A Deed:
| • | A deed is a written instrument |
| • | It intentionally conveys rights, title, or interest in real estate |
| • | The owner is the grantor |
| • | The person who acquires title is the grantee |
A legally valid deed has the following characteristics:
| • | It must contain a description of the parties (full name and sometimes martial status) |
| • | The grantor must be legally capable |
| • | The property must be adequately described |
| • | There must be a granting clause |
| • | The deed must be signed by the grantor(s) |
| • | The deed must be delivered and accepted |
Those who have had courses in business law will recognize that the requirements of a legally valid deed are similar to the requirements of a legally valid contract. A deed is, in fact, a contract.
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