A grant deed is a legal document that is used to transfer ownership of real property. A grant deed contains the name of the person or entity that is transferring the property, a legal description of the property, and the name of the person or entity that the property is being transferred to. A grant deed may also be known as a special warranty deed.
The property owner who wants to transfer title, or the grantor, guarantees that the property has not been sold to anyone else and that the property is not under any liens or restrictions that have not been disclosed. The grantee is the new owner of the property. The form must be notarized by a notary public, who will charge a small fee.
A grant deed is most often used by parties who do not know each other when they transfer property. A grant deed is different from the quitclaim deed, which is often used to during a divorce proceeding for one spouse to show they have no interest in a property. A grant deed offers a little less protection for the buyer than a warranty deed. A warranty deed adds the additional guarantee that the grantor will defend the title against any third-party claim. Some states choose to use grant deeds while others choose to use warranty deeds.
You can use an online template to create your grant deed or write your own from scratch. In either case, it’s a good idea to seek legal advice from a lawyer who can ensure that the document is valid. Every grant deed should include the following information:
A grant deed must be filed at the office of your county assessor.