guam depending on the specific circumstances of the property transfer. These include: 1. General Warranty Deed: This type of deed provides the highest level of protection to the grantee. It guarantees that the granter holds clear title to the property and defends against any claims against the title. 2. Special Warranty Deed: Similar to a General Warranty Deed, a Special Warranty Deed also guarantees that the granter holds clear title to the property, but only for the duration of their ownership. It does not protect the grantee against claims from previous owners. 3. Quitclaim Deed: This type of deed offers the least amount of protection to the grantee. It simply transfers the granter's interest in the property without making any warranties or guarantees about the title. It is often used in situations where there is a family transfer, divorce, or other situations where the granter may not want to be liable for the title. Furthermore, it is important for both the granter and the grantee to understand the implications and differences of each type of deed before entering into a property transfer. Seeking legal advice is highly recommended ensuring compliance with Guam's laws and regulations concerning Grant Deeds.
