What is a deed?
A deed is a legal document that is used to transfer real estate (land) or an interest in real estate from one person or entity to another. In California, a deed is typically used to transfer ownership of a property. The person or entity that is transferring the title to the property is called the grantor and the person or entity receiving the title to the property is called the grantee. A deed should include the following information: the names of the grantor and grantee, a description of the real estate that is being transferred, the consideration (payment) given for the property, the signature of the grantor, and any other relevant information related to the transfer. The deed must also be notarized by a notary public for it to be legally binding. Once the deed to the property is recorded, the grantee is the legal owner of the property and all rights associated with owning the property. The deed should always be kept in a safe place and should only be given to a person or entity when transferring the title to the property. The deed is essential to proving ownership rights over the property and should be considered when buying or selling real estate.
Related FAQs
What is an estoppel?What is adverse possession?
What is eminent domain?
What is a covenant?
What is an implied covenant?
What is a pre-existing non-conforming use?
What is an equitable servitude?
What is the difference between a lease and a license?
What is a deed of surrender?
What is the Marketable Title Act?
Related Blog Posts
What You Need to Know About Property Law - July 31, 2023Property Law: What to Look Out For When Purchasing Real Estate - August 7, 2023
Understanding the Basics: A Guide to Property Law - August 14, 2023
Common Types of Property Law Cases - August 21, 2023
The Impact of Property Law on Real Estate Transactions - August 28, 2023