Concepts Definitions
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- Deed: A correctly executed and delivered written instrument that conveys title to real property from the grantor to the grantee. nnnn
- Grantor: The person conveying an interest in real property. nnnn
- Grantee: The person receiving a grant of real property. nnnn
- Competent Grantor: An individual who has the legal capacity (e.g., minimum age of 18 and a sound mind) to enter into a contract and transfer interests in real property. nnnn
- Legal Description: A specific and unique identification of a parcel of land and any attached buildings, essential for legal documents like a deed. nnnn
- Delivery (of a Deed): The legal transfer of a deed from the grantor to the grantee, which is necessary for the deed to become effective and transfer title. nnnn
- Consideration: Something of value (e.g., money, services, or love and affection) exchanged by parties in a transaction. While typically required for legally binding contracts, it is not strictly essential for the validity of a deed. n