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 Wake North Carolina Grant Deed is a legal document used to transfer property ownership from one party to another within Wake County, North Carolina. It serves as proof that the current owner (granter) is relinquishing their rights and transferring the title to the new owner (grantee). This deed provides vital information about the property, the parties involved, and the conditions of the transfer. The Wake North Carolina Grant Deed must include several key elements to be considered valid and enforceable. Firstly, it should clearly state the intent to transfer ownership from the granter to the grantee. The document must also contain a description of the property being transferred, including accurate boundaries, parcel numbers, or any pertinent information to identify the location precisely. Additionally, the deed should include any restrictions, encumbrances, or easements that may affect the property's use or value. Various types of Wake North Carolina Grant Deeds exist, designed to address specific situations or preferences. These types include: 1. General Warranty Deed: This type of grant deed offers the highest level of protection for the grantee by guaranteeing the title against all claims, even those preceding the granter's ownership. 2. Special Warranty Deed: Unlike the General Warranty Deed, this type of grant deed only protects the grantee from any claims or encumbrances arising during the granter's ownership. It does not cover any pre-existing claims. 3. Quitclaim Deed: In a Quitclaim Deed, the granter merely transfers their ownership interest without providing any guarantees or warranties regarding the property's title. This type is often used in cases of gifting or transferring property between family members or acquaintances. It is crucial for both the granter and the grantee to fully understand the implications and protections involved in each type of Wake North Carolina Grant Deed before entering into any property transactions. When acquiring or selling property in Wake County, North Carolina, it is highly recommended consulting with an attorney or a qualified real estate professional to ensure that the appropriate type of grant deed is utilized and that all relevant laws and regulations are followed.A Wake North Carolina Grant Deed is a legal document used to transfer property ownership from one party to another within Wake County, North Carolina. It serves as proof that the current owner (granter) is relinquishing their rights and transferring the title to the new owner (grantee). This deed provides vital information about the property, the parties involved, and the conditions of the transfer. The Wake North Carolina Grant Deed must include several key elements to be considered valid and enforceable. Firstly, it should clearly state the intent to transfer ownership from the granter to the grantee. The document must also contain a description of the property being transferred, including accurate boundaries, parcel numbers, or any pertinent information to identify the location precisely. Additionally, the deed should include any restrictions, encumbrances, or easements that may affect the property's use or value. Various types of Wake North Carolina Grant Deeds exist, designed to address specific situations or preferences. These types include: 1. General Warranty Deed: This type of grant deed offers the highest level of protection for the grantee by guaranteeing the title against all claims, even those preceding the granter's ownership. 2. Special Warranty Deed: Unlike the General Warranty Deed, this type of grant deed only protects the grantee from any claims or encumbrances arising during the granter's ownership. It does not cover any pre-existing claims. 3. Quitclaim Deed: In a Quitclaim Deed, the granter merely transfers their ownership interest without providing any guarantees or warranties regarding the property's title. This type is often used in cases of gifting or transferring property between family members or acquaintances. It is crucial for both the granter and the grantee to fully understand the implications and protections involved in each type of Wake North Carolina Grant Deed before entering into any property transactions. When acquiring or selling property in Wake County, North Carolina, it is highly recommended consulting with an attorney or a qualified real estate professional to ensure that the appropriate type of grant deed is utilized and that all relevant laws and regulations are followed.
