A grant deed, also referred to as a bargain and sale deed, is a legal document used to transfer, or convey, rights in real property from a grantor (seller) to a grantee (buyer). It contains covenants that the grantor has not previously sold the real property interest being conveyed to the grantee, and warrants that the property is conveyed to the grantee without any liens or encumbrances except for those specifically disclosed in the deed. Therefore, if the grantee later discovers that the grantor has sold the property to a third party, or if there are undisclosed encumbrances, the grantee may be able to sue the grantor for damages.
Lawful deeds include the grantor's full name and marital status, as well as the grantee's full name, marital status, mailing address, and vesting. Vesting describes how the grantee holds title to the property. For Illinois residential property, the primary methods for holding title in co-ownership are tenancy in common, joint tenancy and tenancy by entirety. A grant of ownership of real estate to two or more persons creates a tenancy in common, unless a joint tenancy or tenancy by the entirety is specified. (765 ILCS 1005/1, 1005/1c.).
As with any conveyance of real estate, a grant deed requires a complete legal description of the parcel. Recite the source of title to establish a clear chain of title, and detail any restrictions associated with the property. The deed must meet all state and local standards for recorded documents. Finally, the grantor signs the completed document in front of a notary. Once acknowledged, record the deed in the recorder's office in the county where such lands are located. Make sure to include all relevant documents, affidavits, forms, and fees.
This article is provided for informational purposes only and is not a substitute for the advice of an attorney. Contact a lawyer with questions about grant deeds or for any other issues related to the transfer of real property in Illinois.
Deeds.com Illinois Grant Deed Forms Have Been Updated as Recently as Friday April 19, 2019
What others like you are saying:
Joseph T. said: I downloaded the wrong form, how do I change this, or can I?
Reply from Staff: Sorry to hear that. As a one time courtesy we have canceled your order and payment for the documents you ordered in error. Have a great day.
TRACEY W. said: The system is very easy to use. I wasn't able to access what I needed but my fees were refunded without issue.
Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Carole L. said: Perfectly easy, perfectly complete! I had no problems with downloading these forms. I have been a paralegal for 20 years and came up on a situation where I was not familiar with the forms. Deeds.com saved my life and allowed me to get the documents done and done right. I will keep deeds.com on my list of favorites!
Reply from Staff: Thank you Carole. Glad we could help. We appreciate you taking the time to leave your review.
Tawnya B. said: The document I needed and easy instructions!
Reply from Staff: Thank you!
Karen J. said: Excellent and easy to download and use. Love the example page and was so easy to fill out and use immediately. Thank you
Reply from Staff: Thank you for your feedback Karen. We really appreciate it. Enjoy your day!
Any S. said: I was looking for realty transfer or deed in the name of ***** **** and could never find the list of realty transfers.
Reply from Staff: Thank you for the feedback Any. We do not offer searches by name, only by property.
Select County where the property is located.