When a property is transferred, there must be proof of the transfer. This typically refers to the transfer of property through a sale from a seller to a buyer or from a family member to another family member. A granting clause is one such way that proves that a transfer has occurred. The Granting Clause generally appears at the start of a lease and is often times disregarded in certain instances when executing a lease agreement. For many, this may prove to be unfruitful to the lessee.
There are 3 key elements that are connected to a granting clause.
They Include the Following:
Property Description
Associated Easement Rights
Leased Substances
Property Description– This section of the granting clause describes what is included in the transfer of the property as well as specific details regarding the property.
Associated Easement Rights– The associated easement rights section details the easement rights that are being transferred to the lessee.
Leased Substances– A simplified description of all the major specific details tied to the lease.
