A legal instrument utilized in the state for transferring real property interests is a type of deed releasing a grantor’s interest to a recipient. Unlike warranty deeds, this instrument makes no guarantee regarding the validity of the grantor’s title or the absence of liens or encumbrances. For instance, it might be used to transfer property between family members or to clear up title defects.
The document’s importance lies in its simplicity and speed for transferring potential interests. Its benefit stems from its use in situations where the grantor’s ownership is uncertain or where the parties have a pre-existing relationship of trust, making extensive title searches unnecessary. Historically, this method of conveyance has been a practical option for resolving ambiguous property claims efficiently.