How to Convey Property
To convey property means to transfer ownership rights to a piece of real estate from one party, the grantor, to another, the grantee. Depending on the situation, a number of different types of deeds may be utilized to complete the transaction. The deed is the document that must be recorded with the county to transfer ownership.
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Instructions
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Determine which type of deed is best for the transaction. The most basic deed is the quitclaim deed that offers no guarantees or warranties on the property to the grantee. This means that the grantee would be responsible for any tax liens or other title issues that may be present. Other deeds include warranty deeds or special warranty deeds that provide protections to the grantee in the case of certain title issues that may be present. A trusted attorney or title company will be able to provide assistance on which deed best suits your purpose.
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Complete the deed document. Deeds can be obtained for title companies, attorneys or even office supply stores. If you are filling out the form, make sure that all areas are completed on the document. Do not sign the deed at this time.
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Have the deed notarized. A notary can be found at banking institutions, post offices, title companies and law offices. The deed must be signed by both the grantor and grantee at the time of notarization.
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Record the deed with the county recorder's office in which the property is located. There will be a recording fee that must be paid at that time which varies from county to county.
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Tips & Warnings
If the conveyance of property is through a traditional sale, a purchase agreement must be executed and should also accompany a complete title search of the property.
