In property law, what typically happens when a deed is delivered to the grantee?

When a deed is delivered to the grantee, the title has officially transferred to the grantee. This is a fundamental principle in property law, which dictates that the delivery of a deed is essential for the transfer of ownership. A deed conveys legal title to the property, thereby completing the transfer from the grantor to the grantee.

The delivery serves as evidence of the grantor's intent to relinquish ownership and grant the grantee full rights to the property. Once the deed is delivered, the grantee can assert ownership, subject to any encumbrances or restrictions that may be noted within the deed itself.

In contrast, options like revoking ownership or retaining ownership until payment is made do not apply in the context of a lawful and intended transfer of property through a deed. If payment is a condition of the transfer, that would typically be outlined in a separate agreement or the deed itself would reference that specific arrangement. Similarly, the suggestion that the grantee only gains a leasehold interest is inaccurate in the context of a valid deed transfer, as that implies a lesser form of interest than complete ownership.