What does a grant deed warrant regarding the property?

Study for the Real Estate Principles Exam. Get ready with real-world scenarios, multiple-choice questions, and detailed explanations. Enhance your understanding and confidence for your big day!

A grant deed provides specific assurances from the grantor to the grantee regarding the property being transferred. One of the primary warranties included in a grant deed is that the grantor has the legal right to convey the property and that the property has not been previously conveyed to someone else in a way that would impede the current transaction. This assurance emphasizes the grantor's ownership rights, ensuring that the new owner receives a clear title.

The correct interpretation of this type of deed highlights the grantor's assertion that they are indeed the rightful owner, reinforcing the identity of the property. While a grant deed typically doesn't guarantee that the property is entirely free of liens or easements—those concerns could be further explored through title searches or insurance—it does affirm that the grantor is transferring what they legally possess without conflicting claims from prior conveyances.

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