{"id":3585,"date":"2023-04-11T12:20:52","date_gmt":"2023-04-11T12:20:52","guid":{"rendered":"https:\/\/peaktitlepro.com\/?page_id=3585"},"modified":"2023-10-13T10:12:29","modified_gmt":"2023-10-13T10:12:29","slug":"other-types-of-deeds","status":"publish","type":"page","link":"https:\/\/peaktitlepro.com\/other-types-of-deeds\/","title":{"rendered":"Other types of  Deeds"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"3585\" class=\"elementor elementor-3585\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-768d7be1 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"768d7be1\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;shape_divider_bottom&quot;:&quot;mountains&quot;}\">\n\t\t\t\t\t<div class=\"elementor-shape elementor-shape-bottom\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n\t<path class=\"elementor-shape-fill\" opacity=\"0.33\" d=\"M473,67.3c-203.9,88.3-263.1-34-320.3,0C66,119.1,0,59.7,0,59.7V0h1000v59.7 c0,0-62.1,26.1-94.9,29.3c-32.8,3.3-62.8-12.3-75.8-22.1C806,49.6,745.3,8.7,694.9,4.7S492.4,59,473,67.3z\"\/>\n\t<path class=\"elementor-shape-fill\" opacity=\"0.66\" d=\"M734,67.3c-45.5,0-77.2-23.2-129.1-39.1c-28.6-8.7-150.3-10.1-254,39.1 s-91.7-34.4-149.2,0C115.7,118.3,0,39.8,0,39.8V0h1000v36.5c0,0-28.2-18.5-92.1-18.5C810.2,18.1,775.7,67.3,734,67.3z\"\/>\n\t<path class=\"elementor-shape-fill\" d=\"M766.1,28.9c-200-57.5-266,65.5-395.1,19.5C242,1.8,242,5.4,184.8,20.6C128,35.8,132.3,44.9,89.9,52.5C28.6,63.7,0,0,0,0 h1000c0,0-9.9,40.9-83.6,48.1S829.6,47,766.1,28.9z\"\/>\n<\/svg>\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ab89dfb\" data-id=\"ab89dfb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2d05fdc0 elementor-widget elementor-widget-heading\" data-id=\"2d05fdc0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">DEEDS AND TITLE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-29911175 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"29911175\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4c95ac70\" data-id=\"4c95ac70\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9ed8cbc elementor-widget elementor-widget-text-editor\" data-id=\"9ed8cbc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In this article, we\u2019re going to dig into a few alternative types of deeds used for specific purposes, as well as highlight what states offer these deeds. While the majority of transactions will use the more common deed forms, these may come up in your transaction and it is important to know what they are and how they work.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a3460bd elementor-widget elementor-widget-heading\" data-id=\"4a3460bd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Gift Deed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d537655 elementor-widget elementor-widget-text-editor\" data-id=\"3d537655\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A gift deed is exactly what it sounds like: a deed used when one party gives real property to another. The major difference between gift deeds and others is that there is no exchange of consideration. The grantee (or donee) gives nothing in exchange for the property, but legally it is still considered a conveyance.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-697a3f71 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"697a3f71\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6d5f3698\" data-id=\"6d5f3698\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7641a1cf subscription-form elementor-widget elementor-widget-toggle\" data-id=\"7641a1cf\" data-element_type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1981\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1981\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-angle-double-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-angle-double-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Subscribe to The Peak University Newsletter!<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1981\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1981\"><div class=\"tnp tnp-subscription \">\n<form method=\"post\" action=\"https:\/\/peaktitlepro.com\/wp-admin\/admin-ajax.php?action=tnp&amp;na=s\">\n<input type=\"hidden\" name=\"nlang\" value=\"\">\n<div class=\"tnp-field tnp-field-firstname\"><label for=\"tnp-1\">First Name<\/label>\n<input class=\"tnp-name\" type=\"text\" name=\"nn\" id=\"tnp-1\" value=\"\" placeholder=\"\" required><\/div>\n<div class=\"tnp-field tnp-field-surname\"><label for=\"tnp-2\">Last Name<\/label>\n<input class=\"tnp-surname\" type=\"text\" name=\"ns\" id=\"tnp-2\" value=\"\" placeholder=\"\"><\/div><div class=\"tnp-field tnp-field-email\"><label for=\"tnp-3\">Email<\/label>\n<input class=\"tnp-email\" type=\"email\" name=\"ne\" id=\"tnp-3\" value=\"\" placeholder=\"\" required><\/div>\n<div class=\"tnp-field tnp-field-profile\"><label for=\"tnp-4\">Company <\/label>\n<input class=\"tnp-profile tnp-profile-1\" id=\"tnp-profile_1\" type=\"text\" size=\"\" name=\"np1\" placeholder=\"\"><\/div>\n<div class=\"tnp-field tnp-privacy-field\"><label><input type=\"checkbox\" name=\"ny\" required class=\"tnp-privacy\"> By continuing, you accept the privacy policy<\/label><\/div><div class=\"tnp-field tnp-field-button\" style=\"text-align: left\"><input class=\"tnp-submit\" type=\"submit\" value=\"Subscribe\" style=\"\">\n<\/div>\n<\/form>\n<\/div>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-47cb9480 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"47cb9480\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7ef69f2b\" data-id=\"7ef69f2b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-62f8f8f2 elementor-widget elementor-widget-heading\" data-id=\"62f8f8f2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Grant Deed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1bb98ed elementor-widget elementor-widget-text-editor\" data-id=\"1bb98ed\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A grant deed is a particular type of deed, also known as a bargain or sale deed.\u00a0 It is the most basic deed form other than a quitclaim deed, containing only the basic information necessary to convey the title. You can learn more about basic deed elements here.\u00a0<\/p><p>Unlike a warranty deed, a grant deed does not explicitly provide protection against encumbrances, such as easements, or claims on the title by third parties. Instead, the grant deed implies that the grantor owns the property.\u00a0 Additionally, grant deeds also imply that the property is not encumbered in any way that has not been disclosed to the grantee by the grantor before conveying the title.<\/p><p>These implications are the major difference between grant deeds and quitclaim deeds.\u00a0 The grantor is implying ownership of title, whereas quitclaim grantors are not implying or guaranteeing anything.\u00a0\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-35830841 elementor-widget elementor-widget-heading\" data-id=\"35830841\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Mineral Deed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60aad517 elementor-widget elementor-widget-text-editor\" data-id=\"60aad517\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A mineral deed grants all the oil, gas, and other mineral rights to the grantee. In this case, the grantee gains full ownership rights over those materials, including the right to obtain them from the land. This also means the grantee has the right to all royalties and other payouts from those materials.\u00a0<\/p><p>The grantor maintains all other rights to the property, subject to the grantee\u2019s right to access the land for mining or drilling purpose.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a31cfe3 elementor-widget elementor-widget-heading\" data-id=\"1a31cfe3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Interspousal Transfer Grant Deed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69f6abad elementor-widget elementor-widget-text-editor\" data-id=\"69f6abad\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This is a particular kind of gift deed limited to spouses. This deed is used in cases where each spouse holds an interest in a property, and one spouse intends to give the spouse\u2019s rights to the other,.\u00a0<\/p><p>The interspousal transfer grant deed is most commonly used in divorce in order to effectuate a divorce settlement or decree. It may also be used in refinancing situations where one spouse has poor credit. Even in such situations, however, the grantor spouse loses all rights and title to the property following the transfer.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d36a2a elementor-widget elementor-widget-heading\" data-id=\"5d36a2a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Transfer on Death Deed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-368fd38e elementor-widget elementor-widget-text-editor\" data-id=\"368fd38e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A transfer on death deed is a non-testamentary estate planning tool. In plain english, that means that in certain states owners of property have the right to create a deed that would transfer a property when they die outside of the will or probate process.\u00a0<\/p><p>The grantee gets no rights to the property at the time the deed is made and recorded. Instead, they have the future right to receive the property on the grantor\u2019s death. The grantor maintains all current rights, including the right to revoke the transfer on death and\/or sell or otherwise transfer the property.\u00a0<\/p><p>The grantee does have the right to transfer or otherwise encumber the grantee\u2019s future interest, but not the property itself, until the death of the grantor.\u00a0\u00a0<\/p><p>There is a possible scenario in which the grantee quitclaims the grantee\u2019s interest to a third party who never receives the property because the grantor revokes the transfer on death. This is another reason to understand your deed thoroughly any time you\u2019re purchasing a property.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7bf8cc3d elementor-widget elementor-widget-heading\" data-id=\"7bf8cc3d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-21e4b09f elementor-widget elementor-widget-text-editor\" data-id=\"21e4b09f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>There are several more deed forms for even more niche situations specific to particular states.\u00a0 If you are presented with a deed form that you do not recognize, you should ask as many questions and find as much information as possible to ensure that you know exactly what rights and restrictions you have.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6b9e7b6d elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"6b9e7b6d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5a8ec20d\" data-id=\"5a8ec20d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ee9d271 elementor-widget elementor-widget-text-editor\" data-id=\"ee9d271\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The information provided on Peak Title Professionals, does not, and is not intended to, constitute legal, financial, tax, or real estate advice. Please consult your expert for advice in those areas. All content is for general informational purposes only and is not intended to provide a complete description of the subject matter. Although Peak Title provides information it believes to be accurate, Peak Title makes no representations or warranties about the accuracy or completeness of the information contained on this site. Specific processes will vary based on applicable law. The title and closing process will be handled by a third-party attorney to the extent required by law. Product offerings vary by jurisdiction and are not available or solicited in any state where we are not licensed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4b1684fd elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"4b1684fd\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6822d16a\" data-id=\"6822d16a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4eab4366 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"4eab4366\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2f2cee2\" data-id=\"2f2cee2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e9a0820 elementor-widget elementor-widget-heading\" data-id=\"e9a0820\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Are you a multimillion dollar producer? <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-347611d6\" data-id=\"347611d6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-36725023 elementor-button-align-start elementor-mobile-button-align-center elementor-widget elementor-widget-form\" data-id=\"36725023\" data-element_type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;button_width&quot;:&quot;100&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"New Form\">\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"3585\"\/>\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"36725023\"\/>\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"\" \/>\n\n\t\t\t\n\t\t\t<div class=\"elementor-form-fields-wrapper elementor-labels-above\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-100 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-email\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tEmail\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[email]\" id=\"form-field-email\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\" \" required=\"required\" aria-required=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-100 e-form__buttons\">\n\t\t\t\t\t<button class=\"elementor-button elementor-size-sm\" type=\"submit\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Submit<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>DEEDS AND TITLE In this article, we\u2019re going to dig into a few alternative types of deeds used for specific purposes, as well as highlight what states offer these deeds. While the majority of transactions will use the more common deed forms, these may come up in your transaction and it is important to know what they are and how they work.\u00a0 Gift Deed A gift deed is exactly what it sounds like: a deed used when one party gives real property to another. The major difference between gift deeds and others is that there is no exchange of consideration. The grantee (or donee) gives nothing in exchange for the property, but legally it is still considered a conveyance.\u00a0 Subscribe to The Peak University Newsletter! First Name Last Name Email Company By continuing, you accept the privacy policy Grant Deed A grant deed is a particular type of deed, also known as a bargain or sale deed.\u00a0 It is the most basic deed form other than a quitclaim deed, containing only the basic information necessary to convey the title. You can learn more about basic deed elements here.\u00a0 Unlike a warranty deed, a grant deed does not explicitly provide protection against encumbrances, such as easements, or claims on the title by third parties. Instead, the grant deed implies that the grantor owns the property.\u00a0 Additionally, grant deeds also imply that the property is not encumbered in any way that has not been disclosed to the grantee by the grantor before conveying the title. These implications are the major difference between grant deeds and quitclaim deeds.\u00a0 The grantor is implying ownership of title, whereas quitclaim grantors are not implying or guaranteeing anything.\u00a0\u00a0 Mineral Deed A mineral deed grants all the oil, gas, and other mineral rights to the grantee. In this case, the grantee gains full ownership rights over those materials, including the right to obtain them from the land. This also means the grantee has the right to all royalties and other payouts from those materials.\u00a0 The grantor maintains all other rights to the property, subject to the grantee\u2019s right to access the land for mining or drilling purpose. Interspousal Transfer Grant Deed This is a particular kind of gift deed limited to spouses. This deed is used in cases where each spouse holds an interest in a property, and one spouse intends to give the spouse\u2019s rights to the other,.\u00a0 The interspousal transfer grant deed is most commonly used in divorce in order to effectuate a divorce settlement or decree. It may also be used in refinancing situations where one spouse has poor credit. Even in such situations, however, the grantor spouse loses all rights and title to the property following the transfer. Transfer on Death Deed A transfer on death deed is a non-testamentary estate planning tool. In plain english, that means that in certain states owners of property have the right to create a deed that would transfer a property when they die outside of the will or probate process.\u00a0 The grantee gets no rights to the property at the time the deed is made and recorded. Instead, they have the future right to receive the property on the grantor\u2019s death. The grantor maintains all current rights, including the right to revoke the transfer on death and\/or sell or otherwise transfer the property.\u00a0 The grantee does have the right to transfer or otherwise encumber the grantee\u2019s future interest, but not the property itself, until the death of the grantor.\u00a0\u00a0 There is a possible scenario in which the grantee quitclaims the grantee\u2019s interest to a third party who never receives the property because the grantor revokes the transfer on death. This is another reason to understand your deed thoroughly any time you\u2019re purchasing a property. Conclusion There are several more deed forms for even more niche situations specific to particular states.\u00a0 If you are presented with a deed form that you do not recognize, you should ask as many questions and find as much information as possible to ensure that you know exactly what rights and restrictions you have.\u00a0 The information provided on Peak Title Professionals, does not, and is not intended to, constitute legal, financial, tax, or real estate advice. Please consult your expert for advice in those areas. All content is for general informational purposes only and is not intended to provide a complete description of the subject matter. Although Peak Title provides information it believes to be accurate, Peak Title makes no representations or warranties about the accuracy or completeness of the information contained on this site. Specific processes will vary based on applicable law. The title and closing process will be handled by a third-party attorney to the extent required by law. Product offerings vary by jurisdiction and are not available or solicited in any state where we are not licensed. Are you a multimillion dollar producer?<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-3585","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/peaktitlepro.com\/wp-json\/wp\/v2\/pages\/3585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/peaktitlepro.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/peaktitlepro.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/peaktitlepro.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/peaktitlepro.com\/wp-json\/wp\/v2\/comments?post=3585"}],"version-history":[{"count":22,"href":"https:\/\/peaktitlepro.com\/wp-json\/wp\/v2\/pages\/3585\/revisions"}],"predecessor-version":[{"id":6837,"href":"https:\/\/peaktitlepro.com\/wp-json\/wp\/v2\/pages\/3585\/revisions\/6837"}],"wp:attachment":[{"href":"https:\/\/peaktitlepro.com\/wp-json\/wp\/v2\/media?parent=3585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}