Grant Deed

A legal document used to transfer ownership of real property. A grant deed contains the name of the person or entity transferring the property (the grantor); the legal description of the property being transferred (i.e., lot number, tract number, city, county and state); and the name of the person or entity that the property is being transferred to (the grantee). The grant deed shows that the title has not already been granted to another person.

There are numerous types of grant deeds that can be used, depending on who is transferring property to whom. For example, an interspousal transfer grant deed is used to transfer ownership of real property from one spouse to another (often during a divorce). This type of transfer does not cause the property's value to be reassessed for property tax purposes. However a grant deed is the most common type of deed. The actual signing of a grant deed is usually witnessed by a notary. The grantee usually must pay a small fee when the deed is recorded with the county government.


Investment dictionary. . 2012.

Look at other dictionaries:

  • grant deed — A deed to real estate containing an implied promise that the person transferring the property actually has good title and that the property is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed …   Law dictionary

  • Grant deed — A grant deed is used in some states and jurisdictions for the sale or other transfer of real property from one person or entity to another person or entity. Each party transferring an interest in the property, or grantor , is required to sign it …   Wikipedia

  • grant — 1 vt 1: to permit as a right or privilege grant a new trial the Supreme Court grant ed certiorari 2: to bestow or transfer formally; specif: to transfer the possession or title of by a deed: convey …   Law dictionary

  • Deed — For the British cargo ship, see SS Deed. Property law …   Wikipedia

  • deed — 1 n 1: something done: act (1) my free act and deed 2: a written instrument by which a person transfers ownership of real property to another see also deliver …   Law dictionary

  • Grant — Grant, n. [OE. grant, graunt, OF. graant, creant, promise, assurance. See {Grant}, v. t.] 1. The act of granting; a bestowing or conferring; concession; allowance; permission. [1913 Webster] 2. The yielding or admission of something in dispute.… …   The Collaborative International Dictionary of English

  • deed of grant — an express grant of an easement or profit, being an incorporeal hereditament, would always be by deed. Collins dictionary of law. W. J. Stewart. 2001 …   Law dictionary

  • grant — [grant, gränt] vt. [ME granten < OFr graanter, craanter, to promise, assure < VL * credentare, to promise, yield < L credens, prp. of credere, to believe: see CREED] 1. to give (what is requested, as permission, etc.); assent to; agree… …   English World dictionary

  • grant — To bestow; to confer upon some one other than the person or entity which makes the grant. Porto Rico Ry., Light & Power Co. v. Colom, C.C.A.Puerto Rico, 106 F.2d 345, 354. To bestow or confer, with or without compensation, a gift or bestowal by… …   Black's law dictionary

  • Deed of Grant in Trust — A Deed of Grant in Trust (or DOGIT) is the name for a system of community level land trust established in Queensland to administer former reserves and missions. They came about through the enactment by the Queensland Government of the Community… …   Wikipedia

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