Granting Clause Real Estate

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Granting Clause is a legal provision included in real estate deeds and contracts within Suffolk County, New York. It outlines the specific rights and interests being granted by the granter (seller) to the grantee (buyer) in the transfer of property ownership. This clause serves as an important component in establishing and defining property rights and ensures clarity and certainty in real estate transactions. The Suffolk New York Granting Clause typically begins with phrases such as "Granter does hereby grant, bargain, sell, and convey" or "Granter grants and conveys" followed by a detailed description of the property being transferred. It includes essential information such as the property's legal description, parcel number, and any relevant encumbrances or restrictions that may affect its use. Keywords: 1. Suffolk New York: Refers to the specific county within New York State where the Granting Clause is utilized. Suffolk County contains various towns, villages, and hamlets, each with its own unique real estate regulations and requirements. 2. Granting Clause: The legal provision within a deed or contract that outlines the transfer of property rights from a granter to a grantee. It establishes the rights, interests, and obligations of the parties involved, ensuring the legality of the transfer of property ownership. Types of Suffolk New York Granting Clauses: 1. General Warranty Deed Granting Clause: This type of Granting Clause provides a comprehensive warranty of title, assuring the grantee that the granter has full legal ownership rights and will defend against any claims or encumbrances on the property. 2. Special Warranty Deed Granting Clause: This type of Granting Clause limits the granter's warranty to the time during which they held ownership of the property. It provides assurance that the granter has not done anything to adversely affect the title during their ownership. 3. Quitclaim Deed Granting Clause: This type of Granting Clause provides no warranty of title or interest in the property. It simply transfers any rights or claims the granter has in the property to the grantee, without guaranteeing their validity. In summary, the Suffolk New York Granting Clause is an essential legal provision within real estate transactions in Suffolk County. It establishes the transfer of property ownership rights from a granter to a grantee and ensures clarity and certainty in the transaction. Different types of Granting Clauses, such as General Warranty, Special Warranty, and Quitclaim, provide varying levels of warranty and protection for the grantee.

The Suffolk New York Granting Clause is a legal provision included in real estate deeds and contracts within Suffolk County, New York. It outlines the specific rights and interests being granted by the granter (seller) to the grantee (buyer) in the transfer of property ownership. This clause serves as an important component in establishing and defining property rights and ensures clarity and certainty in real estate transactions. The Suffolk New York Granting Clause typically begins with phrases such as "Granter does hereby grant, bargain, sell, and convey" or "Granter grants and conveys" followed by a detailed description of the property being transferred. It includes essential information such as the property's legal description, parcel number, and any relevant encumbrances or restrictions that may affect its use. Keywords: 1. Suffolk New York: Refers to the specific county within New York State where the Granting Clause is utilized. Suffolk County contains various towns, villages, and hamlets, each with its own unique real estate regulations and requirements. 2. Granting Clause: The legal provision within a deed or contract that outlines the transfer of property rights from a granter to a grantee. It establishes the rights, interests, and obligations of the parties involved, ensuring the legality of the transfer of property ownership. Types of Suffolk New York Granting Clauses: 1. General Warranty Deed Granting Clause: This type of Granting Clause provides a comprehensive warranty of title, assuring the grantee that the granter has full legal ownership rights and will defend against any claims or encumbrances on the property. 2. Special Warranty Deed Granting Clause: This type of Granting Clause limits the granter's warranty to the time during which they held ownership of the property. It provides assurance that the granter has not done anything to adversely affect the title during their ownership. 3. Quitclaim Deed Granting Clause: This type of Granting Clause provides no warranty of title or interest in the property. It simply transfers any rights or claims the granter has in the property to the grantee, without guaranteeing their validity. In summary, the Suffolk New York Granting Clause is an essential legal provision within real estate transactions in Suffolk County. It establishes the transfer of property ownership rights from a granter to a grantee and ensures clarity and certainty in the transaction. Different types of Granting Clauses, such as General Warranty, Special Warranty, and Quitclaim, provide varying levels of warranty and protection for the grantee.