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 Mississippi Grant Deed is a legal document used to transfer ownership of real property from one party (the granter) to another (the grantee). It provides a warranty of title, ensuring that the granter has the legal right to convey the property and that there are no undisclosed liens or encumbrances. The document is commonly used in real estate transactions in Mississippi to establish a clear chain of ownership. The Mississippi Grant Deed typically includes relevant information such as the names and addresses of both the granter and grantee, a legal description of the property being conveyed, details of any encumbrances or restrictions, and the signature of the granter. It must also be properly notarized and recorded with the county clerk or registrar's office to ensure its validity and to provide public notice of the transfer. There are a few different types of Mississippi Grant Deeds that can be used based on specific circumstances or preferences: 1. General Warranty Deed: This is the most common type of Grant Deed, providing the broadest warranty of title. It guarantees that the granter has a good and marketable title and will defend the property against any claims from prior owners. 2. Special Warranty Deed: This Grant Deed offers a limited warranty, usually covering only claims that arose during the granter's ownership of the property. It does not warranty against any defects that may have existed before the granter's ownership. 3. Quitclaim Deed: While not technically a Grant Deed, it is worth mentioning as an alternative. A Quitclaim Deed is often used when transferring property between family members, in divorce situations, or to clear up title issues. Unlike a Grant Deed, it does not include any warranties and only transfers the granter's interest, if any, in the property. It is important to consult with a qualified attorney or real estate professional when dealing with property transfers and selecting the appropriate type of Mississippi Grant Deed. They can ensure all legal requirements are met and guide you through the process to protect your interests and establish a valid transfer of property ownership.
