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 South Carolina Grant Deed is a legal document used to transfer ownership of real property from one party to another in the state of South Carolina. It is a commonly used instrument in real estate transactions that guarantees the granter's ownership and offers protection to the grantee. In a South Carolina Grant Deed, the granter, who can be an individual or an entity such as a corporation, conveys their interest and grants the property to the grantee. The granter assures that they have the legal right to transfer the property, and the deed provides warranties of ownership and protection against any future claims on the property. The South Carolina Grant Deed contains specific information about the property being transferred, including its legal description, physical address, and any restrictions or encumbrances that may be associated with the property. This comprehensive description ensures that the grantee receives a clear understanding of the property's boundaries and potential limitations. There are different types of South Carolina Grant Deed that may be used in specific situations or for particular purposes. Some common types include: 1. General Warranty Deed: This type of deed offers the highest level of protection for the grantee. It guarantees that the granter has clear ownership and title to the property and will defend the grantee against any claims arising from previous owners. 2. Special Warranty Deed: This deed assures the grantee that the granter has not done anything during their ownership to impact the title negatively. It provides protection only against claims that may arise from the granter's ownership period. 3. Quitclaim Deed: Unlike the general and special warranty deeds, a quitclaim deed does not provide any warranties or guarantees of ownership. It simply transfers whatever interest the granter may have in the property, if any. This type of deed is typically used in situations where the granter is uncertain about their ownership rights or when transferring property between family members or spouses. It is important to consult with a real estate attorney or a qualified professional to understand the specific implications and requirements associated with each type of South Carolina Grant Deed. Additionally, it is crucial to conduct a thorough title search and obtain title insurance to ensure the property's clear ownership and protect all parties involved in the transaction.
