This form is a Warranty Deed where the grantor(s) retains a life estate in the described property.
Idaho Warranty Deed for Parents to Child with Reservation of Life Estate
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A covenant deed is a less comprehensive warranty deed. It still conveys title but may contain any number or types of covenants. A covenant deed may contain restrictive covenants that prohibit the grantee from using the property in a certain way, or it may be tailored for a certain transaction.
Contains the strongest and broadest form of guarantee of title of any type of deed, and provides the greatest protection of any deed to the grantee. In this type of deed, the grantor makes various covenants, or warranties.
A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed)
A warranty deed is a document often used in real estate that provides the greatest amount of protection to the purchaser of a property. It pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it.
It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating
The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.
A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.
The covenant of warranty means that if anyone claims an interest in the property, then the grantor will 200bjump in and defend the legal claim200b.
Under the Grantor section of the deed, write the name of the person transferring title. Under Grantee, write the name of the person receiving title. Describe the parcel of land. Use the street address and include the North Carolina County where the land is located.