Grant Deeds are generally used in residential real estate sales, to transfer property rights from one party to another at an agreed-upon price. Typically the buyer and seller are unfamiliar with each other, so the Grant Deed protects both parties by guaranteeing that:
  • The seller owns the property
  • The seller is legally able to sell the property
  • The seller has not already sold it
  • The property is free of debt

However, a Grant Deed does not provide a guarantee to the buyer against any possible problems with the property. If you need to warranty against problems with a property, a Warranty Deed or Special Warranty Deed might be right for you.

You can create your Grant Deed, Warranty Deed or Special Warranty Deed in minutes with RocketLawyer.com.