What is Microsoft Word Warranty Deed Template?
Microsoft Word Warranty Deed Template is a pre-designed document in Microsoft Word format that is used to create a legally binding agreement between a grantor (seller) and a grantee (buyer) for the transfer of real property. This template simplifies the process of drafting a warranty deed by providing a ready-made format with placeholders for relevant information.
What are the types of Microsoft Word Warranty Deed Template?
There are several types of Microsoft Word Warranty Deed Templates available, each catering to specific situations and requirements. Some common types include:
General Warranty Deed: Provides the highest level of protection for the grantee as it guarantees that the property is free from any encumbrances, except those explicitly mentioned in the deed.
Special Warranty Deed: Similar to a general warranty deed, but with limited protection. The grantor warrants only against their actions and not against any defects preceding their ownership.
Quitclaim Deed: Transfers the grantor's interest in the property to the grantee without providing any warranties or guarantees.
Bargain and Sale Deed: Provides no warranties or guarantees, but implies that the grantor has the right to transfer the property.
Executor's Deed: Used when the grantor is the executor of an estate and transfers the property to a beneficiary.
Trustee's Deed: Used when the grantor is a trustee, transferring the property as per the terms of a trust agreement.
How to complete Microsoft Word Warranty Deed Template
To complete a Microsoft Word Warranty Deed Template, follow these steps:
01
Open the template in Microsoft Word.
02
Replace the placeholders with the relevant information, such as names of the grantor and grantee, property description, and any additional provisions.
03
Review the completed document for accuracy and clarity.
04
Print the deed on non-judicial stamp paper or any other paper as per local requirements.
05
Sign the deed in the presence of a notary public or other authorized official.
06
Have the deed witnessed as required by law.
07
Make copies of the signed and witnessed deed for all parties involved.
08
Record the deed at the appropriate county office or registry to make it legally enforceable.
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