Guide To Understanding
A Grant Deed is used in some states and jurisdictions for the sale or other transfer of real property from one person or entity to another person or entity. Each party transferring an interest in the property, or "grantor", is required to sign it. Then the document must be "acknowledged" before a Notary public, sometimes called notarized, or other official authorized by law to administer oaths. The Notary Public or other official then placed a seal and marks the document accordingly to show that it was properly signed and acknowledged. The reason the document must be notarized is to provide evidence that the document is genuine as transaction documents are sometimes forged. Some jurisdictions use the "Warranty Deed" to transfer real property instead of the Grant Deed. The "Quitclaim Deed" is also sometimes used, although this document is most often used to "disclaim" having any interest in a property rather than selling a property that one owns.
The types of deeds that are now used to transfer real property are a relatively modern invention. Previously, the party selling a property, called the "grantor", transferred the property the buyer, called the "grantee", by performing some commonly recognized deed, such as picking up a handfull of soil on the property, throwing it at the buyer, and reciting legally prescribed words that acknowledged the transfer. Over time, and particularly with the development of modern technology that permits government offices to keep accurate copies of documents, the physical "deed" that was formerly performed in order to transfer a property was replaced by the paper "deed", also known as a "deed poll", that is now commonly used