Escrow & Title
What is a 'grant deed' and when is it commonly used in Nevada?
AA deed granting easements to utility companies
BA type of deed with two implied warranties: the grantor has not previously conveyed the property to anyone else, and there are no undisclosed encumbrances created by the grantor✓ Correct
CA deed used only in foreclosure sales
DThe standard deed form required by Nevada law for all residential transactions
Explanation
A grant deed provides two implied covenants: (1) the grantor has not previously conveyed the property to anyone else, and (2) the property is free from encumbrances created by the grantor (not third parties). Grant deeds are commonly used in California and occasionally in Nevada. In Nevada, general warranty deeds (which provide broader covenants) and special warranty deeds are also used, depending on the transaction and title insurance available.
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