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 Tennessee Grant Deed is a legal document used in the state of Tennessee to transfer ownership of real property from one party (the granter) to another party (the grantee). It serves as evidence of the granter's intention to convey a property interest to the grantee without any warranty against other claims to the title. Keywords: Tennessee, Grant Deed, ownership, real property, transfer, granter, grantee, warranty, title. The Tennessee Grant Deed includes crucial details such as the names and addresses of both the granter and grantee, a clear and accurate property description, the amount paid (consideration) for the property if applicable, and the signature of the granter. This document should also be notarized and recorded with the appropriate county Register of Deeds to ensure its validity and to provide notice to the public about the transfer of property ownership. In Tennessee, there are different types of Grant Deeds that serve specific purposes. They include: 1. Traditional Grant Deed: This type of Grant Deed is the most commonly used and transfers ownership of the property from the granter to the grantee. It provides limited guarantees to the grantee, generally ensuring that the granter has the right to transfer the property but does not guarantee it to be free of any claims or encumbrances. 2. Tennessee Special Warranty Deed: This Grant Deed differs from the traditional Grant Deed as it provides a limited warranty against any defects or claims arising only during the granter's ownership of the property. This means that the granter guarantees that no adverse claims occurred during their ownership period but does not assume responsibility for any issues that may have arisen before their ownership. 3. Tennessee Quitclaim Deed: Though not technically a Grant Deed, the Quitclaim Deed is worth mentioning as it is sometimes used for transferring property in Tennessee. Unlike the Grant Deeds mentioned earlier, a Quitclaim Deed offers no warranties or guarantees to the grantee regarding the property's title. It simply conveys whatever interest the granter has, without any assurances. It is noteworthy that Tennessee law allows the use of multiple types of deeds for transferring property, depending on the specific circumstances and level of protection desired by the granter and grantee. Furthermore, it is important for both parties to consult legal professionals to understand the implications and choose the most appropriate type of deed for their transaction.A Tennessee Grant Deed is a legal document used in the state of Tennessee to transfer ownership of real property from one party (the granter) to another party (the grantee). It serves as evidence of the granter's intention to convey a property interest to the grantee without any warranty against other claims to the title. Keywords: Tennessee, Grant Deed, ownership, real property, transfer, granter, grantee, warranty, title. The Tennessee Grant Deed includes crucial details such as the names and addresses of both the granter and grantee, a clear and accurate property description, the amount paid (consideration) for the property if applicable, and the signature of the granter. This document should also be notarized and recorded with the appropriate county Register of Deeds to ensure its validity and to provide notice to the public about the transfer of property ownership. In Tennessee, there are different types of Grant Deeds that serve specific purposes. They include: 1. Traditional Grant Deed: This type of Grant Deed is the most commonly used and transfers ownership of the property from the granter to the grantee. It provides limited guarantees to the grantee, generally ensuring that the granter has the right to transfer the property but does not guarantee it to be free of any claims or encumbrances. 2. Tennessee Special Warranty Deed: This Grant Deed differs from the traditional Grant Deed as it provides a limited warranty against any defects or claims arising only during the granter's ownership of the property. This means that the granter guarantees that no adverse claims occurred during their ownership period but does not assume responsibility for any issues that may have arisen before their ownership. 3. Tennessee Quitclaim Deed: Though not technically a Grant Deed, the Quitclaim Deed is worth mentioning as it is sometimes used for transferring property in Tennessee. Unlike the Grant Deeds mentioned earlier, a Quitclaim Deed offers no warranties or guarantees to the grantee regarding the property's title. It simply conveys whatever interest the granter has, without any assurances. It is noteworthy that Tennessee law allows the use of multiple types of deeds for transferring property, depending on the specific circumstances and level of protection desired by the granter and grantee. Furthermore, it is important for both parties to consult legal professionals to understand the implications and choose the most appropriate type of deed for their transaction.
