Wisconsin Warranty Deed from Individual to Individual
Overview of this form
The Warranty Deed from Individual to Individual is a legal document used to transfer property from one individual (the Grantor) to another (the Grantee). This deed provides a warranty that the Grantor holds clear title to the property and can legally convey it. Unlike other forms, this document specifically reserves the rights to any oil, gas, and minerals beneath the property, which remain with the Grantor.
Form components explained
- Identification of the Grantor and Grantee, including names and addresses.
- Description of the property being conveyed, including legal descriptions and parcel identification numbers.
- Reservation of rights regarding oil, gas, and minerals by the Grantor.
- Warrant of title, ensuring the property is free from encumbrances, except for specified easements and covenants.
- Provisions for the allocation of property taxes between Grantor and Grantee.
- Notary acknowledgment section for legal validation.
When this form is needed
This form is typically used when an individual is selling or transferring their property to another individual. It is appropriate in situations where both parties are private individuals, such as family members or friends, and where the transfer does not include commercial interests. Use this form when clear property title is essential and when the reservation of subsurface rights, such as oil, gas, or minerals, is needed.
Who needs this form
- Individuals looking to sell or gift real property to another individual.
- Property owners who wish to ensure that the title is conveyed with all necessary warranties.
- Those involved in a private transaction that does not require the oversight of a real estate agent or attorney.
Steps to complete this form
- Identify and enter the full names and addresses of both the Grantor and Grantee.
- Provide a detailed description of the property, including the Parcel Identification Number and other relevant information.
- Specify any reservations of rights regarding oil, gas, and minerals as noted in the form.
- Complete the warranty clause, confirming that the title is clear of encumbrances, and enter tax proration details.
- Sign and date the form in the presence of a notary public for legal validity.
Does this document require notarization?
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failing to include a complete and accurate property description.
- Not specifying reservations of rights, leading to future disputes.
- Omitting the signatures of all parties involved.
- Not obtaining notarization before filing the deed.
Benefits of using this form online
- Convenience: Easily download and fill out the form from anywhere at your convenience.
- Editability: Make changes to the form as needed before finalizing details.
- Reliability: Forms are drafted by licensed attorneys, ensuring compliance with legal standards.
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FAQ
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
After your Warranty Deed has been recorded at the County Clerk's Office, it can be sent to the grantee. However, any person or corporation can be designated as the recipient of the recorded Warranty Deed.
Special warranties allow the transfer of property title between seller and buyer. The purchase of title insurance can mitigate the risk of prior claims to the special warranty deed.
Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.
A special warranty deed to real estate offers protection to the buyer through the seller's guarantee that the title has been free and clear of encumbrances during their ownership of the property. It does not guarantee clear title beyond their ownership.
A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.
The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.
The mortgage company usually prepares this deed as part of the loan package and delivers it to the title company for you to sign at closing. The title company is commonly the trustee to the deed and holds legal title to the property until the loan gets fully repaid.
After your Warranty Deed has been recorded at the County Clerk's Office, it can be sent to the grantee. However, any person or corporation can be designated as the recipient of the recorded Warranty Deed.
