Deeds

Deeds

about service

A deed is a legal document that is signed and delivered to allow its holder own a piece of real estate, vehicles etc. The aim of a deed is to convey the legal ownership of a property or asset, from one person or company to another.There are many types of deeds for example the correcting deed, the grant deed and the quitclaim deed etc. Each of them has a different purpose.

THE CORRECTING DEED

The correcting deed is a document that lets a person to correct typographical mistakes in a deed that were not discovered until the deed registered. There are two types of correcting deeds:
Correcting Quitclaim Deed
Correcting Grant Deed

THE GRANT DEED
The Grant Deed is a document that lets a person to transfer his real estate to another person. With the Grant Deed form, the following contracts are assumed:

• That previous to the time of the execution of the grant deed, the grantor has not conveyed the real estate to any person other than the grantee.

• That the real estate is at the time of the execution of the grant deed free from encumbrances done, made, or suffered by the grantor, or any person claiming under the grantor.

THE QUITCLAIM DEED
The Quitclaim Deed is a document that lets a person to transfer rights the person has in a piece of real estate to another person. If a person owns real estate, a Quitclaim Deed transfers any interest the Grantor may have in the real estate to the Grantee. In other cases the Quitclaim Deed transfers nothing.

INTERSPOUSAL TRANSFER DEED
The Interspousal Transfer Deed is a document that lets interests in real estate to be transferred between spouses. The Interspousal Transfer Deed form lets you to specify the right exclusion so that the transfer does not trigger a reappraisal of the real estate for property tax purposes. The Interspousal Transfer Deed form include the following transfers:
• To a spouse's trust.

• To a trust for a surviving spouse of a deceased spouse.

• From a trust to the spouse of the settlor of the trust.

• From joint tenancy to community property

• From joint tenancy to tenancy in common

• From one spouse to both spouses

• From one spouse to the other spouse

• From both spouses to one spouse

• To relinquish any community interest and to vest said property in the name of the grantee as his/her sole and separate property.