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LSDefine

Simple English definitions for legal terms

grant deed

Read a random definition: Quia Emptores

A quick definition of grant deed:

A grant deed is a legal document that transfers ownership of a property from one person to another. The person who is selling the property promises that they have not done anything to create problems with the property's ownership while they owned it. They might also pay for insurance to protect the buyer from any problems that might come up later. However, if there were any problems with the property before the seller owned it, the buyer might have to deal with those problems themselves.

A more thorough explanation:

A grant deed is a legal document used to transfer ownership of real property from one person or entity to another. It provides limited protection to the person receiving the property, known as the grantee.

The grantor, or person transferring the property, promises that they have not encumbered the property in any way during their ownership. This means that there are no liens, claims, or other issues that could affect the grantee's ownership of the property.

However, grant deeds do not provide a guarantee that there were no encumbrances on the property prior to the grantor's ownership. This means that if someone comes forward with a claim on the property that existed before the grantor owned it, the grantee may be responsible for resolving the issue.

For example, if John sells his house to Jane using a grant deed, he promises that there are no liens or other issues with the property during his ownership. However, if it turns out that John failed to pay property taxes before he owned the house, Jane may be responsible for paying those taxes.

Another example is if a company sells a piece of land to another company using a grant deed. The grantor promises that there are no liens or other issues with the property during their ownership. However, if it turns out that the land was previously used as a hazardous waste dump, the grantee may be responsible for cleaning up the site.

grant | grantee

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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