New Orleans Louisiana Warranty Deed from Individual to Individual

• Category: Louisiana Real Estate - Deeds - Warranty
• State: Louisiana
• City: New Orleans
• Control #: LA-02-78
• Format: Word; Rich Text

Description

This Warranty Deed from Individual to Individual form is a Warranty Deed where the Grantor is an individual and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws. A warranty deed is a legal document used in real estate transactions to transfer property ownership from one individual to another in New Orleans, Louisiana. It provides a guarantee or warranty that the seller has clear and marketable title to the property and will defend against any future claims. In a New Orleans Louisiana warranty deed from an individual to an individual, the following information is typically included: 1. Granter: The individual who is selling or transferring the property is known as the granter. Their full legal name and address are specified in the deed. 2. Grantee: The individual who is buying or receiving the property is referred to as the grantee. Like the granter, their full legal name and address are provided in the warranty deed. 3. Property Description: The deed contains a detailed description of the property being transferred. It includes the address, legal description, and any applicable parcel numbers or lot numbers. 4. Consideration: The consideration, or purchase price, for the property is stated in the deed. This is the amount the grantee agrees to pay the granter for the property. 5. Warranty of Title: A key feature of a warranty deed is the guarantee of clear title. The granter asserts that they have legal ownership of the property and have the right to transfer it to the grantee. They also promise to defend against any claims that might arise in the future. 6. Addendum Clause: This clause specifies the type of estate being transferred. Common types include fee simple, which grants full ownership, or life estate, which grants ownership for the duration of the granter's life. 7. Notary Public: To make the warranty deed valid and enforceable, it must be signed and notarized by a notary public in New Orleans, Louisiana. Different types of warranty deeds from individual to individual in New Orleans, Louisiana may vary in terms of additional provisions or specific requirements as per the parties involved or the purpose of the transfer. Some variations include: a. General Warranty Deed: This is the most common type of warranty deed, providing the broadest form of protection for the grantee against any future title defects, even if they occurred prior to the granter's ownership. b. Special Warranty Deed: With a special warranty deed, the granter guarantees that they have clear title and will defend against any claims arising during their ownership but not against any claims that arose before their ownership. c. Quitclaim Deed: While not technically considered a warranty deed, a quitclaim deed is another type of property transfer document used in New Orleans, Louisiana. Unlike a warranty deed, a quitclaim deed does not provide any guarantees or warranties regarding title. It simply transfers whatever interest the granter has in the property to the grantee. It is crucial to consult with a qualified real estate attorney or professional in New Orleans, Louisiana to understand the specific requirements and legal implications associated with a warranty deed and to ensure the accuracy and validity of the transfer.

A warranty deed is a legal document used in real estate transactions to transfer property ownership from one individual to another in New Orleans, Louisiana. It provides a guarantee or warranty that the seller has clear and marketable title to the property and will defend against any future claims. In a New Orleans Louisiana warranty deed from an individual to an individual, the following information is typically included: 1. Granter: The individual who is selling or transferring the property is known as the granter. Their full legal name and address are specified in the deed. 2. Grantee: The individual who is buying or receiving the property is referred to as the grantee. Like the granter, their full legal name and address are provided in the warranty deed. 3. Property Description: The deed contains a detailed description of the property being transferred. It includes the address, legal description, and any applicable parcel numbers or lot numbers. 4. Consideration: The consideration, or purchase price, for the property is stated in the deed. This is the amount the grantee agrees to pay the granter for the property. 5. Warranty of Title: A key feature of a warranty deed is the guarantee of clear title. The granter asserts that they have legal ownership of the property and have the right to transfer it to the grantee. They also promise to defend against any claims that might arise in the future. 6. Addendum Clause: This clause specifies the type of estate being transferred. Common types include fee simple, which grants full ownership, or life estate, which grants ownership for the duration of the granter's life. 7. Notary Public: To make the warranty deed valid and enforceable, it must be signed and notarized by a notary public in New Orleans, Louisiana. Different types of warranty deeds from individual to individual in New Orleans, Louisiana may vary in terms of additional provisions or specific requirements as per the parties involved or the purpose of the transfer. Some variations include: a. General Warranty Deed: This is the most common type of warranty deed, providing the broadest form of protection for the grantee against any future title defects, even if they occurred prior to the granter's ownership. b. Special Warranty Deed: With a special warranty deed, the granter guarantees that they have clear title and will defend against any claims arising during their ownership but not against any claims that arose before their ownership. c. Quitclaim Deed: While not technically considered a warranty deed, a quitclaim deed is another type of property transfer document used in New Orleans, Louisiana. Unlike a warranty deed, a quitclaim deed does not provide any guarantees or warranties regarding title. It simply transfers whatever interest the granter has in the property to the grantee. It is crucial to consult with a qualified real estate attorney or professional in New Orleans, Louisiana to understand the specific requirements and legal implications associated with a warranty deed and to ensure the accuracy and validity of the transfer.