Warranty Deeds - Warranty Deed
USLegalforms offers online warranty deed forms of the highest quality at low prices. Whether you need a general warranty deed, special warranty deed, limited warranty deed, grant deed, or any other property deed transfer form, we have the finest forms available. Unlike many generic forms that are offered as state forms, our forms are drafted to comply with the law in each state, and regularly reviewed by attorneys to keep up with the latest legislative changes.
What Is a Warranty Deed? Special Warranty Deed
A deed is the crucial legal document that’s recorded in the land recorder’s office to complete a real estate sale. The recording of the property deed transfer form is what puts the new owner(s) on record as the titled owner. A warranty deed form is a commonly used way to transfer a property title. This form offers more assurances to the new owner of a real estate listing than a quit claim deed does. The current owner(s), referred to as the grantor(s), and the new owner(s), referred to as the grantee(s) can be individuals or representatives of entities, such as a trustee of a trust or officer of a corporation.
Characteristics of a Warranty Deed Warranty Deed Document
Unlike a quit claim deed form (sometimes mistakenly called a quick claim deed), a warranty deed provides the new owner with a guarantee of clear title. This means that a buyer is assured that the seller is the valid owner, with the right to sell the property. It further guarantees that there are no undisclosed liens, encumbrances, encroachments, restrictions, or other claims on the real estate.
Types of Warranty Deed Sample Form Templates Warranty Deed Definition
There are two main types of these forms. We’ll explain them below.
1. General Warranty Deed Deed Warranty
- Covenant of Seisin - This promises that the seller has the right to convey the property.
- Warranty of Title –This promises that the seller holds a valid title to the property being transferred.
- Covenant Against Encumbrances – This warrants that there are no hidden claims on the property. Such claims could consist of debts or restrictions on use that diminish the property’s value. Some examples of encumbrances include:
- A mortgage
- A mechanics lien
- A neighbor’s easement
- A contract restricting use of the property
2. Special Warranty Deed Warranty Deed With Vendor's Lien
The seller’s guarantees are narrower in this form than those in the general warranty deed form. The seller promises only that title was received and that no encumbrances were made on the property during the seller’s period of ownership. The buyer is only protected against defects caused by the seller. This deed is also referred to as a limited warranty deed.
How to Fill Out a Warranty Deed Form Blank Warranty Deed Form
You will need to include the following basic information on your form:
- The names and addresses of the buyer (grantee) and seller (grantor).
- The street address, legal description, and parcel number of the property being transferred. You can get the legal description from the land recorder’s office, your original deed, or your mortgage documents.
- The name of the county and state where the deed will be signed.
- The page, volume, and document number of the land records where the previous deed was filed. You can call the county land recorder for this information if it’s not on the original deed or property sale documents.
- How title will be held if there’s more than one grantee, such as tenants in common, joint tenants with right of survivorship, or community property.
There are other optional terms that may be included, such as the transfer of oil, gas, and mineral rights, or the seller’s reservation of a life estate. Deeds must be signed in front of a notary public, acknowledged by the notary, and then recorded in the county land records office where the property is located.
Tips for Preparing Warranty Deeds
Regardless of the popularity and everyday use of Warranty Deeds, not all of them are approved due to inaccuracies. Consider decreasing the risk of rejecting your documents to save more time for performing more important tasks. Use the tips below to prepare papers faster:
- Pick the proper sample. Using a professionally-drafted form is already half the battle. To begin with, pick your state to comply with local laws and regulations. Then, go through various types of deeds, explore helpful notices, and discover the one that satisfies your needs in our comprehensive library.
- Gather all the required details. Most samples request data about a grantor, a grantee, a description of a document's subject matter, and a tax ID. However, some states require you to include additional details in deeds like parties' addresses and marital statuses. Consider requesting it before preparing documents.
- Describe the subject matter. Provide complete specifics of the item of the transaction. Indicate its location and state, and other details that can help to identify it clearly.
- Verify abilities. Be sure a grantor has appropriate legal rights to grant, and a grantee has the capacity to get them. Otherwise, your Warranty Deeds record loses its validity.
- Sign a doc. Deeds don't become legal until they are certified. If you have a Premium subscription on our platform, make use of the US Legal Forms integration with signNow eSignature to eSign a filled out warranty or quitclaim deed on the web without the need for leaving your house or office.