Washington 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 Washington Granting Clause is a significant provision that is commonly found in real estate deeds and contracts in the state of Washington, United States. This clause is crucial as it establishes the extent of rights being transferred from the granter (seller) to the grantee (buyer). The Washington Granting Clause serves as a legally binding statement that confirms the granter's intention to convey the property and guarantees the grantee's ownership rights. This clause specifically defines the type and nature of the estate being transferred, and outlines any restrictions or limitations attached to it. There are various types of Washington Granting Clauses, each serving a specific purpose: 1. General Warranty Deed Granting Clause: This type of clause provides the broadest and strongest form of guarantee to the grantee. It assures the grantee that the granter legally owns and possesses the property, and that there are no undisclosed encumbrances or claims against it. 2. Special Warranty Deed Granting Clause: Unlike the General Warranty Deed, this clause limits the granter's warranties to only the period they owned the property. It guarantees that during their ownership, the granter did not voluntarily create any defects or encumbrances, but it does not provide protection against potential hidden defects resulting from previous owners. 3. Quitclaim Deed Granting Clause: This clause offers the least amount of protection to the grantee. It conveys the granter's interest in the property without any warranties or guarantees. The granter relinquishes any claims they may have but does not guarantee clear ownership title. Irrespective of the type, a Washington Granting Clause typically includes relevant keywords such as "conveyance of property," "ownership rights," "encumbrances," "warranties," "title guarantee," "quality of title," "defects," "limitations," and "representations." It is crucial for both granters and grantees in Washington to thoroughly understand the Washington Granting Clause and its implications before engaging in any real estate transactions. Consulting with a qualified real estate attorney or legal professional is highly recommended ensuring compliance and to protect one's interests.

The Washington Granting Clause is a significant provision that is commonly found in real estate deeds and contracts in the state of Washington, United States. This clause is crucial as it establishes the extent of rights being transferred from the granter (seller) to the grantee (buyer). The Washington Granting Clause serves as a legally binding statement that confirms the granter's intention to convey the property and guarantees the grantee's ownership rights. This clause specifically defines the type and nature of the estate being transferred, and outlines any restrictions or limitations attached to it. There are various types of Washington Granting Clauses, each serving a specific purpose: 1. General Warranty Deed Granting Clause: This type of clause provides the broadest and strongest form of guarantee to the grantee. It assures the grantee that the granter legally owns and possesses the property, and that there are no undisclosed encumbrances or claims against it. 2. Special Warranty Deed Granting Clause: Unlike the General Warranty Deed, this clause limits the granter's warranties to only the period they owned the property. It guarantees that during their ownership, the granter did not voluntarily create any defects or encumbrances, but it does not provide protection against potential hidden defects resulting from previous owners. 3. Quitclaim Deed Granting Clause: This clause offers the least amount of protection to the grantee. It conveys the granter's interest in the property without any warranties or guarantees. The granter relinquishes any claims they may have but does not guarantee clear ownership title. Irrespective of the type, a Washington Granting Clause typically includes relevant keywords such as "conveyance of property," "ownership rights," "encumbrances," "warranties," "title guarantee," "quality of title," "defects," "limitations," and "representations." It is crucial for both granters and grantees in Washington to thoroughly understand the Washington Granting Clause and its implications before engaging in any real estate transactions. Consulting with a qualified real estate attorney or legal professional is highly recommended ensuring compliance and to protect one's interests.