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 Wisconsin Grant Deed is a legal document used in real estate transactions to transfer ownership of a property from the granter (seller) to the grantee (buyer). It ensures that the buyer receives full ownership rights and interest in the property being conveyed. This type of deed provides the highest level of protection for the buyer as it guarantees that the property is free from any encumbrances, except those specifically mentioned in the deed. Key elements that are typically included in a Wisconsin Grant Deed are the names of the granter and grantee, a detailed legal description of the property, the consideration paid for the property, and the signature of the granter. The document is then filed with the appropriate county office, usually the Register of Deeds, to officially record the transfer. Different types of Wisconsin Grant Deeds include: 1. General Warranty Deed: This is the most common type of Grant Deed used in Wisconsin. It provides the highest level of protection to the buyer, as the granter guarantees that the property is free from any defects in title, even if they originated prior to the granter's ownership. 2. Special Warranty Deed: This type of Grant Deed limits the granter's warranty to only those defects in title that occurred during their ownership. Any issues that existed prior to their ownership are not covered. 3. Quitclaim Deed: While not technically a Grant Deed, a Quitclaim Deed is commonly used in Wisconsin for transferring property between family members or in situations where the granter is not guaranteeing the status of the title. It makes no warranties as to the condition of the title and only transfers whatever interest the granter may have in the property. It is important for both the granter and grantee to carefully review the terms of the Wisconsin Grant Deed and consult with an attorney or real estate professional to ensure that all necessary provisions are included and the transaction is legally binding.A Wisconsin Grant Deed is a legal document used in real estate transactions to transfer ownership of a property from the granter (seller) to the grantee (buyer). It ensures that the buyer receives full ownership rights and interest in the property being conveyed. This type of deed provides the highest level of protection for the buyer as it guarantees that the property is free from any encumbrances, except those specifically mentioned in the deed. Key elements that are typically included in a Wisconsin Grant Deed are the names of the granter and grantee, a detailed legal description of the property, the consideration paid for the property, and the signature of the granter. The document is then filed with the appropriate county office, usually the Register of Deeds, to officially record the transfer. Different types of Wisconsin Grant Deeds include: 1. General Warranty Deed: This is the most common type of Grant Deed used in Wisconsin. It provides the highest level of protection to the buyer, as the granter guarantees that the property is free from any defects in title, even if they originated prior to the granter's ownership. 2. Special Warranty Deed: This type of Grant Deed limits the granter's warranty to only those defects in title that occurred during their ownership. Any issues that existed prior to their ownership are not covered. 3. Quitclaim Deed: While not technically a Grant Deed, a Quitclaim Deed is commonly used in Wisconsin for transferring property between family members or in situations where the granter is not guaranteeing the status of the title. It makes no warranties as to the condition of the title and only transfers whatever interest the granter may have in the property. It is important for both the granter and grantee to carefully review the terms of the Wisconsin Grant Deed and consult with an attorney or real estate professional to ensure that all necessary provisions are included and the transaction is legally binding.
