Nassau New York Granting Clause

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Nassau
• Control #: US-OG-498
• Format: Word; Rich Text

Description

The Granting Clause form, the the receipt and sufficiency of which is acknowledged, assignor grants, assigns, and conveys, without warranty of title, either express, implied or statutory, to assignee.

The Nassau New York Granting Clause is a legal provision commonly found in property deeds and real estate contracts in Nassau County, New York. It specifies the rights and restrictions associated with the transfer of property ownership from one party to another. This clause serves as an essential component of a deed, ensuring that the new owner receives clear title to the property. Having the Nassau New York Granting Clause in a deed assures the buyer that the granter possesses the legal right to transfer the property title and that there are no undisclosed claims or encumbrances. It provides a form of legal protection to the buyer, safeguarding their rights as the new property owner. The Nassau New York Granting Clause often includes relevant keywords such as "grant, bargain, sell, and convey." These terms indicate that the granter is willingly transferring ownership of the property to the grantee without any reservations. By using these keywords, the clause establishes the intent of the transfer and the completeness of the title being passed to the buyer. Different types or variations of the Nassau New York Granting Clause depend on the specific circumstances of the property transfer. For example, there can be special clauses tailored to address specific issues. Some common types of granting clauses in Nassau County include: 1. General Warranty Clause: This type of clause provides the most comprehensive level of protection to the grantee. It assures the grantee that the granter will bear responsibility for any defects, liens, or other claims against the property title, even if they arise from events that occurred before the granter acquired the property. 2. Special Warranty Clause: Unlike the general warranty clause, this clause limits the granter's liability to defects or claims that arose during their ownership of the property. It excludes any prior defects or issues that existed before the granter owned the property. 3. Quitclaim Clause: This type of clause offers the least amount of protection to the grantee. It simply transfers the granter's interest, if any, without making any assurances about the property title or potential defects. It is commonly used in situations where the granter's interest may be uncertain or when the transfer is between family members or parties who trust each other. In summary, the Nassau New York Granting Clause is a critical element of property deeds and real estate contracts in Nassau County, New York. It assures the buyer that the granter has the legal authority to transfer the property title, and it establishes the intent to convey clear and complete ownership rights. Different variations of the clause, such as general warranty, special warranty, and quitclaim clauses, provide varying levels of protection to the grantee.