The Deed of Sale of Real Property serves as the primary instrument for transferring real estate ownership in the United States. This document is essential when selling or purchasing any type of real property, from residential homes to commercial buildings. It must be drafted in accordance with state-specific requirements while adhering to federal regulations. The deed includes crucial information such as the property's legal description, purchase price, and any encumbrances or restrictions. Proper execution requires notarization and recording with the appropriate county office to ensure legal validity and public notice of the transfer.
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1. Parties: Identification of grantor and grantee with full legal names and addresses
2. Property Description: Legal description of the property including lot number, subdivision, county, and state
3. Consideration: Statement of the purchase price and form of payment
4. Granting Clause: Legal language transferring title from grantor to grantee
5. Warranties: Statements regarding title warranty and ownership rights
6. Execution: Signature block with notarization requirements
1. Reservations: Any rights retained by the grantor, used when seller keeps certain property rights
2. Exceptions: List of exclusions from warranties, used when property has existing easements, restrictions, or encumbrances
3. Special Conditions: Unique terms specific to the transaction, used when transaction includes non-standard terms
1. Schedule A: Detailed legal description of the property
2. Schedule B: List of permitted exceptions and encumbrances
3. Schedule C: Property disclosure statements
4. Schedule D: Environmental reports or certificates (if applicable)
5. Schedule E: Survey documents and plat maps
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