How to Draw Up a Property Deed
A transaction involving the transfer of property must be in writing in the form of a property deed. There are several types of deeds used to convey real property. They include warranty deed, quit claim deed, special warranty deed, bargain and sale deed and grant deed (See References). Each deed type is used for unique situations in which property is transferred from a grantor to a grantee. The substance of each type of deed is the same, but adding phrases and warranty information constitutes the specific type of deed.
Instructions
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Obtain the information, such as the address, location, legal description and any other information that is used to identify the property, which will be contained in the property description. For real estate property, the local courthouse will provide a copy of the legal description.
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Start the property deed by including the phrase "This Property Deed is executed on this day" and follow up with the date of the transaction. In this paragraph, include the phrase "by Grantor" which is the person selling the property and "to Grantee" which the person buying the property. Type each persons name after the correlating phrase.
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Include the considerations offered for the property in the following paragraph. This represents how much the grantee pays the grantor for the property listed on the deed. One example used for considerations is "ten-dollars and additional considerations".
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Put the property location, such as city and state, along with the description on the property deed. This is a requirement for a property deed and should be completed properly. For real estate transactions, use the properties legal description, the lot and block numbers along with other information included on the copy of the original legal description.
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Place a signature line for each party, Grantor and Grantee. Include a date line after the signature line for each party to complete.
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Include the notary acknowledgement block section. This is where the notary will sign and stamp the property deed which makes it a legal document. It should have a place for the notary's name, the date the notary signs the transaction and a date of expiration for the notary's stamp. Complete the property deed by including the notary stamp.
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Tips & Warnings
Use the full, legal names of the individuals involved.
Contact an attorney if you have any concerns with legal documents, such a property deeds.
References
Resources
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