Three Types of Property Deeds

​Deeds are legal documents that convey property ownership from one individual to another. Every type of deed fulfills distinct legal roles based on the property's documented and undocumented past, whether there is a lien, or if the property has any other burdens such as a mortgage.

A grant deed is a type of property deed. It serves as documented evidence that the property ownership is without any encumbrances. This implies no hindrances or legal restrictions on the property, allowing the new owner complete legal authority to sell or transfer it.

A warranty deed is another type of property deed. To convey the value of a property, a person has to show that the title to it is free from any charge or other problem and that they have the right to give it to another person. This policy confirms that there are no fees, obligations, or loans that might have been imposed on such an asset.

Quitclaim deeds are usually used when real estate is transferred without monetary exchange as a simple way to transfer property. In this arrangement, the person transferring the property does not give any guarantees.

Derek Copeland

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