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There are four types of deed forms in Nevada, including general warranty deeds, quitclaim deeds, special warranty deeds, and deeds of trust. Except for trust deeds, these crucial property transfer documents are regulated under Nevada law NRS-111. Trust deeds work a little differently and fall under NRS-107.
Nevada law generally authorizes deeds to include covenants of title of the parties' choosing?subject to a few prohibited covenants. A Nevada property owner can therefore create a special warranty deed without the statutory grant-bargain-and-sale-deed language.
Nevada law recognizes three general types of deeds for transferring real estate: a general warranty deed form; a grant, bargain, and sale deed form; and a quitclaim deed form. These three forms vary ing to the guaranty the current owner provides?if any?regarding the quality of the property's title.
A Warranty Deed is the strongest deed and warrants to the Grantee: That the Grantor has not previously conveyed the estate or any interest therein to anyone except the Grantee; and. The estate is free from encumbrances.
Nevada deeds must meet the following signature requirements: Current Owner's Signature. The current property owner must sign a deed transferring real estate. ... Notarization. The current owner's signature must be acknowledged before a notary or other authorized officer.
The most common deed form in Nevada is the Grant Bargain and Sale Deed. This is a type of deed that typically involves two key elements. First, it warrants that the seller has not conveyed the property to another person.
General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.
"Quitclaim deed" means a deed of conveyance operating by way of release, that is, intended to pass any title, interest or claim which the grantor may have in the premises, but not professing that the title is valid nor containing any warranty or covenants for title. Nev. Admin.