Tag Break Deed For Free

The first paragraph of a real estate deed identifies the date and the parties involved. There are two sets of parties to a deed, the Grantor and Grantee: The Grantor ? or the ?party of the first part? ? is the giver of the property. The Grantee ? or the ?party of the second part? is the receiver of the property.

A deed transfers the title of an asset to a new owner, and it is usually recorded in the local county clerk's office. Recording is a way to protect title and ownership because it puts the public on constructive notice as to the buyer's ownership. In real estate transactions, a deed is usually delivered at closing.

A deed may be divided into three component parts: the premises; the habendum; and, the testimonium. The premises include the date, parties, consideration, granting clause, description, recital, and appurtenances.

Essential Elements of a Valid Deed Competent parties: grantor and grantee. Words of grant or operative words of conveyance. Sufficient description of the property to be conveyed. Proper execution.

A deed must meet the following requirements to be valid: (1) be in writing; (2) name the parties; (3) give the legal description of the property; (4) specify the legal rights being conveyed; (5) include a consideration; and (6) be signed by a competent grantor and witnessed by two persons.

A deed is a written document which is executed with the necessary formality (that is, more than a simple signature), and by which an interest, right or property passes or is confirmed, or an obligation binding on some person is created or confirmed.

The first paragraph of a real estate deed identifies the date and the parties involved. There are two sets of parties to a deed, the Grantor and Grantee: The Grantor ? or the ?party of the first part? ? is the giver of the property. The Grantee ? or the ?party of the second part? is the receiver of the property.