A grant deed is a lawfully attested document that involves details of a transfer of property from one person to the other. This consists of information of the property, the amount at the rate that is being sold, date of the documentation and the signatures of both the parties as an approval of the same. Mostly these documents are notarized by law or an administrator who places a seal on the document as a sign of evidence that the document and the transaction are genuine and has been acknowledged. At times the government officials also keep a copy of the agreement once the deal is agreed upon and signed. In actual terms it comprises of a few documents put together to create one important document for the transfer of property or Broomfield Colorado Real Estate.
The Grant deed involves the grantor who is the seller of the property, the grantee who is the buyer of the property and a notary who is a legally empowered person who witnesses signatures and validates documents for the public. A hand written document and a transfer clause that indicates the grant is also required. The most important details of a grant deed document are the grant and the declarations. The grant involves details of the description of the property that is being transferred and the level of execution, delivery and the acceptance involved in carrying out the deal by both the parties, with the proof of their signatures. The declaration is another important part of the grant deed which is a lawful declaration of the grantor and the grantee that the property is not sold to anyone else and the documentation in the deed is true. It also adds the details of the property, pledging that it is not laden with any kind of obstructions apart from the ones that have been acknowledged in the deed. This declaration then concludes with the promise that the grantor then has a legal right over the property and that this can be sold to anyone in future.
The importance of a grant deed is that it contains information that is true on grounds of the encumbrances mentioned by the seller of the property. The grant deed has to have all the encumbrances mentioned clearly in the document and anything apart from that is a threat of an illegal document. The general encumbrances are mortgages, loans, voluntary and involuntary liens and any other restrictions that pertain to non ownership of the property. All these may sound risky or a task that involves a lot of time and energy, but in these days of corruption at all levels it has become important for us to be aware of the consequences that we may face later if we do not follow rules!
Understanding grant deeds, both in the perspective of grantor and grantee is important during your real estate transaction. Grand deed information mentioned above hopefully will also be useful to those in Brighton CO and residents in Castle Rock Colorado.