A grant deed is used to transport property from one owner to another, primarily within a arms-length sale. The deed includes certain guarantees –that the property has not been sold to anybody else and it is free from liens. To prepare a valid grant deed, each state will have its own needs, but many states, including California, will need a written document that defines the parties, supplies the property’s legal description, also includes language granting name. In order to produce the grant deed appropriate for recording, additional information is usually required by the recorder’s office where the property is situated.
A grant that is pre-printed deed form. A good source for these forms can be the site of a government recorder’s office where the property is situated, like the County of Ventura, Clerk and Recorder. The pre-printed form will include the proper legal terminology required in the jurisdiction where the property is situated and indicate what information has to be added. These forms can also be found by a neighborhood real-estate broker or legal stationary store.
Add the name and address to the grantee at the upper left-hand portion of the grant deed. This is done in order to make certain that the original grant deed is returned to the grantee after the deed is recorded and all future property tax statements are mailed to the grantee, the San Francisco County Office of this Assessor-Recorder advises.
Find the assessor’s parcel number for your house and insert it at the grant deed at the blank space after”APN.” You can find the APN from several resources. It can be discovered on a property tax bill or a previously recorded grant deed for the house. Some authorities property assessors make the information available through a site, like the San Francisco County Assessor’s site SFParcel.
Find the information provided from the local authorities assessor’s office to calculate the documentary transfer tax to your property and add the sum calculated at the grant deed where indicated. Unless a specific exemption applies, a tax is implemented that is based on the value of their house whenever there is a change in ownership. In California, the grant deed could be denied for recording if the tax isn’t paid at the time recording is requested. The way of calculating the taxation is available in the local authorities assessor and can often be found on the assessor’s site, like the dining table of documentary taxation information provided from the San Francisco County Assessor. Along with computing and paying the tax, the San Francisco County Assessor also requires you to submit a Transfer Tax Affidavit, which will be available from its workplace.
Add the name of the grantor–the individual selling the house –after the phrase:”FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, I (We)….” The grantee’s name is added after the phrase:”hereby remise, release and grant to…” The name of this county and city is inserted in the blank spaces that follow.
Add the property’s legal description at the region reserved over the signature line. The best source of information is the legal description in a prior grant deed for the house. In addition, it can be found on any name report obtained for the home as a portion of their sale. Double check the legal description. An inaccurate legal description will cause difficulty transferring the house later on.