Nevada Granting Clause

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-498
• Format: Word; Rich Text

Description

The Granting Clause form, the the receipt and sufficiency of which is acknowledged, assignor grants, assigns, and conveys, without warranty of title, either express, implied or statutory, to assignee. The Nevada Granting Clause refers to the specific language used in a deed to transfer ownership of real property in the state of Nevada. It is a crucial element of any deed that conveys property rights, outlining the extent of ownership being transferred. The granting clause effectively conveys the intention of the granter to grant and convey the property to the grantee. In Nevada, there are three types of granting clauses commonly used: 1. General Warranty Deed: A general warranty deed in Nevada includes a granting clause that guarantees the granter's clear and marketable title to the property. It provides the highest level of protection to the grantee by stating that the granter will defend against any claims against the property made by third parties. 2. Special Warranty Deed: This type of granting clause, also known as a limited warranty deed, limits the granter's liability for title defects only during the period when they owned the property. It guarantees that the granter has not hindered the title during their ownership, but does not cover any title issues that might have existed before their ownership. 3. Quitclaim Deed: The granting clause in a quitclaim deed offers the least amount of protection for the grantee. It transfers the granter's interest in the property without any warranty or guarantee regarding the title's validity or any encumbrances on the property. This clause is often used in situations like transferring property within a family or between parties who trust each other. In all types of Nevada granting clauses, the language used must be clear and unambiguous, indicating the intent to transfer ownership of the property from the granter to the grantee. It is important to consult with a qualified attorney or real estate professional to ensure that the granting clause in a deed conforms to the specific requirements and laws of Nevada.

The Nevada Granting Clause refers to the specific language used in a deed to transfer ownership of real property in the state of Nevada. It is a crucial element of any deed that conveys property rights, outlining the extent of ownership being transferred. The granting clause effectively conveys the intention of the granter to grant and convey the property to the grantee. In Nevada, there are three types of granting clauses commonly used: 1. General Warranty Deed: A general warranty deed in Nevada includes a granting clause that guarantees the granter's clear and marketable title to the property. It provides the highest level of protection to the grantee by stating that the granter will defend against any claims against the property made by third parties. 2. Special Warranty Deed: This type of granting clause, also known as a limited warranty deed, limits the granter's liability for title defects only during the period when they owned the property. It guarantees that the granter has not hindered the title during their ownership, but does not cover any title issues that might have existed before their ownership. 3. Quitclaim Deed: The granting clause in a quitclaim deed offers the least amount of protection for the grantee. It transfers the granter's interest in the property without any warranty or guarantee regarding the title's validity or any encumbrances on the property. This clause is often used in situations like transferring property within a family or between parties who trust each other. In all types of Nevada granting clauses, the language used must be clear and unambiguous, indicating the intent to transfer ownership of the property from the granter to the grantee. It is important to consult with a qualified attorney or real estate professional to ensure that the granting clause in a deed conforms to the specific requirements and laws of Nevada.