Deed

A Deed:

 

•A deed is a written instrument

•It intentionally conveys rights, title, or interest in real estate

•The owner is the grantor

•The person who acquires title is the grantee

 

A legally valid deed has the following characteristics:

 

•It must be in writing

•It must contain a description of the parties (full name and sometimes martial status)

•The grantor must be legally capable

•The property must be adequately described

•There must be a granting clause

•The deed must be signed by the grantor(s)

•The deed must be delivered and accepted

 

Those who have had courses in business law will recognize that the requirements of a legally valid deed are similar to the requirements of a legally valid contract.  A deed is, in fact, a contract.

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