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.
Nassau New York Grant Deed: A Detailed Description A Nassau New York Grant Deed is a legal document used to transfer ownership of real estate property located in Nassau County, New York. This deed serves as proof of the seller's intention to transfer the property's title to the buyer, also known as the grantee. When a property owner decides to sell their property in Nassau County, executing a grant deed is an essential step in the real estate transaction process. Keywords: Nassau New York, Grant Deed, property, ownership, real estate, transfer, title, seller, buyer, grantee, transaction. Types of Nassau New York Grant Deeds: 1. General Warranty Deed: This type of grant deed provides the highest level of protection for the grantee. It includes a guarantee from the seller (granter) that they hold clear and marketable title to the property and will defend any claim against it in the future. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed only offers a limited warranty. The granter guarantees that they have not done anything during their ownership to cause a defect in the title, but they do not provide any assurances for events that occurred before their ownership. 3. Quitclaim Deed: This type of grant deed essentially transfers whatever interest the granter has in the property, without making any guarantees or warranties about the title. It is often used in situations where the granter is unsure about the status or validity of the title. 4. Bargain and Sale Deed: A bargain and sale deed conveys the property to the grantee but does not guarantee or warrant that the granter holds clear title. It is typically used in foreclosure or tax sale situations. 5. Life Estate Deed: This grant deed transfers ownership of the property to the grantee for the duration of their lifetime. Once the grantee passes away, the property reverts to the original granter or another designated person. It is important to note that the specific requirements and terminology used in Nassau County may differ from other jurisdictions. To ensure compliance with local laws, it is recommended to consult with a real estate attorney or title company when drafting or executing a Nassau New York Grant Deed. This will help to avoid any legal complications and ensure a smooth transfer of ownership.Nassau New York Grant Deed: A Detailed Description A Nassau New York Grant Deed is a legal document used to transfer ownership of real estate property located in Nassau County, New York. This deed serves as proof of the seller's intention to transfer the property's title to the buyer, also known as the grantee. When a property owner decides to sell their property in Nassau County, executing a grant deed is an essential step in the real estate transaction process. Keywords: Nassau New York, Grant Deed, property, ownership, real estate, transfer, title, seller, buyer, grantee, transaction. Types of Nassau New York Grant Deeds: 1. General Warranty Deed: This type of grant deed provides the highest level of protection for the grantee. It includes a guarantee from the seller (granter) that they hold clear and marketable title to the property and will defend any claim against it in the future. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed only offers a limited warranty. The granter guarantees that they have not done anything during their ownership to cause a defect in the title, but they do not provide any assurances for events that occurred before their ownership. 3. Quitclaim Deed: This type of grant deed essentially transfers whatever interest the granter has in the property, without making any guarantees or warranties about the title. It is often used in situations where the granter is unsure about the status or validity of the title. 4. Bargain and Sale Deed: A bargain and sale deed conveys the property to the grantee but does not guarantee or warrant that the granter holds clear title. It is typically used in foreclosure or tax sale situations. 5. Life Estate Deed: This grant deed transfers ownership of the property to the grantee for the duration of their lifetime. Once the grantee passes away, the property reverts to the original granter or another designated person. It is important to note that the specific requirements and terminology used in Nassau County may differ from other jurisdictions. To ensure compliance with local laws, it is recommended to consult with a real estate attorney or title company when drafting or executing a Nassau New York Grant Deed. This will help to avoid any legal complications and ensure a smooth transfer of ownership.
