Quantcast
Don't Miss
Home / News Stories / Deed-writing would be more complicated

Deed-writing would be more complicated

Writing a deed or deed of trust would become more complicated under a bill prefiled yesterday by Del. Robert G. Marshall, R-Manassas.

House Bill 1640 would affect instruments in which the grantee is not an individual.

If the grantee is a corporation, the deed would need to include the names of all the corporate officers and the company’s registered agent at the time the deed was made.

If the grantee is a limited liability company, the deed would need to name all the members and the RA at the time the deed was made.

If the grantee is a partnership, the deed would need to name all partners or limited partners and the RA at the time the deed was made.

Same rules would apply to drafting deeds of trust.

Sounds like time for a clause in the closing documents requiring the grantee to pony up all that information so the deed-drafter can get it right.

One comment

  1. Robert T. Vaughan, Jr.

    I have been practicing business and real estate law for over thirty years. What in the world is the reason for all of this?

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

 

Scroll To Top