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.
Wyoming Grant Deed — Detailed Description and Types In Wyoming, a Grant Deed is a legal document used to transfer ownership of real property from one individual or entity (known as the granter) to another (known as the grantee). This type of deed guarantees that the granter possesses a valid title to the property and has the right to convey it to the grantee. A Wyoming Grant Deed contains specific elements to ensure its legality and effectiveness. It includes the legal names and addresses of the granter and grantee, a full legal description of the property being transferred, and any necessary exceptions or reservations that may limit the deed's scope. Additionally, the document requires the granter's signature and acknowledgement before a notary public. Different Types of Wyoming Grant Deeds: 1. General Warranty Deed: This is the most common type of Grant Deed used in Wyoming. It provides the highest level of protection to the grantee by guaranteeing that the granter holds clear title and will defend against any potential claims. 2. Special Warranty Deed: This type of Grant Deed is similar to a General Warranty Deed but limits the granter's warranties to only the claims that may have occurred during their ownership of the property. It does not cover any previous claims, unlike the General Warranty Deed. 3. Quitclaim Deed: A Quitclaim Deed is another type of Grant Deed used in Wyoming. Unlike the previous two, it offers the least amount of protection to the grantee. It transfers whatever interest the granter has in the property, without any warranties or guarantees of clear title. When drafting a Wyoming Grant Deed, it is crucial to provide an accurate legal description of the property. This description usually includes details like the boundaries, lot number, subdivision name, and county in which the property is located. It is advisable to consult a licensed surveyor or attorney to ensure the accuracy of the legal description to avoid any future disputes or complications. Once the Grant Deed is executed and properly recorded with the county clerk's office in the county where the property is located, it becomes a permanent part of the public record. This recording establishes a timeline for ownership rights, protects the grantee's interests, and provides notice to future buyers or lenders regarding the property's transfer. In summary, a Wyoming Grant Deed is a legal document used to transfer ownership of real property in Wyoming. It ensures that the granter possesses a valid title and has the authority to convey the property. The different types of Wyoming Grant Deeds include General Warranty Deeds, Special Warranty Deeds, and Quitclaim Deeds, each offering varying levels of protection and warranties. Accuracy in the legal description and proper recording are essential steps in the process.
