A deed is an instrument by which an owner (the grantor) transfers an interest in land to a new owner (the grantee). No consideration is required to make the deed effective. The deed is necessary to transfer title to land even if it is a gift. It has no effect, and title does not pass until the deed has been delivered. The recording of the deed is not required to make the deed effective to pass title between the buyer and the seller. However, recording is necessary so that the public will know that the buyer is the present owner. Recording constitutes "notice to the world" of the transfer in title.
The grantor is the person selling the property. The grantee is the person buying the property. A grant deed is a deed containing an implied warranty that there are no encumbrances on the property not described in the deed and that the person transferring the property actually owns the title. It must describe the property by legal description of boundaries and/or parcel numbers, be signed by all people transferring the property, and be acknowledged before a notary public. It is in contrast to a quit claim deed, which only conveys the interest that the transferor actually owns, if any, without a warranty of ownership.
A grant deed is a legal document used in Missouri and other states to transfer real property. It is commonly used when someone wants to sell or transfer their property rights to another individual or entity. This type of deed guarantees that the seller owns the property and has the right to sell it. In the state of Missouri, a grant deed is commonly used for real estate transactions. It contains the names of the current owner (granter) and the new owner (grantee), a legal description of the property, and the signature of the granter. The granter also needs to acknowledge the deed in front of a notary public for it to be legally valid. The purpose of a grant deed is to provide the buyer (grantee) with certain assurances about the property they are purchasing. It confirms that the property is being transferred free and clear of any liens, encumbrances, or claims, except those that may be expressly stated in the deed. This gives the grantee peace of mind that the property they are acquiring is not burdened with any hidden financial obligations or legal issues. Several types of grant deeds can be used in Missouri, depending on the specific circumstances of the transaction. These include: 1. General Grant Deed: This is the most common type of grant deed used in Missouri. It transfers ownership and provides assurances that the granter has the legal right to sell the property. 2. Special Warranty Deed: This type of deed guarantees that the granter has not done anything to negatively affect the property's title during their ownership period. However, it does not provide assurances for any previous owners' actions. 3. Quitclaim Deed: While not a traditional grant deed, a quitclaim deed is also used in Missouri to transfer property ownership. However, unlike a grant deed, a quitclaim deed does not provide any warranties or assurances. It simply transfers whatever interest the granter may have in the property, without any guarantees. It is crucial for both the buyer and the seller to understand the type of deed being used and its implications. Consulting with a real estate attorney or a title company can ensure that the appropriate deed is used and that all legal requirements are met. In summary, a Missouri grant deed is a legal document that facilitates the transfer of real property from one party to another. It ensures that the grantee receives the property without any undisclosed claims or encumbrances. Different types of grant deeds, such as general grant deeds, special warranty deeds, and quitclaim deeds, serve various purposes in real estate transactions in Missouri.
