Arizona Warranty Deed for Surface with Limited Warranty

State:
Multi-State
Control #:
US-OG-320
Format:
Word; 
Rich Text
Instant download

Description

This form of deed conveys the surface estate in existing lands pursuant to a contract of sale.

How to fill out Warranty Deed For Surface With Limited Warranty?

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FAQ

When using a warranty deed, the grantor guarantees that the property has no outstanding title problems and that they, the current owner, have the legal right to sell to the buyer.

Relates to the past and guarantees grantor ownership. The deed that offers a limited number of warranties is a. general warranty deed.

Types of Deeds in Arkansas The limited warranty deed only guarantees that no issues were created while the seller was in possession of the property. Quitclaim deeds are also available in Arkansas, but used only in specific situations.

General Warranty Deed in Arizona The deed includes a guarantee from the grantor (seller) that they hold the title free and clear without any encumbrances on the property. This provides the grantee (buyer) the assurance that they can take ownership of the property without any parties making claims to it.

A special warranty deed or limited warranty deed only guarantees that no title problems occurred during the time the seller has owned the property. That means the previous owner can't be held accountable for creditors' liens or other issues that occurred before they took possession of the home.

Also called a non-warranty deed, a quitclaim deed conveys whatever interest the grantor currently has in the property if any. The grantor only "remises, releases, and quitclaims" their interest in the property to the grantee. There are no warranties or promises regarding the quality of the title.

A special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during his ownership. A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property.

Unlike a general warranty deed, a special warranty deed doesn't cover title claims over the property's entire history. It only guarantees against title issues that occurred when the seller owned the home.

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Arizona Warranty Deed for Surface with Limited Warranty