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- In Texas, a grant deed is an instrument with which a property owner can transfer real estate with implied covenants of title. (An implied covenant is an agreement not specifically stated but assumed to be true by both parties involved.)
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Jul 28, 2020 · In Texas, a grant deed is an instrument with which a property owner can transfer real estate with implied covenants of title. (An implied covenant is an agreement not specifically stated but assumed to be true by both parties involved.)
Sep 24, 2024 · A grant deed is used to transfer ownership between a buyer and seller. Quitclaim deeds are mostly used in transfers between family members, into or out of the grantor's trust or business, or to correct an error in a warranty deed.
Feb 15, 2023 · A grant deed, also known as a special or limited warranty deed, is a legal document used to transfer real estate between a previous owner (the grantor) and a new owner (the grantee). A grant deed...
- Jean Folger
Using a Grant Deed in Texas. A deed is a legal document that transfers real property from one party to another. In Texas, property owners can use a grant deed to transfer real estate with implied covenants of title.
- General Warranty Deed. The simplest explanation of a general warranty deed is that it offers the most legal protection for the grantee when transferring ownership.
- Special Warranty Deed. While a general warranty deed protects the buyer against all possible title defects, a special warranty deed offers a bit less protection for the grantee.
- Quitclaim Deed. The type of deed with the least protection for the grantee is undoubtedly the quitclaim deed. Quitclaim deeds make no guarantees at all regarding existing ownership claims or title defects, and simply allow the grantor’s interest in the property—whatever that may be—to the grantee.
- Transfer on Death Deed. Transfer on death assets or properties—including transfer on death deeds—are often used during the estate planning process, and have the same goal in mind: To transfer property or assets to the heir when the grantor dies and avoid having to go through probate.
May 11, 2023 · Deeds typically refer to two parties—the grantor and grantee. The grantor is the current owner who is transferring the property to someone else. In other words, the grantor is the seller or giver of the property. The grantee is the person who receives the property.
Even though deeds may legitimately vary in form in Texas, the use of the traditional phrase “grant, sell, and convey” will always include the two statutory covenants contained in Section 5.023 plus the implied common-law covenants—unless these are excluded by express language in the deed.
