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A Montana grant deed is a legal document used to transfer real property ownership. It provides statutory warranties that the grantor has not previously conveyed the same property to someone else and that the property is free from encumbrances made by the grantor, except those disclosed in the deed. It offers more protection than a quitclaim deed but less than a full warranty deed.
Grant deeds are commonly used in standard real estate transactions where the grantor is willing to guarantee their own actions regarding the title, but does not want to warrant against defects that may have existed before they owned the property.
A grant deed only guarantees that the current grantor has not encumbered the property or sold it to another party. A full warranty deed, on the other hand, guarantees the entire history of the title against all claims, regardless of when they arose.
Yes, grant deeds are frequently used in Montana real estate transactions, especially when accompanied by a title insurance policy that covers historical title defects.
An attorney is not legally required, but it is recommended to ensure the deed is drafted correctly and the legal description is accurate.
The RTC is a mandatory form used by the Department of Revenue to track property values and ownership changes. It must be filed with the grant deed, though the information remains confidential.
It must be recorded at the County Clerk and Recorder's office in the county where the property is located.
No, it does not clear existing defects. It only warrants that the current grantor did not create new undisclosed defects during their ownership.