A grant deed is a legal document used in real estate transactions to transfer ownership or interest in a property from one party (the grantor) to another party (the grantee). The grantor, who is usually the current owner of the property, conveys or “grants” the property to the grantee. The grant deed is a key document in the process of transferring real estate ownership and is typically recorded in the public records to provide notice of the change in ownership.

Here are key elements and features of a grant deed:

1. **Identification of Parties:**
– **Grantor:** The individual or entity transferring the property. The grantor is the current owner of the property.
– **Grantee:** The individual or entity receiving the property. The grantee is the new owner or the party acquiring an interest in the property.

2. **Recital of Consideration:**
– The grant deed may include a statement indicating the consideration exchanged for the transfer of the property. While consideration is not always required, some jurisdictions include this recital.

3. **Legal Description of the Property:**
– A detailed and accurate legal description of the property being transferred is a critical component of the grant deed. This description typically includes information about the property’s boundaries, location, and any other relevant details.

4. **Covenants:**
– Grant deeds often include covenants, which are promises or assurances made by the grantor regarding the status of the title. Common covenants in a grant deed include the grantor’s assertion that they have the right to transfer the property and that the property is free from undisclosed encumbrances.

5. **Signature of Grantor:**
– The grantor must sign the grant deed. In some jurisdictions, the grantor’s signature may need to be notarized for the deed to be valid.

6. **Delivery and Acceptance:**
– For a grant deed to be legally effective, it must be delivered by the grantor and accepted by the grantee. Delivery is a symbolic act, and acceptance is usually implied by the grantee’s willingness to receive the deed.

7. **Recording:**
– Once executed, the grant deed is typically recorded in the public land records of the county where the property is located. Recording the deed provides public notice of the change in ownership and helps establish the priority of interests in the property.

It’s important to note that the specific requirements and elements of a grant deed can vary by jurisdiction. Additionally, different types of deeds, such as warranty deeds or quitclaim deeds, may be used in real estate transactions depending on the circumstances and the level of assurances provided by the grantor. Parties involved in real estate transactions should seek legal advice to ensure that the appropriate deed is used and that the transfer is legally sound.