This form is a Grant, Bargain and Sale Deed where the Grantors are two individuals or husband and wife and the Grantees are two individuals or husband and wife. This deed complies with all state statutory laws.
In Phoenix, Arizona, a Grant, Bargain, and Sale Deed is a legal document used to transfer ownership of real property from a seller (granter) to a buyer (grantee). This type of deed provides certain assurances to the buyer regarding the seller's ownership rights and guarantees that the property is free from any liens or encumbrances, except for those specifically mentioned in the deed. The Grant, Bargain, and Sale Deed is commonly used in Arizona as it offers a middle ground between a General Warranty Deed (which provides the highest level of protection for the buyer) and a Quitclaim Deed (which provides the lowest level of protection). This type of deed is often used in situations where the seller is not willing or able to provide the extensive warranties provided in a General Warranty Deed, but still wants to provide some assurances to the buyer. There are two variations of the Grant, Bargain, and Sale Deed that are commonly used in Phoenix, Arizona: 1. Grant, Bargain, and Sale Deed with Covenants: This variation of the deed includes certain covenants that provide additional protections to the buyer. These covenants typically include a covenant of basin (guarantee that the seller has the right to convey the property), a covenant of quiet enjoyment (guarantee that the buyer will not be disturbed in their possession of the property), and a covenant against encumbrances (guarantee that the property is free from any liens or encumbrances, except those specified in the deed). 2. Grant, Bargain, and Sale Deed without Covenants: This variation of the deed does not include the additional covenants mentioned above. Instead, it simply transfers the seller's ownership interest in the property to the buyer, without providing any additional assurances or warranties. Both variations of the Grant, Bargain, and Sale Deed must be properly executed, witnessed, and notarized to be valid and enforceable. It is advisable for both parties involved in the transaction to seek legal guidance to ensure that the deed accurately reflects their intentions and protects their interests. Additionally, it is important to conduct a thorough title search and obtain title insurance to verify the property's ownership history and protect against any potential hidden claims or defects. In conclusion, the Phoenix, Arizona Grant, Bargain, and Sale Deed is a legal document used to transfer ownership of real property. It offers varying levels of protection to the buyer, depending on whether it includes covenants or not. Seek professional advice and conduct due diligence to ensure a smooth and secure property transfer.In Phoenix, Arizona, a Grant, Bargain, and Sale Deed is a legal document used to transfer ownership of real property from a seller (granter) to a buyer (grantee). This type of deed provides certain assurances to the buyer regarding the seller's ownership rights and guarantees that the property is free from any liens or encumbrances, except for those specifically mentioned in the deed. The Grant, Bargain, and Sale Deed is commonly used in Arizona as it offers a middle ground between a General Warranty Deed (which provides the highest level of protection for the buyer) and a Quitclaim Deed (which provides the lowest level of protection). This type of deed is often used in situations where the seller is not willing or able to provide the extensive warranties provided in a General Warranty Deed, but still wants to provide some assurances to the buyer. There are two variations of the Grant, Bargain, and Sale Deed that are commonly used in Phoenix, Arizona: 1. Grant, Bargain, and Sale Deed with Covenants: This variation of the deed includes certain covenants that provide additional protections to the buyer. These covenants typically include a covenant of basin (guarantee that the seller has the right to convey the property), a covenant of quiet enjoyment (guarantee that the buyer will not be disturbed in their possession of the property), and a covenant against encumbrances (guarantee that the property is free from any liens or encumbrances, except those specified in the deed). 2. Grant, Bargain, and Sale Deed without Covenants: This variation of the deed does not include the additional covenants mentioned above. Instead, it simply transfers the seller's ownership interest in the property to the buyer, without providing any additional assurances or warranties. Both variations of the Grant, Bargain, and Sale Deed must be properly executed, witnessed, and notarized to be valid and enforceable. It is advisable for both parties involved in the transaction to seek legal guidance to ensure that the deed accurately reflects their intentions and protects their interests. Additionally, it is important to conduct a thorough title search and obtain title insurance to verify the property's ownership history and protect against any potential hidden claims or defects. In conclusion, the Phoenix, Arizona Grant, Bargain, and Sale Deed is a legal document used to transfer ownership of real property. It offers varying levels of protection to the buyer, depending on whether it includes covenants or not. Seek professional advice and conduct due diligence to ensure a smooth and secure property transfer.
