What is implied by a grant deed regarding the seller's ownership?

The correct response indicates that a grant deed implies the seller owns the property and has the right to sell it. This legal instrument serves as a written confirmation of the transfer of property ownership and includes assurances from the seller regarding their ownership status. In a grant deed, the seller is affirming not only that they hold title to the property but also that they are entitled to convey that title to another party, which is foundational to the sale process.

In real estate transactions, this assurance is crucial because it protects the buyer by guaranteeing that the seller has the legal ability to sell the property. A grant deed typically conveys certain warranties, such as the seller's assurance that the property is free from significant encumbrances, providing further security to the buyer regarding the ownership transfer.

Other options present different interpretations of ownership. Sole ownership, for instance, is not a requirement under a grant deed; the seller may own the property outright or share ownership. The choice suggesting co-ownership or requiring notifications to other owners adds unnecessary complications that are not stipulated by a standard grant deed, which focuses strictly on the transfer of title and the seller's right to do so.