Colorado Granting Clause
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How to fill out Granting Clause?
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FAQ
A grant deed, also known in many states as a limited warranty deed or a special warranty deed, gives the grantee some, but not all, of the assurances of a general warranty deed.
In short, the distinction between the two forms of ?warranty? deeds is that in a general warranty deed, the seller warrants against anything any owner of the property ever did to encumber title and in a special warranty deed the seller only warrants against anything the seller did to encumber title.
Gift Deed ? A gift deed is a special type of grant deed that ?gifts? ownership of real property interest to another person or entity. This deed is different from a standard grant deed because it specifically designates that the transfer was not subject to a sale, and the grantor received no monetary compensation.
The main difference between a grant deed vs. warranty deed is the level of protection offered. A warranty deed offers a higher level of protection than a grant deed. With a grant deed, the grantor is guaranteeing that they haven't sold the property to anyone else, and that it is clear of any liens or restrictions.
A deed is evidence of a specific event of transferring the title of the property from one person to another. A title is the legal right to use and modify the property how you see fit, or transfer interest or any portion that you own to others via a deed.
A grant deed makes two guarantees: that the property has not been sold to someone else and no liens or encumbrances exist against the property. In Colorado, a general or special warranty deed is used instead of a grant deed, because they offer more protection to the grantor.
5 Common Types of Deeds 1) Warranty Deed. A warranty deed gives the grantee the most protections under the law, because it guarantees the warranty of title and against encumbrances. 2) Special Warranty Deeds. ... 3) Bargain and Sale Deeds. ... 4) Quitclaim Deeds. ... 5) Beneficiary Deeds.
Transfer property in Colorado quickly and easily using this simple legal form. You can use a quitclaim deed to: transfer property to or from a revocable living trust. transfer property to one spouse as part of a divorce.