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 Maryland Grant Deed is a legal document used to transfer ownership of real property (real estate) from one party to another. It provides a guarantee that the seller (granter) holds clear title to the property and has the legal authority to transfer it to the buyer (grantee). The granter must sign the deed and have it notarized before it can be considered valid. Keywords: Maryland, Grant Deed, real property, ownership, transfer, seller, buyer, title, notarized. There are several types of Maryland Grant Deeds that can be used depending on the situation or purpose of the property transfer. Some of these types include: 1. General Warranty Deed: This is the most common type of grant deed used in Maryland. It guarantees that the granter holds clear title to the property and provides the broadest protection to the grantee. It assures the grantee that they will be protected against any claims or issues related to the title. 2. Special Warranty Deed: This type of grant deed also guarantees that the granter holds clear title to the property, but only warrants against any claims or issues that arose during the granter's ownership. It does not provide protection against any claims or issues that existed before the granter acquired the property. 3. Quitclaim Deed: A quitclaim deed is typically used when the transfer of property does not involve a sale, such as transferring ownership between family members or correcting errors in the title. It makes no guarantees about the status of the title and only transfers the granter's interest in the property to the grantee. 4. Life Estate Deed: This type of grant deed is used when the property owner wants to transfer their property to another person but retain the right to use and occupy it until their death. The grantee becomes the owner of the property upon the granter's death. It is important to consult with a qualified attorney or real estate professional when dealing with Maryland Grant Deeds to ensure that the correct type of deed is used and all legal requirements are met.
