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 North Carolina Grant Deed is a legal document used to transfer real property ownership from one party (the granter) to another (the grantee). This type of deed guarantees that the granter owns the property free and clear and has the right to transfer it. In North Carolina, there are several types of Grant Deeds used in different situations. These include: 1. General Warranty Deed: This is the most common type of Grant Deed used in North Carolina. It provides the highest level of protection for the grantee by guaranteeing that the granter has full legal ownership of the property and will defend the title against any claims. 2. Special Warranty Deed: This type of Grant Deed provides a limited warranty to the grantee. The granter guarantees that they have not done anything to impair the title during their ownership of the property, but they do not assume responsibility for any issues that may have existed prior to their ownership. 3. Quitclaim Deed: While not technically a Grant Deed, the Quitclaim Deed is commonly used in North Carolina. It transfers whatever interest the granter has in the property without providing any warranties. This type of deed is often used in situations where the granter's interest in the property is uncertain or when transferring property between family members. To create a North Carolina Grant Deed, certain information must be included, such as the names and addresses of the granter and grantee, a legal description of the property, and the amount of consideration (if any) exchanged for the property. The deed should be signed and notarized by the granter and filed with the appropriate county office or register of deeds. It is essential to consult with a real estate attorney or title professional when dealing with North Carolina Grant Deeds to ensure all legal requirements are met and to understand the implications of transferring property ownership.A North Carolina Grant Deed is a legal document used to transfer real property ownership from one party (the granter) to another (the grantee). This type of deed guarantees that the granter owns the property free and clear and has the right to transfer it. In North Carolina, there are several types of Grant Deeds used in different situations. These include: 1. General Warranty Deed: This is the most common type of Grant Deed used in North Carolina. It provides the highest level of protection for the grantee by guaranteeing that the granter has full legal ownership of the property and will defend the title against any claims. 2. Special Warranty Deed: This type of Grant Deed provides a limited warranty to the grantee. The granter guarantees that they have not done anything to impair the title during their ownership of the property, but they do not assume responsibility for any issues that may have existed prior to their ownership. 3. Quitclaim Deed: While not technically a Grant Deed, the Quitclaim Deed is commonly used in North Carolina. It transfers whatever interest the granter has in the property without providing any warranties. This type of deed is often used in situations where the granter's interest in the property is uncertain or when transferring property between family members. To create a North Carolina Grant Deed, certain information must be included, such as the names and addresses of the granter and grantee, a legal description of the property, and the amount of consideration (if any) exchanged for the property. The deed should be signed and notarized by the granter and filed with the appropriate county office or register of deeds. It is essential to consult with a real estate attorney or title professional when dealing with North Carolina Grant Deeds to ensure all legal requirements are met and to understand the implications of transferring property ownership.
