A warranty deed is a legal document that transfers ownership of a property from one party to another. In the District of Columbia, there is a specific type of warranty deed known as the "District of Columbia Warranty Deed for Surface with Limited Warranty." This warranty deed provides a certain level of protection to the buyer by guaranteeing that the seller holds the title to the property and has the right to sell it. The District of Columbia Warranty Deed for Surface with Limited Warranty ensures that the seller will defend the title against any claims that may arise during the period of ownership by the buyer. However, unlike a general warranty deed, this limited warranty deed does not offer as extensive protections. The limited warranty in this type of deed means that the seller only warrants against any defects in the title that may have been created during their ownership of the property. The warranty does not extend to any defects that may have existed prior to the seller's ownership or any encumbrances on the property. It is crucial to understand that there may be additional types or variations of District of Columbia Warranty Deeds for Surface with Limited Warranty depending on specific circumstances. These may include: 1. District of Columbia Warranty Deed for Surface with Limited Warranty — New Construction: This type of warranty deed applies to newly constructed properties, ensuring that the title is clean and the seller has legal rights to sell the property. 2. District of Columbia Warranty Deed for Surface with Limited Warranty — Vacant Land: This variation of the limited warranty deed is used when transferring ownership of undeveloped land. It provides assurances regarding any defects in the title, but not for any conditions or issues related to the land itself. 3. District of Columbia Warranty Deed for Surface with Limited Warranty — Commercial Property: This specific type of limited warranty deed is utilized for the transfer of ownership of commercial real estate. It offers protections for the buyer against any title defects introduced by the seller, within the limits defined by the limited warranty. Overall, the District of Columbia Warranty Deed for Surface with Limited Warranty is an essential legal document in real estate transactions. It provides a certain level of assurance to buyers regarding the validity of the seller's title, although the protections are not as comprehensive as those offered by a general warranty deed.
District of Columbia Warranty Deed for Surface with Limited Warranty
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How to fill out District Of Columbia Warranty Deed For Surface With Limited Warranty?
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How to fill out warranty deed texas: Begin by obtaining the correct form for a warranty deed in Texas. ... Fill in the necessary information on the form, including the names and addresses of both the grantor (current owner) and the grantee (new owner). Provide a detailed legal description of the property being transferred.
Relates to the past and guarantees grantor ownership. The deed that offers a limited number of warranties is a. general warranty deed.
A Washington, DC, deed must identify by name the current owner (the grantor) transferring the property and the new owner (the grantee) receiving it. Party addresses. A deed should include the new owner's address. DC law does not strictly require the current owner's address, but it is often included.
A special warranty deed or limited warranty deed only guarantees that no title problems occurred during the time the seller has owned the property. That means the previous owner can't be held accountable for creditors' liens or other issues that occurred before they took possession of the home.
The Recorder of Deeds is located at 1101 4th Street, SW, Suite 500, Washington, DC 20024, and is open from 9 am to 3 pm for purposes of recording a deed and from 9 am to 4 pm for all other services. You may contact our Customer Service staff by calling (202) 727-5374.
The DC recorder of deeds requires two forms when recording deeds: Real Property Recordation and Tax Form FP-7/C. Form FP-7/C is a return form listing details about the transfer?including the amount of consideration. The current owner and new owner must both sign the form.
While recording a deed does not affect its validity, it is extremely important to record since recordation protects the grantee. If a grantee fails to record, and another deed or any other document encumbering or affecting the title is recorded, the first grantee is in jeopardy.
If your name is on a deed to a house, then that means that you are the property owner. Having your name on a deed means that you have property title, which represents a set of rights you have as a homeowner.
