A Nevada grant, bargain, and sale deed is a document that transfers property with a guarantee against liens and other title encumbrances caused by the current owner (the grantor). Known in other states as a “special warranty deed,” this deed provides the new owner (the grantee) less protection than a general warranty deed, which promises a clean and unencumbered title across the entire chain of ownership.
Because a grant, bargain, and sale deed only covers the grantor’s period of ownership, the grantee assumes the risk of title issues stemming from the actions of previous owners. The limited warranty is often desirable in commercial transactions, bank foreclosures, and transfers pursuant to the administration of an estate.
- Statutes: NRS 111.170
- Formatting: NRS 247.110, NRS 111.312
- Signing Requirements (NRS 111.105): Notary Public
- Where to Record (NRS 111.315): County Recorder
- Recording Fees (NRS 247.305): $25 + local recording fees (approximate total of $42)
- Recording Cover Page: Deed filers must obtain a cover page from the County Recorder and include it with their deed.
- Declaration of Value Form (NRS 375.060): Reports the amount of transfer tax due; must be filed with the County Recorder.
- Property Disclosure Statement (NRS 113.130): Used to disclose the material condition of a home (must be delivered to the buyer at least ten (10) days before the transfer of residential real estate).
- Open Range Disclosure (NRS 113.065): The grantee must sign this disclosure before agreeing to purchase property located next to an open range where livestock roam.