What is General Warranty Deed Template?
A General Warranty Deed Template is a legal document that transfers ownership of a property or real estate from one party, known as the grantor, to another party, known as the grantee. This type of deed provides the highest level of protection to the grantee, as it guarantees that the grantor holds clear title to the property and has the right to transfer it. The General Warranty Deed Template outlines the terms and conditions of the transfer, including the description of the property, warranties from the grantor, and any additional provisions.
What are the types of General Warranty Deed Template?
There are several types of General Warranty Deed Templates, each suited for different situations. Some common types include:
Full Covenant and Warranty Deed: Provides the strongest level of protection for the grantee, as it includes warranties not only from the grantor but also from all previous owners of the property.
Special Warranty Deed: Limits the warranties to only the time the grantor owned the property, protecting the grantee from any claims or defects that arose before the grantor's ownership.
Quitclaim Deed: Provides the least amount of protection to the grantee, as it transfers only the interest the grantor has in the property without making any warranties about the title or ownership.
Bargain and Sale Deed: Transfers the property without providing any warranties, but implies that the grantor has the right to transfer the property.
Executor's Deed: Used to transfer property from the estate of a deceased person to a new owner, usually a beneficiary or buyer.
How to complete General Warranty Deed Template
Completing a General Warranty Deed Template involves several steps to ensure a valid and enforceable transfer. Here is a general guide on how to complete a General Warranty Deed Template:
01
Identify the parties involved: Clearly state the names and addresses of the grantor and grantee.
02
Describe the property: Provide a detailed description of the property being transferred, including the legal description and any physical addresses.
03
Include warranties and covenants: Specify the warranties and covenants provided by the grantor, such as guaranteeing clear title, freedom from encumbrances, and the grantor's authority to transfer the property.
04
Sign and notarize the deed: Both the grantor and grantee must sign the deed in the presence of a notary public to make it legally binding.
05
Record the deed: File the completed deed with the appropriate county or municipal office to establish a public record of the transfer.
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