Virginia 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 Virginia Granting Clause is a crucial provision in a deed used for transferring property ownership in the state of Virginia. It outlines the essential details of the transfer and the rights granted to the new owner. This clause is often present in Virginia property deeds and serves to legally convey the property from the granter (current owner) to the grantee (new owner). The Virginia Granting Clause contains specific keywords and key phrases that define the nature of the transfer, including "grant," "bargain," "sell," and "convey." When drafting a deed in Virginia, it is important to include these terms to ensure the legal validity of the transfer. There are different types of Virginia Granting Clauses that vary based on the specific interests being conveyed. For instance, there are general warranty deeds, special warranty deeds, and quitclaim deeds. 1. General Warranty Deed: This type of Granting Clause provides the highest level of protection to the grantee. It guarantees that the granter holds clear and marketable title to the property and ensures that the grantee is protected against any potential claims or liens against the property's title. 2. Special Warranty Deed: In this Granting Clause, the granter only warrants against claims and liens that arose during their ownership of the property. This means that the granter does not provide protection against any claims that existed before their ownership. 3. Quitclaim Deed: This type of Granting Clause offers the least amount of protection. It simply transfers the granter's interest in the property to the grantee, without any guarantees regarding the property's title. A quitclaim deed is often used in situations where the granter's interest is uncertain or when transferring property between family members. In summary, the Virginia Granting Clause is a critical component of property deeds in Virginia, explicitly stating the transfer of ownership rights from the granter to the grantee. The different types of Granting Clauses, including general warranty deeds, special warranty deeds, and quitclaim deeds, provide varying degrees of protection to the grantee. It is crucial to understand the specific provisions of each type of deed when transferring property in Virginia.

The Virginia Granting Clause is a crucial provision in a deed used for transferring property ownership in the state of Virginia. It outlines the essential details of the transfer and the rights granted to the new owner. This clause is often present in Virginia property deeds and serves to legally convey the property from the granter (current owner) to the grantee (new owner). The Virginia Granting Clause contains specific keywords and key phrases that define the nature of the transfer, including "grant," "bargain," "sell," and "convey." When drafting a deed in Virginia, it is important to include these terms to ensure the legal validity of the transfer. There are different types of Virginia Granting Clauses that vary based on the specific interests being conveyed. For instance, there are general warranty deeds, special warranty deeds, and quitclaim deeds. 1. General Warranty Deed: This type of Granting Clause provides the highest level of protection to the grantee. It guarantees that the granter holds clear and marketable title to the property and ensures that the grantee is protected against any potential claims or liens against the property's title. 2. Special Warranty Deed: In this Granting Clause, the granter only warrants against claims and liens that arose during their ownership of the property. This means that the granter does not provide protection against any claims that existed before their ownership. 3. Quitclaim Deed: This type of Granting Clause offers the least amount of protection. It simply transfers the granter's interest in the property to the grantee, without any guarantees regarding the property's title. A quitclaim deed is often used in situations where the granter's interest is uncertain or when transferring property between family members. In summary, the Virginia Granting Clause is a critical component of property deeds in Virginia, explicitly stating the transfer of ownership rights from the granter to the grantee. The different types of Granting Clauses, including general warranty deeds, special warranty deeds, and quitclaim deeds, provide varying degrees of protection to the grantee. It is crucial to understand the specific provisions of each type of deed when transferring property in Virginia.