Legal-Explanations.com - Legal resources in plain English
Legal-Explanations.com Home > Legal Definitions
 

Deed

1) n. The document that transfers ownership / title, or transfers and interest in real property to another person. The deed is required to identify the grantor (the person transferring the property) and the grantee (the party receiving the property, describe the property, and be signed by the grantor before a notary public to acknowledge that he/she/it executed the deed. The deed must be recorded in the office of the County Recorder or Recorder of Deeds in order to complete the transfer. Two types of deeds include: a quitclaim deed that only transfers the interest in the real property which the grantor actually has, and a warranty deed that guarantees that the grantor owns title. Quitclaims are used to clear title or when there is little question about existing ownership amongst family members or from one joint owner to the other. Deeds of trust are forms of mortgage. 2) v. To transfer title by written deed.

 
Legal-Explanations.com Home
About us | Contact us | Privacy | Terms of service

2004 - 2007 Legal-Explanations.com. All rights reserved