Escrow & Title
In New Hampshire, a deed must contain which elements to be valid?
AGrantor and grantee names, consideration, legal description, signature of grantor, and delivery and acceptance✓ Correct
BGrantor's name, purchase price, and notarization only
CGrantee's name, consideration, and recording
DLegal description, price, and two witness signatures
Explanation
A valid deed in NH requires: identification of grantor and grantee, words of conveyance, consideration (even nominal), an adequate legal description, the grantor's signature (and notarization for recording), and delivery and acceptance by the grantee.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Closing CostsFees and expenses paid by the buyer and/or seller at the closing of a real estate transaction, in addition to the property's purchase price.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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