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.
Queens, New York, Grant Deed: A Comprehensive Explanation A Queens, New York, Grant Deed is a legal document commonly used in real estate transactions to transfer the ownership of a property from one party (the granter) to another (the grantee) within the jurisdiction of Queens, New York. It serves as concrete proof of the transfer of property rights and outlines key information about the transaction. Typically, used in residential and commercial transactions, a Grant Deed guarantees that the granter (seller) has the legal right to transfer the property and that it is free from any liens or encumbrances. This document offers significant protection to the grantee (buyer), ensuring they are obtaining clear and uncontested ownership. A standard Queens, New York, Grant Deed includes various essential details. These include the names and addresses of both the granter and the grantee, a precise description of the property being transferred, the agreed-upon purchase price, and the date on which the transfer is effective. Additionally, it may contain information about any restrictions or agreements related to the property. There are different types of Grant Deeds that can be used in Queens, New York, depending on the specific circumstances of the transaction: 1. General Grant Deed: This is the most common type and provides a warranty that the property is free from any encumbrances, except those explicitly stated in the document. 2. Special Grant Deed: This type of deed, also known as a limited warranty deed, guarantees that the granter has not encumbered the property during their ownership. However, it does not protect the grantee against any potential defects that may have occurred before the granter's ownership. 3. Quitclaim Deed: Although technically not considered a Grant Deed, it is worth mentioning, as it is occasionally used in Queens, New York. A Quitclaim Deed transfers the granter's interest in the property (if any) to the grantee, without any warranties. It merely conveys whatever interest the granter may have, without providing any assurance or guarantee. In summary, a Queens, New York, Grant Deed is a critical legal document used in property transactions. It guarantees the transfer of clear ownership rights from the granter to the grantee, protecting the buyer's interests. Different types of Grant Deeds, such as General, Special, and Quitclaim Deeds, exist to meet various requirements and circumstances of the transaction.Queens, New York, Grant Deed: A Comprehensive Explanation A Queens, New York, Grant Deed is a legal document commonly used in real estate transactions to transfer the ownership of a property from one party (the granter) to another (the grantee) within the jurisdiction of Queens, New York. It serves as concrete proof of the transfer of property rights and outlines key information about the transaction. Typically, used in residential and commercial transactions, a Grant Deed guarantees that the granter (seller) has the legal right to transfer the property and that it is free from any liens or encumbrances. This document offers significant protection to the grantee (buyer), ensuring they are obtaining clear and uncontested ownership. A standard Queens, New York, Grant Deed includes various essential details. These include the names and addresses of both the granter and the grantee, a precise description of the property being transferred, the agreed-upon purchase price, and the date on which the transfer is effective. Additionally, it may contain information about any restrictions or agreements related to the property. There are different types of Grant Deeds that can be used in Queens, New York, depending on the specific circumstances of the transaction: 1. General Grant Deed: This is the most common type and provides a warranty that the property is free from any encumbrances, except those explicitly stated in the document. 2. Special Grant Deed: This type of deed, also known as a limited warranty deed, guarantees that the granter has not encumbered the property during their ownership. However, it does not protect the grantee against any potential defects that may have occurred before the granter's ownership. 3. Quitclaim Deed: Although technically not considered a Grant Deed, it is worth mentioning, as it is occasionally used in Queens, New York. A Quitclaim Deed transfers the granter's interest in the property (if any) to the grantee, without any warranties. It merely conveys whatever interest the granter may have, without providing any assurance or guarantee. In summary, a Queens, New York, Grant Deed is a critical legal document used in property transactions. It guarantees the transfer of clear ownership rights from the granter to the grantee, protecting the buyer's interests. Different types of Grant Deeds, such as General, Special, and Quitclaim Deeds, exist to meet various requirements and circumstances of the transaction.
