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 Lima Arizona Grant Deed is a legal document used to transfer ownership of real property in Pima County, Arizona. It guarantees that the granter (current owner) has the right to transfer the property to the grantee (new owner) free from any encumbrances or claims. This type of deed provides the highest level of protection to the buyer, as it states that the granter warrants and will defend the title against any claim arising from before the granter obtained the property. There are various types of Lima Arizona Grant Deeds, including: 1. General Warranty Deed: This type of deed provides the broadest warranties and protections for the grantee. It ensures that the granter guarantees clear title to the property and will compensate the grantee for any losses incurred due to title defects. 2. Special Warranty Deed: This deed, also known as a Limited Warranty Deed, guarantees clear title only for the period when the granter owned the property. It protects the grantee from any title defects resulting from the granter's actions or omissions. 3. Bargain and Sale Deed: This type of deed guarantees that the granter holds the title to the property but does not provide any warranties against title defects. It implies that the granter has not encumbered the property but does not explicitly warrant against third-party claims. 4. Quitclaim Deed: A Quitclaim Deed transfers the granter's interest in the property without making any warranties or guarantees regarding the title. It simply releases any claim the granter may have on the property. These different types of Lima Arizona Grant Deeds allow property owners to choose the level of protection they want to provide to the buyer and the warranties they are willing to give. It is advisable for buyers to conduct a thorough title search and obtain title insurance to ensure a clear and marketable title before accepting any type of deed.A Lima Arizona Grant Deed is a legal document used to transfer ownership of real property in Pima County, Arizona. It guarantees that the granter (current owner) has the right to transfer the property to the grantee (new owner) free from any encumbrances or claims. This type of deed provides the highest level of protection to the buyer, as it states that the granter warrants and will defend the title against any claim arising from before the granter obtained the property. There are various types of Lima Arizona Grant Deeds, including: 1. General Warranty Deed: This type of deed provides the broadest warranties and protections for the grantee. It ensures that the granter guarantees clear title to the property and will compensate the grantee for any losses incurred due to title defects. 2. Special Warranty Deed: This deed, also known as a Limited Warranty Deed, guarantees clear title only for the period when the granter owned the property. It protects the grantee from any title defects resulting from the granter's actions or omissions. 3. Bargain and Sale Deed: This type of deed guarantees that the granter holds the title to the property but does not provide any warranties against title defects. It implies that the granter has not encumbered the property but does not explicitly warrant against third-party claims. 4. Quitclaim Deed: A Quitclaim Deed transfers the granter's interest in the property without making any warranties or guarantees regarding the title. It simply releases any claim the granter may have on the property. These different types of Lima Arizona Grant Deeds allow property owners to choose the level of protection they want to provide to the buyer and the warranties they are willing to give. It is advisable for buyers to conduct a thorough title search and obtain title insurance to ensure a clear and marketable title before accepting any type of deed.
