Get the free SPECIAL CONDOMINIUM WARRANTY DEED

This document is a warranty deed transferring ownership of a condominium unit from the Grantor, Alidade Star Tower, LLC, to the Grantee, along with the obligations defined in the declaration of condominium.

How to fill out special condominium warranty deed

How to fill out SPECIAL CONDOMINIUM WARRANTY DEED

1. Start by obtaining the SPECIAL CONDOMINIUM WARRANTY DEED form, which is typically provided by a lawyer or a real estate office.
2. Fill in the names of the grantor (the seller) and grantee (the buyer) in the designated sections.
3. Provide a detailed legal description of the condominium property being transferred. This may include the lot number, building number, or unit number.
4. Indicate the date of the transaction and any recorded reference numbers related to the property.
5. Include the consideration amount (the price for which the property is being sold) in the appropriate section.
6. Ensure that the grantor's signature is notarized to validate the deed.
7. Record the completed WARRANTY DEED with the local county recorder's office to make it official.

Who needs SPECIAL CONDOMINIUM WARRANTY DEED?

1. Recipients of this deed are usually individuals or entities purchasing a condominium unit.
2. Current owners transferring ownership of their condominium towards a buyer.
3. Anyone involved in real estate transactions for condominium properties who needs to ensure a legal transfer of title with warranties.

People Also Ask about

Is a special warranty deed proof of ownership?

No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.

Why would a seller use a special warranty deed?

A special warranty deed is a type of real estate deed used to transfer property ownership from one person to another. By using this particular deed, the seller is guaranteeing to the buyer that there are no defects or problems with the property title during the time that they owned the property.

What is the difference between a warranty deed and a special deed?

The main difference between these deeds is that general warranty deeds apply to the entire history of a piece of land while special warranty deeds only cover the period of time that the previous owner (the grantor) has held the land. As such, special warranty deeds offer fewer protections to a grantee.

Why would a seller want a special warranty deed?

A special warranty deed is a type of real estate deed used to transfer property ownership from one person to another. By using this particular deed, the seller is guaranteeing to the buyer that there are no defects or problems with the property title during the time that they owned the property.

What are the risks of a special warranty deed?

When a buyer purchases property under a special warranty deed, there is the possibility that a prior creditor or owner could make a claim against the property. The best way to protect yourself as a buyer is to buy title insurance when you purchase the property.

Does a special warranty deed prove ownership?

Key Takeaways A warranty deed does not provide proof of ownership, but rather guarantees that the seller has the legal right to sell the property and is accountable for any title defects.

What is the disadvantage of a warranty deed?

Customers May Face Coverage Limits Some warranty companies may also fail to provide an easy-to-understand breakdown of coverage, prompting even further hesitation among customers when determining whether or not to purchase a plan.

Who benefits the most from a warranty deed?

Should I buy a house with a special warranty deed? A special warranty deed protects sellers from title claims or encumbrances prior to ownership, but buyers are responsible if any claims should arise. The best level of protection for a buyer is a general warranty deed and an owner's title insurance policy.

What are the disadvantages of a special warranty deed?

The main disadvantages include limited protection for buyers, who may inherit claims or issues from before the seller's ownership. Buyers must investigate the property's history, which could lead to unexpected costs or unresolved liens.

For pdfFiller’s FAQs

What is SPECIAL CONDOMINIUM WARRANTY DEED?

A Special Condominium Warranty Deed is a legal document used to transfer ownership of a condominium unit, providing certain guarantees against defects in title or ownership by the seller.

Who is required to file SPECIAL CONDOMINIUM WARRANTY DEED?

The seller or grantor of the condominium unit is typically required to file the Special Condominium Warranty Deed.

How to fill out SPECIAL CONDOMINIUM WARRANTY DEED?

To fill out a Special Condominium Warranty Deed, you need to include details such as the names of the parties involved, a legal description of the property, and any warranties or covenants regarding the title.

What is the purpose of SPECIAL CONDOMINIUM WARRANTY DEED?

The purpose of a Special Condominium Warranty Deed is to assure the buyer that the seller has clear title to the property and to provide legal protection against future claims against the title.

What information must be reported on SPECIAL CONDOMINIUM WARRANTY DEED?

The information that must be reported on a Special Condominium Warranty Deed includes the names of the grantor and grantee, the property description, and any applicable warranties regarding the title.