![]() ![]() Quitclaims are often used in divorce settlements and in transfers of property between family members. specific types of vacant land) as at the date of the contract for sale and. The grantor could be a legal owner or not, and makes no promises. type A conveyance of land is deemed suitable for self-determination under. Some of the most common types include: Conveyance of fee interest: This type of conveyance transfers complete ownership and control of the property to the grantee, including the right to possession, use, and disposition of the property. A quitclaim deedreleases a person's interest in an asset without stating the nature of their interest or rights. There are several different types of conveyances that can be used to transfer ownership of real property.A warranty deed offers the same guarantees as a grant deed plus a promise that the grantor will warrant and defend the title against any claims. It provides the greatest amount of protection to its holder. A warranty deed, sometimes called a special warranty deed, declares that the grantor has not caused any title defect while owning the property.Typical conveyances include oil, gas, and mineral. Grant deeds do not necessarily need to be recorded or notarized, but it is generally in the best interests of the grantee to ensure that this is done. A written contract between a grantor and grantee, used to transfer title or rights to real estate or property. ![]() That is, the deed is "free and clear" of defects. A grant deed contains two guarantees: that the asset has not been sold to someone else and that it is not burdened by any encumbrances that have not been disclosed, such as outstanding liens or mortgages.
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