DEED OF CONVEYANCE Meaning and
Definition
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A deed of conveyance, often referred to simply as a conveyance deed, is a legal document that transfers the ownership or title of real property from one party, known as the grantor, to another party, known as the grantee. It is an essential instrument used in real estate transactions to evidence the transfer of property rights and establish a clear chain of ownership.
A deed of conveyance typically includes important details such as the names and addresses of both the grantor and the grantee, a thorough description of the property being transferred, and any conditions or restrictions imposed on the property. The document also outlines the rights and obligations of both parties, ensuring that the transfer is both legal and binding.
Additionally, a conveyance deed usually requires the grantor's signature to be notarized, indicating their intent to transfer the property willingly and without coercion. This notarization helps to safeguard against any potential future disputes or claims regarding the authenticity of the transfer.
Deeds of conveyance are commonly used in various real estate transactions, including the sale, gift, or exchange of property. They serve as the legal instrument which formally conveys the property rights from the grantor to the grantee, providing both parties with certainty and protection in their ownership of the property.
Common Misspellings for DEED OF CONVEYANCE
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