- Grantor
- The current titleholder who is transferring their interest in the property to another party.
- Grantee
- The person or entity receiving the property interest conveyed by the grantor.
- Conveyance
- The legal transfer of an ownership interest in real property from one party to another by deed or other written instrument.
- Legal Description
- A precise, formally recorded description of a property's boundaries using lot and block numbers, metes and bounds, or a government survey — not a street address.
- Consideration
- The value exchanged for the property transfer — often a nominal amount such as $1 or $10 in intra-family transfers, or fair market value in commercial transactions.
- Cloud on Title
- Any claim, lien, or encumbrance appearing in the public record that questions the clarity of ownership and can prevent a clean sale or refinancing.
- Notarization
- The process by which a licensed notary public verifies the identity of the signer and witnesses their signature, required for deed recording in virtually all US states and Canadian provinces.
- Recording
- The act of filing a signed and notarized deed with the appropriate county recorder, land registry, or municipal office to make the transfer part of the public record.
- Title Insurance
- A policy that protects a property owner or lender against losses arising from undiscovered defects or competing claims in the chain of title — not issued based solely on a quit claim deed.
- Warranty of Title
- A guarantee by the grantor that they hold valid, unencumbered title and will defend the grantee against any future claims — deliberately absent in a quit claim deed.
- Chain of Title
- The chronological sequence of documented ownership transfers for a property, traceable through recorded deeds in the public record.
- Tenancy in Common
- A form of co-ownership where two or more parties hold distinct, transferable shares of a property without the right of survivorship.