This form provides boilerplate contract clauses that disclaim or limit warranties under the contract. Several different language options are included to suit individual needs and circumstances.
North Carolina Warranty Provisions
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FAQ
Before a deed or deed of trust prepared in North Carolina may be recorded it must reflect the name of the draftsman on the first page. In addition to the ?Prepared by? or ?Drawn by,? the first page should also contain a ?Return to? name and address. The excise or revenue must also be reflected on the front of a deed.
The deed must contain, at minimum, an identification of the grantor and grantee, consideration (usually the amount of money paid) and a legal description of the real estate. It may refer to the real estate by lot number as shown on a recorded plat or by a lengthy metes and bounds description prepared by a surveyor.
A North Carolina warranty deed must meet North Carolina's deed requirements and include essential information to describe the transfer. Essential information includes the grantor's and grantee's names and addresses, a legal description of the property being transferred, and the name of the person who prepared the deed.
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 statement that the grantor is transferring the property to the grantee.
How to transfer property ownership Identify the donee or recipient. Discuss terms and conditions with that person. Complete a change of ownership form. Change the title on the deed. Hire a real estate attorney to prepare the deed. Notarize and file the deed.
A General Warranty Deed is a deed in which the party conveying the property (the ?Grantor?) warrants and guarantees to the party receiving the conveyance (the ?Grantee?) that the title to the property he is conveying is good and unencumbered as against all persons.
This special warranty deed is different than the general warranty deed in a major way. Here, the seller is only stating that they will protect the buyer from any title defects or claims arising during the seller's ownership, not from any point in time before the seller had ownership.