Concepts Definitions

• Grant Deed: The most frequently used legal document in California to transfer real property from a grantor (seller) to a grantee (buyer).
• Implied Warranties (of a Grant Deed): Legally assumed guarantees that come with a grant deed, even if not explicitly written. These include the grantor’s assurance that they have not previously conveyed the property to another, and that the property is free from undisclosed encumbrances.
• Encumbrance: Any non-possessory interest in real property that limits title, such as a lien, mortgage, or easement.
• Conditional Delivery: The act of transferring a document, such as a deed, to a neutral third party (like an escrow agent) to hold until all specified conditions of a transaction are fulfilled before final release to the intended recipient.

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