Property deed
A property deed is a vital legal document confirming real property ownership and details the transfer from one party to another. Essential in any real estate transaction, understanding the intricacies of various property deeds can help ensure legal ownership and prevent future disputes.
What is a property deed?
A property deed is a legal document that transfers ownership of real estate from one person (the grantor) to another (the grantee). It outlines specific details about the property, including a comprehensive description of the property boundaries. When a property is sold, the deed is the legal instrument that conveys the property from seller to buyer.
Types of property deeds
Property deeds vary based on the level of protection they offer to the buyer.
- General warranty deed: Provides the highest level of protection, assuring the buyer of a clear title defended against all claims.
- Special warranty deed: Assures the buyer that the grantor owns the property and that there have been no title issues during their ownership.
- Quitclaim deed: Offers no warranties and transfers only the ownership rights that the grantor has, making it common in transfers between family members or to clear title defects.
FAQs on property deeds
What is proof of ownership of a property called?
Proof of ownership is typically evidenced by a property deed, which is recognized legally as confirming ownership after a real estate transaction.
How do I get a property deed in states like New York, Illinois, or California?
To obtain a property deed in any state—such as New York, Illinois, or California—you need to:
- Visit the county recorder's office. The deed will be filed with the local county recorder where the property is located.
- Request a copy of the deed. This can usually be done in person, online, or by mail, depending on the county's facilities.
- Pay any applicable fees. Obtaining an official copy of your property deed often requires a nominal fee.
How can LegalZoom assist with property deeds and estate planning?
While navigating property ownership and understanding property deeds are crucial, setting up a comprehensive estate plan is equally essential. LegalZoom offers a range of estate planning products, from basic to premium packages, which include essential components like a last will and testament, healthcare directives, and financial power of attorney. LegalZoom also offers property deeds, including deeds that transfer property to your trust. These services make establishing a legally sound estate plan that aligns with your property and financial goals straightforward.
By ensuring your property deeds are in order, and your estate planning is complete, you can secure your real estate investments and provide for future generations. LegalZoom's services streamline this process, providing peace of mind that your legal and financial affairs are properly arranged.