A readily available document allows for the transfer of real property interests from one party (the grantor) to another (the grantee) without any warranty. The grantor only conveys whatever interest they possess, if any, in the property. As an example, consider a situation where a homeowner wishes to add their spouse to the title of their property; they might use this type of instrument to transfer their interest.
The accessibility of such documents online provides convenience and can potentially reduce costs associated with legal document preparation. Historically, individuals relied heavily on legal professionals for drafting these instruments. The availability of these resources online empowers individuals to manage certain property transfer aspects independently, while still underscoring the need for careful consideration and potential legal advice. Benefits include speed and immediate access. However, users must be aware of potential risks such as improper completion or use in inappropriate situations.
The following sections will detail the specifics of using this type of instrument effectively, highlighting crucial considerations for proper execution and legal validity, thereby providing a comprehensive understanding of its application and limitations.
