The written deed will identify the names of the seller, or owner, of the home (the grantor) and the buyer (the grantee). Oral contracts are difficult or impossible to enforce in court, and are not technically deeds.
To qualify as a “deed,” the document must be in writing.
The seller signs away his or her rights to legally own, keep, or use a particular property. Upon signing a conveyance deed, the original owner transfers all legal rights, ownership, and authority over the property to the buyer. All parties involved in the transfer – including the current owner of the property and the “new” owner – must sign the deed of conveyance for it to be valid. If there are any terms or conditions that go along with the transfer, the deed should describe these as well. The deed should also state how the grantor delivered the property to the buyer, as well as how the grantee received the property. The deed must transfer the chain of title, or all the legal rights of the property, from the owner to the buyer. The deed must include clear language that conveys the property from one party to the other. The document should also clearly state the rights that come with ownership of the property. It is important that the boundaries are accurate to avoid property line and ownership disputes down the road.
Parties involved may need to order a land survey to accurately define and document the exact parameters of the property in question. A deed needs to describe the defined boundary lines of the property.
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