Using a Grant Deed to Transfer Property Rights

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.

Laws on this topic may vary from state to state. This content is not meant to provide you with complete information and it is not intended to be legal or tax advice. It is recommended that you consult with your own attorney, accountant or other advisor regarding your specific situation.