This form is a Deed of Correction where the Grantor is an Individual and the Grantee is an Individual. Grantor conveys and warrants the described property to the Grantee. This Deed is used to correct a mutual mistake. This deed complies with all state statutory laws.
A correction deed, also known as a corrective deed or deed of correction, is a legal document used to rectify errors or omissions made in a previously recorded deed. It is commonly used in real estate transactions to revise inaccurate information in a property deed. A correction deed is essential for maintaining accurate and up-to-date property records, ensuring a smooth transfer of ownership. The parameters involved in a correction deed may vary depending on the specific errors or omissions being addressed. Some common parameters that may be included in a correction deed are: 1. Corrected Information: The correction deed should clearly state the incorrect information that needs to be revised, such as a misspelled name, incorrect property description, or inaccurate legal description. It should provide the correct information that replaces the erroneous details. 2. Original Deed Details: The correction deed should reference the original deed by including essential details like the recording date, book and page number where it was recorded, and names of the granter(s) and grantee(s). This ensures a clear connection between the original deed and the correction deed. 3. Reason for Correction: It is crucial to state the reason behind the need for the correction deed. This explanation helps establish the necessity of making the changes and ensures transparency in the transaction. 4. Signature and Notarization: A correction deed needs to be signed by both the granter(s) and grantee(s), indicating their consent to the changes made. Notarization is also required to validate the document's authenticity. 5. Witness: In some jurisdictions, a correction deed may require witnesses in addition to the notarization. The witnesses act as further proof that the parties involved have acknowledged and agreed to the corrections. 6. Recording and Filing: Once the correction deed is executed and notarized, it must be recorded with the appropriate local government office responsible for maintaining property records. The recording ensures that the updated information is publicly available and legally recognized. Types of Correction Deeds: 1. Name Correction Deed: This type of correction deed is used when there is an error in the spelling or name of the granter(s) or grantee(s) listed in the original deed. 2. Property Description Correction Deed: If there are inaccuracies in the physical address, boundary lines, or other property details mentioned in the original deed, a correction deed with updated and accurate information is used. 3. Legal Description Correction Deed: A legal description correction deed is necessary when there are errors or discrepancies in the legal description of the property, such as incorrect lot numbers, metes and bounds, or survey information. 4. Execution Error Correction Deed: In cases where there were mistakes made during the execution of the original deed, such as incorrect dates, missing signatures, or improper notarization, an execution error correction deed is utilized. By using a correction deed, parties involved in a real estate transaction can rectify errors and ensure accurate property records. It is important to consult with legal professionals and follow the specific requirements of the jurisdiction when preparing and executing a correction deed.
