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 Bronx New York Grant Deed is a legal document that transfers ownership of real property from one party to another in the Bronx, New York. This type of deed is commonly used in real estate transactions to establish clear ownership of land or property. A Bronx New York Grant Deed typically includes the names of the granters (sellers) and grantees (buyers), a legal description of the property being transferred, and any relevant terms or conditions of the transfer. It ensures that the granter has the legal right to sell the property and guarantees that the property is free from any liens or claims. There are several types of Bronx New York Grant Deeds, including: 1. General Warranty Deed: This type of deed provides the highest level of protection for the buyer, as the granter guarantees that they have clear title to the property and will defend it against any claims. 2. Special Warranty Deed: With a special warranty deed, the granter guarantees that they have not done anything to impair the title during their ownership, but do not provide any guarantees for previous owners. 3. Bargain and Sale Deed: This deed transfers ownership of the property without any warranties or guarantees. It suggests that the granter has the right to sell the property but does not provide any assurances about the title. 4. Quitclaim Deed: A quitclaim deed is often used in situations where the granter is unsure about the title or wants to transfer their interest in the property without making any warranties. This type of deed provides the least amount of protection for the buyer. 5. Executor's Deed: This specific type of deed is used when a property is being transferred as part of an estate settlement. It is executed by the executor or personal representative of the deceased owner's estate. In conclusion, a Bronx New York Grant Deed is a legal instrument used to transfer ownership of real property in the Bronx. Understanding the different types of grant deeds can help buyers and sellers navigate the real estate transaction process and ensure the smooth transfer of ownership.A Bronx New York Grant Deed is a legal document that transfers ownership of real property from one party to another in the Bronx, New York. This type of deed is commonly used in real estate transactions to establish clear ownership of land or property. A Bronx New York Grant Deed typically includes the names of the granters (sellers) and grantees (buyers), a legal description of the property being transferred, and any relevant terms or conditions of the transfer. It ensures that the granter has the legal right to sell the property and guarantees that the property is free from any liens or claims. There are several types of Bronx New York Grant Deeds, including: 1. General Warranty Deed: This type of deed provides the highest level of protection for the buyer, as the granter guarantees that they have clear title to the property and will defend it against any claims. 2. Special Warranty Deed: With a special warranty deed, the granter guarantees that they have not done anything to impair the title during their ownership, but do not provide any guarantees for previous owners. 3. Bargain and Sale Deed: This deed transfers ownership of the property without any warranties or guarantees. It suggests that the granter has the right to sell the property but does not provide any assurances about the title. 4. Quitclaim Deed: A quitclaim deed is often used in situations where the granter is unsure about the title or wants to transfer their interest in the property without making any warranties. This type of deed provides the least amount of protection for the buyer. 5. Executor's Deed: This specific type of deed is used when a property is being transferred as part of an estate settlement. It is executed by the executor or personal representative of the deceased owner's estate. In conclusion, a Bronx New York Grant Deed is a legal instrument used to transfer ownership of real property in the Bronx. Understanding the different types of grant deeds can help buyers and sellers navigate the real estate transaction process and ensure the smooth transfer of ownership.
